Amazon Faces Q4 Test Of AI Spending

Amazon reports Q4 earnings on Thursday, with analysts forecasting revenue of roughly $211–$212 billion, operating income near $25 billion, and EPS about $1.96. The company plans roughly $125 billion in 2025 capital expenditures focused on AI and data-center expansion, following 30,000 layoffs and AWS growth (Q3 revenue $33 billion). Results will signal whether heavy AI spending and logistical investments translate into sustained profitability.