Amazon narrowed some of its losses, but it is still falling in pre-market trading.

Amazon's stock price has fallen by 7% in pre-market trading, as investors have reacted negatively to its performance, although the decline has narrowed somewhat, the stock fell by more than 11% earlier in the trading session. The e-commerce and tech giant announced that its capital expenditures for this year will reach $200 billion, which is about $500 billion higher than expected, causing market concerns about the size of the investment. Ipek Ozkardeskaya of Swiss bank UBS wrote, "The market is not convinced, this level of spending is too high." Meanwhile, Amazon's net sales are higher than expected, but profits are lower than expected. The company's investment plans for the future will also put pressure on profits.