AMZN is trading at $222.82 (-4.36%) down sharply as investors rotate out of tech following Alphabet's AI capex reveal and disappointing employment data.
- Markets are focused on AWS growth and AI spending plans as the company prepares to report Q4 earnings after the bell.
- Tech sentiment is pressured by Alphabet's massive AI capital expenditure plans and fears of SaaS disruption from Anthropic's new AI tools.
- Weak ADP jobs data (22K vs 45K expected) has added to the Nasdaq's recent skid, extending the broader market retreat.