Today's biggest winners and losers in the stock market.

Amazon (AMZN) shares fall 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.

Strategy (MSTR) shares rise, along with other crypto companies, after bitcoin surged the most in almost three years to recoup almost all of the losses registered during Thursday’s crypto market meltdown that had dragged the token down more than 50% from its October peak. The dizzying swings of around 13% have helped to reignite a jump in the volatility that traders traditionally relish because of the potential profit opportunities.

 
Coty (COTY) shares plunge after the distributor of beauty products forecasts for third quarter adjusted Ebitda and like-for-like sales were well short of the consensus estimates. Annual guidance was withdrawn, with the company citing a “complex beauty market backdrop,” as well as its leadership transition.