Amazon shares tank 4% on weakness in cloud computing unit after Q1 forecasts miss Wall Street estimates

Amazon share price today: Shares of US retail giant Amazon.com fell four per cent on Friday, February 7, 2025, after the technology heavyweight’s quarterly cloud computing revenue growth disappointed Wall Street investors waiting for a bigger payoff from the heavy spending on artificial intelligence (AI). Friday’s share drop erased about $100 billion from Amazon’s market value.