The ‘Obsession’ that is hurting Amazon, as its stock falls behind Nasdaq

Amazon’s stock is underperforming compared to the tech-heavy Nasdaq 100, primarily due to slower growth in its cloud-computing business, AWS. While other tech giants are benefiting from the AI boom, Amazon’s diverse business portfolio is now seen as a drag on its stock price. Despite this, many analysts remain confident in Amazon’s long-term potential and AI investments.