Amazon Stock Today: AMZN Premarket Slips After India AI Megaplan as Wall Street Stays Bullish (Dec. 11, 2025)

New York — December 11, 2025, around 5:00 a.m. ET

Amazon stock (NASDAQ: AMZN) is trading slightly lower in Thursday’s premarket session, giving back a slice of yesterday’s gains despite a flurry of upbeat news on artificial intelligence, cloud computing and logistics. After closing Wednesday at $231.78, up 1.69% on the day, AMZN is changing hands in the high‑$220s to low‑$230s in thin early trading. ^[1]

Extended-hours quotes from MarketBeat show Amazon at $230.26, down about 0.66% from Wednesday’s close as of 4:57 a.m. ET. ^[2] Public.com shows similar levels, with AMZN near $230.33 and off roughly 0.6% as of 5:30 a.m. ET, while Investing.com lists the latest premarket trade at $228.69, also modestly below the prior close. ^[3]

In other words, Amazon stock today is starting Thursday a touch weaker, even as Wall Street analysts double down on bullish long‑term forecasts and new AI and logistics initiatives continue to roll out.

Amazon stock today in premarket trading (Dec. 11, 2025)

Here’s how AMZN looks heading into the U.S. open:

Wednesday close: $231.78, up 1.69% on the day, with about 36–37 million shares traded. ^[4]
Premarket range (approx.): $228.7–$230.3, down about 0.5–1% from the last closing price depending on the data provider. ^[5]
52‑week range: $161.38 (low) to $258.60 (high), putting AMZN roughly 10% below its 12‑month high and well above its spring low. ^[6]
Recent performance: Over the last month, the stock is down about 6–7%, while the 12‑month total return is roughly 3%. ^[7]

Premarket trading is typically less liquid than regular hours, so relatively small orders can move the price more than usual. Still, the early read suggests a mildly risk‑off tone around Amazon stock today, in line with broader pressure on U.S. equity futures amid fresh worries about the AI spending boom. ^[8]

Key news moving Amazon stock this morning

Several fresh and recent headlines are shaping sentiment around AMZN on December 11, 2025.

1. $35 billion India AI and export push

The biggest strategic story this week remains Amazon’s commitment to invest over $35 billion in India by 2030, much of it aimed at AI infrastructure, exports, small-business digitization and job creation. ^[9]

Reuters reports that the plan spans data centers, AI services and export initiatives, deepening Amazon’s roots in one of the world’s fastest‑growing digital economies. ^[10] Coverage from tech outlets notes that Amazon is pitching the move as both an AI play and a manufacturing/export boost, signaling its ambition to make India a global AI hub within its ecosystem. ^[11]

Yahoo Finance highlighted that this India AI push helped AMZN climb about 2% on Wednesday as investors cheered the long‑term growth narrative. ^[12]

Why it matters for the stock:

Reinforces Amazon’s AI ambitions beyond the U.S. and Europe.
Supports the growth story for AWS and advertising in new geographies.
Adds long‑duration capex, which can pressure near‑term margins but expand long‑term earnings power. ^[13]

2. ‘Rufus’ AI assistant boosts conversions and analyst confidence

Finviz flags Amazon as one of Wall Street’s trending AI names, highlighting the company’s in‑app AI shopping assistant, Rufus. Analysts cited in the piece say Rufus has led to a measurable jump in purchases, reaffirming a bullish stance on AMZN. ^[14]

The story notes that firms such as Citizens maintain ratings equivalent to “Market Outperform,” arguing that Amazon’s AI tools are turning user engagement into higher conversion and basket size, not just buzz. ^[15]

Why it matters: Rufus is a concrete example of Amazon monetizing generative AI directly in its core e‑commerce business, strengthening the thesis that AI can drive revenue and margin uplift beyond the cloud unit.

3. Grocery and ultra‑fast delivery: Same‑day and new ‘rush’ pickup service

Amazon’s aggressive push into same‑day grocery and ultra‑fast fulfillment is in the headlines again:

A recent report describes an expanded same‑day grocery delivery rollout that sent Instacart shares sharply lower, underscoring Amazon’s competitive threat in on‑demand groceries. ^[16]
Business Insider reports that Amazon is planning a new “rush” pickup service, doubling down on rapid delivery and click‑and‑collect options to keep Prime members sticky and defend share against big‑box rivals and grocery apps. ^[17]

For investors, the message is that Amazon is still willing to spend heavily to own the convenience and last‑mile experience, even as it works to streamline costs in other parts of the business.

4. Cloud and custom chips: Noise around Marvell and Trainium

Several articles this week revolve around Amazon’s in‑house AI semiconductor efforts and their impact on suppliers:

InsiderMonkey reports that Marvell Technology (MRVL) was downgraded amid concerns that Amazon is migrating more AI workloads to its in‑house Trainium and Inferentia chips, potentially crimping Marvell’s long‑term revenue from AWS. ^[18]
Barron’s separately notes that some analysts are urging investors to “block out the noise,” arguing that reports of lost custom‑chip share at Amazon and Microsoft may be overstated. ^[19]

Implication for Amazon: If AWS can successfully scale its own chips, the move could improve long‑term margins and performance in AI workloads, though it keeps CapEx high and maintains scrutiny on returns from AI infrastructure spending. ^[20]

5. Macro backdrop: Fed cut, weaker futures and AI volatility

More broadly, Thursday’s premarket tone is being dampened by worries that the AI trade has run ahead of itself:

A Reuters‑linked report via TradingView notes that Oracle shares tumbled nearly 11% in premarket trading after offering downbeat guidance and higher capital‑spending plans, reigniting concerns about an AI “bubble.” ^[21]
A TipRanks market wrap says U.S. stock futures are lower on December 11 even after a Federal Reserve rate cut, with Oracle’s disappointing results weighing on AI‑linked names. ^[22]

Despite that risk‑off backdrop, the same TipRanks coverage highlights that TD Cowen continues to rank Amazon as its “Top Mega Cap” pick heading into 2026, emphasizing its diversified revenue streams (cloud, ads, commerce) and strong free‑cash‑flow trajectory. ^[23]

6. Institutional flows and ownership headlines

On the ownership front, MarketBeat points to new institutional buying: wealth‑management firm Choreo LLC disclosed the purchase of 27,358 AMZN shares, adding modestly to the drumbeat of funds increasing exposure to the stock. ^[24]

While the position size is small relative to Amazon’s roughly $2.4–2.5 trillion market cap, it’s consistent with the broader pattern of institutions leaning into high‑quality mega‑cap tech even after a choppy 2025. ^[25]

Wall Street forecasts and price targets for Amazon stock

Even with the stock down from its 2025 highs, analyst sentiment on Amazon remains strongly positive as of mid‑December 2025.

Consensus ratings and 12‑month targets

StockAnalysis: 47 analysts rate AMZN a “Strong Buy”, with an average 12‑month price target of about $284.19, implying roughly 23% upside vs. current levels. The target range runs from $195 on the low end to $340 on the high end. ^[26]
TipRanks: Based on 45 analysts (44 Buys, 1 Hold), the average price target stands even higher at $295.73, which suggests nearly 28% upside from where the stock trades now. ^[27]
StocksGuide: A broader survey pegs the 2026 average price target around $303.69, with the most bullish estimate at $378 and the most cautious near $229, still above recent trading levels. ^[28]

Across these services, the message is consistent: analysts overwhelmingly expect Amazon stock to move higher over the next 12–18 months, even if the path is bumpy.

Deeper-dive forecasts: 2025–2030 narratives

Several long‑form pieces published in recent days add color to the numbers:

24/7 Wall St has produced updated forecasts out to 2030, arguing that while estimates vary, the dominant expectation is for steady earnings and free‑cash‑flow growth as AWS, advertising and high‑margin services expand. ^[29]
A Motley Fool article titled “Prediction: Amazon Stock Will Have a Monster 2026” notes that AMZN has underperformed the broader market in 2025—up only about 6% versus a mid‑teens gain for the S&P 500—but argues that ongoing margin expansion, AWS growth and ad momentum set the stage for a strong rebound in 2026. ^[30]
Two Seeking Alpha pieces frame Amazon’s heavy AI and cloud CapEx as a feature, not a bug. One argues that Amazon’s “AI Capex problem is its superpower,” noting that AMZN trades at roughly 32x 2025 earnings and around 29x 2026 EPS, which the author views as reasonable given the growth runway. Another reiterates a prediction of new all‑time highs before year‑end, hinging on AWS reacceleration and AI deals. ^[31]

While each forecast relies on its own assumptions, the through‑line is clear: Wall Street is comfortable paying a premium multiple for Amazon as long as AI, cloud and ads continue to compound.

Technical and positioning snapshot

From a market‑structure point of view, Amazon is entering today’s session in a consolidating phase rather than at an extreme:

AMZN is trading about 10% below its 52‑week high of $258.60, set in early November, and well above its 52‑week low of $161.38 reached in April. ^[32]
Over the past month, the stock has pulled back approximately 6–7%, reflecting profit‑taking and broader tech volatility, but it remains slightly positive over the trailing 12 months and around 5–6% year‑to‑date. ^[33]
Barchart’s short‑term technical levels put first support near $229 and initial resistance around $233–237, bracketing the current premarket price zone. ^[34]

In other words, Amazon stock today is neither at a euphoric blow‑off top nor at capitulation lows; it’s in the middle of its range, with investors weighing rich but not outrageous valuations against the company’s AI and logistics ambitions. ^[35]

What to watch as the market opens

As regular trading gets underway on December 11, traders and longer‑term investors alike will be watching a few key themes:

Reaction to macro and AI sentiment
- Will Oracle’s post‑earnings slide continue to pressure AI and cloud names broadly, or will investors treat it as company‑specific noise? ^[36]
- Does the recent Fed rate cut rekindle risk appetite for mega‑cap growth, or does it simply anchor expectations that the best of the easing cycle is already priced in? ^[37]
Follow‑through on the India AI investment story
- Any additional details on timelines, returns or local partnerships in India could move the stock, especially if Amazon frames the investment as a major boost to AWS and exports. ^[38]
Updates on AI monetization (Rufus, AWS & ads)
- Investors will be watching for more evidence that Rufus and other AI tools are driving higher advertising and commerce revenue, validating bullish theses from Finviz, MarketWatch and TD Cowen. ^[39]
Breadth of institutional support
- While trades like Choreo LLC’s purchase don’t move the needle alone, a steady stream of 13F filings and fund commentary in AMZN’s favor can support the “Top Mega Cap pick” narrative. ^[40]

Bottom line on Amazon stock today

Taken together, Amazon stock enters Thursday’s session with:

Premarket trading modestly lower, echoing broader market caution after AI‑linked volatility in names like Oracle. ^[41]
A powerful long‑term growth story, reinforced by a $35 billion India AI investment plan, expanding AI‑driven e‑commerce tools like Rufus, and continued logistics innovation. ^[42]
Overwhelmingly bullish analyst coverage, with Strong Buy consensus ratings and average price targets 20–30% above current levels. ^[43]

For investors tracking Amazon stock today, the near‑term question is how the market digests high AI and infrastructure spending against a backdrop of slowing global growth and richer tech valuations. The premarket dip suggests some nerves—but the underlying story that has kept AMZN a core mega‑cap holding for many institutions remains firmly intact.

This article is for informational and news purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Always do your own research or consult a licensed financial professional before making investment decisions.