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Wajeeh Khan

Amazon Stock Just Entered Oversold Territory. Should You Buy the Dip?

Amazon Amazon.com Inc. Nvidia

Amazon (AMZN) stock opened nearly 10% down on Feb. 6, after a slight profit miss and daunting capital expenditures (capex) guidance spooked investors, despite an otherwise positive Q4 release.

The Nasdaq-listed firm now plans on spending about $200 billion this year, mostly on artificial intelligence (AI) infrastructure. That number is miles ahead of the roughly $146 billion that analysts had expected. 

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