<ul><li>Amazon posted its Q4 earnings, with revenue up 10% to $187.79bn</li><li>The e-commerce giant's net income rose almost 50%, reaching $20bn.</li><li>AWS delivered $28.79bn in revenue, which was just below the target of $28.84bn.</li><li>Amazon shares fell more than 4% in late trading on 3 February, wiping out the day's slight gains.</li><li>Amazon blamed its guidance miss for the current quarter on exchange rates.</li><li>It is now aiming for revenue growth of 5% to 9%, which could be its slowest quarter since going public in 1997.</li><li>The multinational is increasing its capital expenditure, aiming to raise it to $100bn in 2025, up from $83bn.</li><li>Amazon CFO Brian Olsavsky said the increased spending is related to AWS, its AI services and North American cloud infrastructure.</li><li>Amazon is strengthening its data center infrastructure while Chinese AI leader DeepSeek's $6m model challenges notions of billion-dollar investments needed to be a leading competitor.</li><li>Amazon's advertising revenue rose to $17.3bn in the Q4 quarter, up 18%.</li></ul>

Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending

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