Can Amazon Stock Defy the Bears and Rise to $300?

The December quarter earnings season for “Magnificent 7,” barring Nvidia (NVDA), which reports outside the usual reporting season, is over. Only Meta Platforms (META) saw significant gains following the confessional, while Microsoft (MSFT) and Amazon (AMZN) plunged as markets get wary of tech companies loosening their purse strings for artificial intelligence (AI) capex. Specifically, Amazon almost fell to the $200 price level on Friday, Feb. 6, as markets were spooked by its mixed earnings, which were f ...