Why Amazon Stock Price Is Slipping Despite a Court Win and New AI Deal
Amazon shares fell 0.7% to $208.11 Friday despite a Luxembourg court overturning an $854 million privacy fine and a new AWS-AI chip partnership with Cerebras. Investors remained cautious amid Amazon’s $200 billion spending plan and broader tech market weakness. Amazon declined to comment on reports it may move Prime Day to June. Regulatory and operational pressures persist.