Amazon is trading at ARS 2882.50 (-3.19%) amid a broad technology and market sell-off over concerns about AI infrastructure spending and surging oil prices.
- Reports of tanker incidents in the Strait of Hormuz pushed Brent crude higher, adding to inflation and growth concerns.
- Technology stocks also faced pressure after disappointing guidance and scrutiny of AI spending.
- Reuters reported Amazon’s holiday hiring plans, but no evidence links the announcement to the share decline.