AMZNAmazon.com, Inc.
265.29
-0.39%
SUPPORT:259.12252.94
RESISTANCE:271.46277.64
Past
What happened
AMZN slipped 0.39% to 265.29, lagging the Nasdaq as AWS competitive read-throughs from earlier earnings prints still weighed on sentiment.
Why
Why it matters
The market is increasingly pricing AWS as a slower-grower vs Azure, which compresses the AMZN multiple even when the retail business is fine.
Watch
What to watch
262 is the May low; hold there keeps the consolidation thesis alive, break questions the AI-cloud story for AMZN specifically.
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