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Barchart
Barchart
Subhasree Kar

UNBELIEVABLE: As amazon scrambles to catch up 1 analyst is jumping ship on amzn stock - The Untold Story

Global e-commerce and cloud computing powerhouse Amazon.com (AMZN) is facing renewed scrutiny from Wall Street amid intensifying competition and heavy capital spending. After reporting mixed results that included strong revenue growth paired with an ambitious $200 billion capital expenditure plan for 2026, investor confidence has wavered as the company pivots aggressively into artificial intelligence (AI) and cloud infrastructure.

In a notable shift, DA Davidson’s Gil Luria downgraded Amazon’s stock from “Buy” to “Neutral” and cut price target to $175, arguing that Amazon is “losing the lead” in cloud computing and is “scrambling to catch up through escalating investment,” particularly against rivals like Alphabet (GOOG) (GOOGL) and Microsoft (MSFT).

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