Amazon, Coinbase Drop; Tapestry Rises

This week's biggest winners and losers in the stock market.

On this episode of Stock Movers:

• Amazon (AMZN) shares ended the week lower after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long run. The company reported spending roughly $130 billion on property and equipment in 2025. Analysts anticipated those expenses would reach about $150 billion this year. Chief Executive Officer Andy Jassy said the money “predominantly” would go toward the company’s Amazon Web Services cloud unit, and most of that spending would be for AI workloads.
• Coinbase (COIN) shares dropped this week with trading volume dragged down by weakening Bitcoin and Ethereum values. The platform’s “Everything Exchange” plans — which would see it combine prediction-markets trading along with metals futures offerings on its core crypto platform — will be key for its 2026 prospects, BI said.
• Tapestry (TPR) shares rose this week after the maker of the Coach brand boosted its adjusted earnings per share guidance for the full year. The improved outlook beat the average analyst estimate.

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