Amazon Shares Drop 13% and Enter Correction as Investors Weigh Nearly $200 Billion in Capital Spending

Amazon shares fell 13% and entered a correction as investors assessed the company’s close to $200 billion in capital spending this year. According to NS3.AI, the move came as the market digested Amazon’s spending plans alongside its latest quarterly results. For the first quarter of 2026, Amazon reported revenue of $181.5 billion, up 17% from a year earlier. The company’s operating margin was 13.1%.