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$150 Billion Wiped Off Amazon's Market Value: Should You Buy Now?

TheMotleyFool

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$150 Billion Wiped Off Amazon's Market Value: Should You Buy Now?

Amazon (NASDAQ: AMZN) reported fiscal 2022 first-quarter earnings after the markets closed on Thursday, April 28. Investors were disappointed, and Amazon's stock was down more than 15% on the day following the report. With Amazon's market value over $1.5 trillion before the release, the fall has wiped out more than $150 billion in wealth for shareholders.

The dramatic sell-off has some potential investors "kicking the tires" and wondering if they should buy Amazon now.