Stocks

Amazon Stock Slips Amid AI Spending Concerns

Guavy AI Editorial Team Published August 26, 2026

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AMZN

Amazon's stock price dipped by 0.59% to $260.53 in Tuesday afternoon trading, following a choppy session.

The decline came as investors weighed the company's AI spending and cloud growth, with some analysts expressing concerns about Amazon's valuation.

Pershing Square, which holds over 8.56 million Amazon shares worth more than $2 billion, remains committed to its position despite trimming its stake in recent portfolio reallocations.

The Wire

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