Amazon (AMZN) stock dropped nearly 10% after a profit miss and high capex guidance, with plans to spend $200 billion on AI infrastructure this year. Despite the selloff, AMZN’s cloud revenue exceeded expectations in Q4, making it a solid buying opportunity. The company’s advertising business and custom chips are thriving, and AWS backlog is up 40% to $244 billion. Wall Street remains bullish on AMZN, with a consensus rating of “Moderate Buy” and a mean target of $298, indicating potential upside of nearly 50%. AMZN shares are relatively cheap compared to other tech giants like Apple (AAPL) and Nvidia (NVDA).

Read more at Barchart: Amazon Stock Just Entered Oversold Territory. Should You Buy the Dip?