Amazon Stock Today: AMZN Slips Again as EU Ruling, AI Spending Jitters and Mixed Analyst Calls Collide
Amazon shares fell 1.1% to around $220 Wednesday, extending a five-day slide of about 11%. The drop follows an EU court rejecting Amazon’s challenge to its Digital Services Act status and new regulatory scrutiny of AWS. Investors also reacted to a $15 billion bond sale for AI spending and an analyst downgrade. Despite the decline, Wall Street’s consensus price target remains near $290.