Amazon Stock Plunges as AI Spending and Regulation Weigh

Amazon's stock price has fallen sharply ahead of its July 30 earnings report due to concerns over AI spending, regulatory scrutiny, and weakening cash flow.

The company's aggressive investment strategy in AI and cloud infrastructure is raising questions about its sustainability amidst rising competition.

The US Senate committee is investigating allegations involving Chinese influence on Amazon's online marketplace, adding another layer of uncertainty for investors.

AWS growth, e-commerce performance, and the company's financial outlook will be closely watched during the upcoming earnings report.