Amazon.com Inc. shares closed at $206.96 following news that the U.S. government will exempt the company from upcoming AI chip tariffs, a move that supports its $200 billion capital expenditure plan for 2026.
- The regulatory reprieve facilitates a new multi-billion dollar partnership with STMicroelectronics for AI processors and the nationwide launch of the generative AI-powered Alexa+.
- Despite these positive developments, the stock has declined nearly 15% since February 2, 2026, as the market continues to react to a Q4 earnings miss.