Amazon Shares Decline Amid Technology Selloff and Regulatory Concerns
Amazon (AMZN) shares closed down 2.19% at $260.21 on November 5, 2026, as early gains from a new partnership with Uber were erased by a broader technology sector selloff. The decline occurred following U.S. midterm election results where the Democratic Party gained control of Congress, sparking investor fears regarding tighter AI regulations and potential delays in data center construction. Market sentiment is further pressured by rising interest rates and concerns over Amazon's capital expenditures. While the company reported negative Q3 free cash flow of $42.4 billion due to heavy AI infrastructure spending, management remains optimistic. AWS revenue is projected to grow 40% year-over-year in 2027 and 2028, driven by sustained demand for artificial intelligence services.
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Topics: e-commerce market volatility partnership announcement stock price movement
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