Amazon Finally Breaks Nine-Day Losing Streak After $450B Wipeout
Amazon stock edges up 1.2%, ending a brutal slide fueled by fears over its massive $200B capex plans for 2026.
Amazon's stock finally caught a breath on Tuesday, closing up 1.2% and snapping a punishing nine-day losing streak. The damage? More than $450 billion in market valuation, gone.
The sell-off was driven by investor anxiety over Amazon's eye-popping capital expenditure plans. The company has signaled it intends to spend roughly $200 billion in 2026 capex — a figure that clearly spooked Wall Street.
That kind of spending spree raises obvious questions about near-term profitability, even for a company of Amazon's scale. Investors spent more than a week hitting the sell button before Tuesday's modest rebound.
Whether this marks a real floor or just a brief pause remains to be seen. But for now, the bleeding has stopped — at least for one trading session.