Amazon (AMZN) remains one of my favorite businesses, driven by enduring customer value and operational excellence. The recent 12% stock price drop post-earnings is a gift from Mr Market investors should capitalize on. I remain enthusiastic about AMZN's intensive CAPEX, especially in its cloud business, viewing it as a strategic strength.

Amazon said early Tuesday that customers with remote-computing workloads running in the Middle East should move them to other regions.

Tech sector faces sharp declines, with Nasdaq 100 futures down 2.3% and chip stocks plunging after a major selloff in South Korea's KOSPI index. Amazon Web Services suffered significant infrastructure damage in UAE and Bahrain due to drone strikes, impairing service availability and prolonging recovery.

Allen Operations LLC bought a new stake in Amazon.com, Inc. (NASDAQ: AMZN) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,420 shares of the e-commerce giant's stock, valued at approximately $5,362,000. Amazon.com comprises 0.6% of Allen Operations LLC's investment portfolio,

AlTi Global Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,446 shares of the e-commerce giant's stock after purchasing an additional 3,376 shares during

Tepper's stock moves happened two months ago, at a minimum. He only sold a fraction of his positions in Nvidia and Amazon.

Amazon Web Services said drone strikes caused structural damage to its UAE and Bahrain data centers, disrupting key services, prompting prolonged recovery efforts and customer migration warnings, while Amazon.com Inc. shares edged lower.

Tech stocks fell broadly in February on fears of AI disruption. Amazon said it would spend in $200 billion in capex this year.

Amazon Web Services said Monday that two of its data centers in the United Arab Emirates were "directly struck" by drones. A facility in Bahrain was also taken offline after it was damaged by a nearby drone strike.

Amazon said three of its data centers in the Middle East were damaged by drone strikes due to the US-Iran conflict in the region. Two facilities in the United Arab Emirates sustained direct hits, while a third facility in Bahrain was damaged by a drone strike "in close proximity," the company said in an update on its AWS cloud service dashboard on Monday afternoon.