Amazon (AMZN) Earnings Miss Estimates Amid 24% AWS Surge

Amazon reported Q4 net income of $21.2B, or $1.95 per share, on revenue of $213.4B, missing estimates of $20B and $1.97 per share. Revenue up 14% YoY. AWS revenue rose 24% to $35.6B, the fastest growth in 13 quarters. The company plans $200B in capital spending this year, up from $125B, focusing on AI, robotics, semiconductors, and satellites. Shares fell nearly 9% in after-hours trading.