Shares of Amazon.com Inc (NASDAQ: AMZN) are trading under $250 this week, down from nearly $275 at the end of last month.
The stock has been buffeted by a combination of AI CapEx concerns, a high-profile rocket explosion, and a broader risk-off mood that's weighed on even the strongest names in tech. It's been a frustrating sell-off given the recent all-time highs the stock had been printing.