Amazon (NASDAQ:AMZN) closed at $199.6, down 2.20% due to AI-driven spending concerns and analyst target cuts. Trading volume reached 78.6 million shares, up 70% from the three-month average. Amazon IPO’d in 1997 and has grown 203,746% since.
The S&P 500 fell 1.57% to 6,833, while the Nasdaq Composite lost 2.03% to finish at 22,597. Alibaba closed at $158.73 (-3.40%) and Walmart at $133.64 (+3.78%).
Daiwa Securities Group lowered Amazon’s stock price target from $300 to $280 due to AI infrastructure spending risks. Amazon has a history of high spending for growth, leading to success in the e-commerce industry.
Considerations for investing in Amazon stock: Motley Fool identified 10 top stocks to buy now, excluding Amazon. The Stock Advisor’s total average return is 913%, outperforming the S&P 500 by 717%. Join an investing community for individual investors to access the latest top 10 list.

Read more at Nasdaq: Stock Market Today, Feb. 12: Amazon Falls After Analyst Cuts Target on AI Spending Concerns