Amazon Rebounds 1% After Worst Losing Streak Since 2006

• Amazon shares rose over 1% on Tuesday, ending a nine-day losing streak that wiped out billions in market value.
• The stock had fallen 18% since February 2, its steepest slump since 2006, due to investor scrutiny over aggressive AI spending plans.
• Amazon guided for nearly $200 billion in capital expenditure this year, almost 60% up from last year and $50 billion above Street estimates, largely for AI infrastructure.
• CEO Andy Jassy and AWS head Matt Garman defended the spending, confident it will generate strong returns and capture expanding AI demand.
• Analysts note Amazon is in a "prove it" phase, with investors seeking tangible returns from the increased investment, though some remain constructive on AWS's long-term potential.