Tech giant Amazon.com Inc (NASDAQ: AMZN) has been one of the more frustrating large-cap stocks to own over the past year or so. Shares are currently trading around $220, the same level they were at in late 2024, meaning the stock has effectively gone nowhere during a period where the S&P 500 index has added more than 10%.
That lack of momentum has been driven by a combination of factors, not least those concerns around the company’s rising capital expenditure tied to its artificial intelligence (AI) ambitions.
