Amazon Stock Falls Today: Why AMZN Slipped While Tech Hit Fresh Highs
Amazon shares fell 1.1% to $267.22 on Thursday, underperforming record highs in the S&P 500 and Nasdaq. Investors focused on Amazon’s rising AI and cloud spending, with little expectation of relief from lower U.S. rates. First-quarter revenue rose 17% to $181.5 billion, but free cash flow dropped sharply due to higher capital spending.