Amazon Stock Falls 10% Amid Q4 Earnings Miss and High Capex Guidance

Amazon stock opened 10% down on Feb. 6 after a profit miss and high capex guidance. Despite this, the stock is now oversold and Wall Street remains bullish. The cloud revenue beat and potential for AI capacity growth make AMZN stock attractive as a long-term holding. The company's advertising business and custom chips are also driving growth. With a forward P/E of less than 30, Amazon shares are relatively inexpensive compared to other "Magnificent 7" names.