Amazon’s $470 Billion Wipeout and Gold’s Historic $5,000 Breach: Markets Await SCOTUS Tariff Ruling
AmazonAmazon(US:AMZN) Stock Market News·2026-02-13 16:08

Group 1: Amazon's Stock Performance - Amazon.com, Inc. (AMZN) shares have experienced a significant decline, falling 0.8% for a total of nine consecutive days, marking the longest losing streak since 2006 [2] - During this period, the stock price has dropped by 18%, resulting in a loss of $470 billion in shareholder value [2][3] Group 2: Capital Expenditure Concerns - The sell-off was triggered by Amazon's announcement of a $200 billion capital expenditure plan for 2026, which has raised concerns among investors [3] - Investors fear that the substantial investment in areas such as artificial intelligence, custom chips, robotics, and satellite technology will negatively impact free cash flow in the short term [3] Group 3: Gold Market Dynamics - Spot gold prices surged nearly 2% to reach $5,019.69/oz, marking the first time gold has surpassed the $5,000 level [4] - This increase is attributed to a weakening dollar and a flight to safety amid market volatility, particularly in the tech sector [4][5] - Gold has gained 16% year-to-date, outperforming broader equity indices affected by high interest rates and mixed corporate earnings [5] Group 4: Supreme Court Tariff Ruling - The US Supreme Court has scheduled opinion days for February 20, 24, and 25 regarding the legality of President Trump's tariffs, which are currently costing US importers over $16 billion monthly [6][7] - The upcoming ruling could significantly impact the retail and industrial sectors, with potential refunds for retailers and manufacturers if the tariffs are invalidated [7]