Amazon's stock hits lowest price since May last year
Amazon's stock slid to $198.13 on February 17, marking its 10th straight day of losses—a 10-day cumulative fall of 19.3% and the lowest price seen since May last year.
Investors are worried about the company's massive $200 billion spend
Even though Amazon pulled in a solid $213.4 billion in Q4 revenue and boosted profits, investors are worried about the company's massive $200 billion spend on AI infrastructure.
That big bet is weighing down the stock, especially as tech markets overall have been shaky.
Earnings report shows how much Amazon is investing in AI
The recent earnings report highlighted how much Amazon is investing in AI, causing shares to tumble including a 10-day cumulative fall of 19.3%.
Reflecting recent selling pressure, one source noted a rebound could occur once sector sentiment stabilizes.
Analysts are sticking with their "Buy" ratings
Yes—analysts are sticking with their "Buy" ratings, and most experts see room for recovery ahead with an average target price of $282.26.