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Amazon (AMZN) will report its fourth quarter 2025 financial results on Thursday, Feb. 5. Despite being the leader in cloud and e-commerce and seeing growing spending on AI infrastructure, Amazon’s stock performance has remained muted over the past year.
Over the last 12 months, Amazon's shares are almost flat. By comparison, the S&P 500 ($SPX) has climbed more than 15% during the same period. This gap highlights that, despite its market leadership, Amazon has faced challenges that have weighed on investor sentiment.