Market indexes took a dive today, with the Dow down 592 points, S&P 500 down 84 points, Nasdaq down 363 points, and Russell 2000 down 46 points. Amazon reported mixed Q4 results, with earnings slightly below consensus at $1.95 per share and revenues slightly above at $213.4 billion. AWS performance exceeded expectations at $35.6 billion.

Despite the positive results, Amazon shares dropped 8% in after-hours trading due to a projected $200 billion capex spending for AI infrastructure. This spending comes after 16,000 layoffs at the company, lower operating income, and the end of 12 straight quarterly earnings beats. Roblox shares surged 20% after reporting better-than-expected metrics, while Affirm also beat estimates with earnings of 37 cents per share and $1.12 billion in revenues for Q2.

Zacks’ Research Chief has identified a little-known satellite-based communications firm as the top pick for potential stock growth of +100% or more in the near future. With the space industry projected to reach a trillion dollars and a growing customer base, analysts forecast a major revenue breakout in 2025. This pick could surpass previous Zacks’ Stocks Set to Double like Hims & Hers Health, which saw a +209% increase.

Read more at Nasdaq: Market Indexes Scuba Dive on “Risk-Off” Fears