On Feb. 12, 2026, investors weighed massive AI capex against surging cloud momentum and the associated risks.
Today’s Change
(-0.10%) $-0.21
Current Price
$199.39
Key Data Points
Market Cap
$2.1T
Day’s Range
$197.28 – $199.56
52wk Range
$161.38 – $258.60
Volume
1.4M
Avg Vol
47M
Gross Margin
50.29%
Amazon (AMZN 0.10%), global e-commerce and cloud computing services provider, closed Thursday at $199.6, down 2.20%. The stock moved lower as investors continued reacting to Amazon’s aggressive artificial intelligence-driven capital spending and recent analyst target cuts while weighing AWS growth and long-term AI returns.
Trading volume reached 78.6 million shares, coming in about 70% above compared with its three-month average of 46.3 million shares. Amazon IPO’d in 1997 and has grown 203,746% since going public.
How the markets moved today
S&P 500 (^GSPC +0.38%) fell 1.57% to 6,833, while the Nasdaq Composite (^IXIC +0.22%) lost 2.03% to finish at 22,597. Within e-commerce and cloud computing, industry peers were mixed, as Alibaba Group (BABA 0.59%) closed at $158.73 (-3.40%) while Walmart (WMT +0.33%) finished at $133.64 (+3.78%).
What this means for investors
AI capital spending concerns continued to ripple through the stock market today. That led Daiwa Securities Group to cut its Amazon stock price target from $300 to $280 citing execution risk from the company’s $200 billion AI infrastructure spending plans.
Long-time investors might remember a time when similar concerns dogged Amazon stock. As a young company, Amazon poured money into growing its business, keeping cash flow in negative territory for years.
That spending paid off, however, making Amazon the e-commerce juggernaut it has become. While there’s no guarantee that similar returns will follow these AI investments, Amazon has earned the benefit of the doubt. A stock slide from the current uncertainty may be another good buying opportunity for Amazon stock.
Howard Smith has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Walmart. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy.
