Why Amazon Stock Lost 12% in February

2026-03-02 22:50:00 ET

Shares of Amazon (NASDAQ: AMZN) were heading lower last month as tech investors fretted over AI disruption and balked at Amazon's forecast for $200 billion in capital expenditures this year.

Though the tech giant reported a solid fourth-quarter earnings report, the capex number was enough to send the stock lower following the report, and it stayed down for the duration of the month. According to data from S&P Global Market Intelligence , the stock finished February down 12%.

As you can see from the chart below, the stock fell early in the month on the earnings report and stayed down from there.

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