Amazon.com (AMZN) Underperformed Despite Strong Positioning in AI and Cloud

What: Amazon.com's stock underperformed the market despite its strong positioning in AI and cloud computing.
Why: The company's investments in AI and cloud computing have not yet translated into significant revenue growth.
Signal: Amazon's stock price has fallen **-10%** in the past quarter, while the S&P 500 has risen **2%**.
Target: Analysts expect Amazon's revenue to grow **15%** in the next quarter, driven by its cloud computing business.
Risk: Amazon's underperformance may be a sign of increased competition in the AI and cloud computing markets.