Why is Amazon stock down today?

AMZN shares are sliding as management guided about $200 billion of AI-focused capex through 2026. Investors worry about near-term returns and margin pressure, even after solid results and 24% AWS growth. The market needs clarity on utilization, timing, and cash flow before rewarding the plan.

How strong is AWS growth right now?

AWS posted 24% growth, showing solid demand for cloud and AI workloads. That strength helps offset rising depreciation and operating expenses from the AI build. The key is whether AWS revenue and margins can scale fast enough to balance the heavier investment cycle ahead.

What should Swiss investors focus on?

Consider currency. Unhedged USD exposure magnifies swings in CHF terms, while CHF-hedged funds reduce FX noise but add fees. Review your broker’s FX charges and fund domicile. Watch technical levels near $222 and $220, plus how quickly AI investments translate into customer wins and cash flow.

Are analysts still positive on AMZN?

Yes. There are 75 Buy ratings and 1 Sell, implying a bullish consensus despite the pullback. However, the valuation near a 31x P/E assumes sustained growth and improving cash generation. Proof of returns on AI capex will likely determine whether multiples re-rate or compress.

Which price levels matter after the drop?

The 50-day average around $233.58 and the 200-day near $222.72 are important references. The lower Bollinger Band sits close to $220.37, and today’s low at $200.31 may attract buyers. These are reference points, not guarantees, and can shift with volatility and news flow.

Global Market Insights

AMZN Stock Today: Shares Slide on $200B AI Capex Plan – February 6

ByHuzaifa Zahoor February 6, 2026

Amazon stock today is under pressure after management outlined an AI capex 200 billion plan through 2026, overshadowing solid results and 24% AWS growth. AMZN last traded near $207.25, down 11.05% from a previous close of $232.99, following its 5 February earnings release. For Swiss investors, the USD move hits unhedged CHF portfolios more directly. We break down what the spending covers, how it may affect margins, and key levels to watch in the days ahead.