Amazon Stock Price Today: Why AMZN Slipped Despite a New AI Deal, Prime Day Shift and EU Court Win
Amazon shares fell 0.9% to $207.74 by midday Friday after AWS announced a new partnership with Cerebras Systems, as investors weigh the cost of Amazon’s $200 billion AI expansion. The company borrowed $54 billion globally this week. A Luxembourg court overturned Amazon’s record $854 million privacy fine. Italian prosecutors are seeking trial over alleged €1.2 billion tax evasion despite a settlement.