Amazon (AMZN) Stock Slips Over 9%: AI Growth Continues

AI Summary

Amazon (AMZN) shares fell more than 3% on Friday, contributing to a total decline of over 9% in the past week. Despite this pullback, Amazon's cloud computing arm, AWS, generated $37.6 billion in Q1 2026, growing 28% year over year. Additionally, advertising revenue increased 24% to $17.2 billion, while North America's operating income reached $8.3 billion, up from $5.8 billion a year prior. AWS's remaining performance obligations now total $364 billion, highlighting the robust demand for AI-related services.