Amazon Stock Tumbles on Reduced Bond Demand and AI Spending Worries

Amazon's stock price has been declining in pre-market trading today, down 1.3% from yesterday's close.

The decline comes after Amazon finalized a $25 billion bond sale on Tuesday to fund its AI infrastructure, which attracted $62 billion in investor demand, but less than half of what it drew for a similar deal in March.

This reduced enthusiasm has raised questions about whether Wall Street is losing interest in financing Amazon's aggressive capital spending cycle.

Bank of America has issued a cautionary note on big tech, specifically warning that the scale of AI spending by companies like Amazon could unsettle the broader market.