The prevailing market narrative surrounding Amazon (AMZN) stock centers almost entirely on an unprecedented $200 billion infrastructure spending cycle and the subsequent pressure on near-term free cash flow. This capital expenditure trajectory recently drove trailing twelve-month free cash flow down to $1.2 billion, a compression primarily fueled by a $59.3 billion year-over-year increase in equipment purchases. Consequently, market sentiment reflects cautious observation, fixating heavily on wh
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