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Amazon Shares Plunge as Cloud Growth Slows and Q1 Revenue Forecast Misses
Q1 Revenue Forecasts Slip; Amazon Stock Takes a Hit
Amazon.com ( AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain similar to Q4 2024's $26.3 billion as the company continues to invest heavily in artificial intelligence.
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