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Why Amazon Stock Lost 12% in February

TheMotleyFool

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Why Amazon Stock Lost 12% in FebruaryPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Amazon (NASDAQ: AMZN) were heading lower last month as tech investors fretted over AI disruption and balked at Amazon's forecast for $200 billion in capital expenditures this year.

Though the tech giant reported a solid fourth-quarter earnings report, the capex number was enough to send the stock lower following the report, and it stayed down for the duration of the month. According to data from S&P Global Market Intelligence, the stock finished February down 12%.

As you can see from the chart below, the stock fell early in the month on the earnings report and stayed down from there.

Source Fool.com

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