Amazon stock is down 11% year to date as investors are concerned about the company's spending and growth. Amazon is trading at near its lowest valuation since the early 2010s.

Amazon's stock is down amid Wall Street fears of a large capital-spending cycle in 2026. This happened to the business before in the COVID-19 pandemic and led to long-term earnings and cash-flow growth.

Amazon and Alphabet announced plans to spend a combined $380 billion in 2026. Alphabet is tapping the debt market to raise cash for all of its spending.

Amazon deploys 32 satellites, AI data centers face power scrutiny, and major tech earnings beat estimates as global markets digest space, energy, and semiconductor developments.

Nvidia closed the week at $182.81, down 1.4% from the prior week's close. Three distinct storylines emerged that matter far more than the short-term price action. Here's what moved the needle for Nvidia (NASDAQ: NVDA) this week. The Week in Numbers Nvidia's 1.4% decline slightly underperformed the S&P 500, down 1.29% over the same period. More... Nvidia's Week: UBS Raises Target, Hyperscaler Spending Holds, AMD Stumbles.

AWS continues to be the star of the show. The market is worried about Amazon's spending plans.

Cullen Frost Bankers Inc. lowered its position in Amazon.com, Inc. (NASDAQ: AMZN) by 5.5% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 931,602 shares of the e-commerce giant's stock after selling 53,992 shares during the period. Amazon.com comprises about

Commerzbank Aktiengesellschaft FI cut its holdings in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 440,380 shares of the e-commerce giant's stock after selling 3,215 shares during the quarter. Amazon.com accounts for about 2.0% of Commerzbank Aktiengesellschaft

Amazon stock has declined in nine straight trading sessions, something that last happened in 2006. Investors are worried because Amazon estimates capital expenditures will total $200 billion in 2026.

AWS continues to be a bright spot for the business. The stock hasn't been this cheap in a long time.