Capital Expenditure

Amazon (AMZN): Sideways into Earnings – $200B AI Bet Keeps Stock in Limbo

Amazon presents a clear 'Show Me' story. The company is investing aggressively in AI infrastructure ($200B planned CapEx), which is crushing free cash flow even as revenue and earnings grow. For the 21-day horizon, the stock is likely to trade sideways as the market awaits the Q2 earnings report on July 30, which will provide critical guidance on whether the AI spending is translating into AWS acceleration. The RSI is perfectly neutral at 50.89, and recent news provides no 5%+ catalyst in the immediate term. The analyst price target ($312.99) suggests long-term value, but the short-term price action (-1.7% YTD) and mixed sentiment point to consolidation.