A Senate China probe, AI spending fears, and fresh layoffs are hitting Amazon stock just one week before a quarter that Wall Street expects to be strong. Something does not add up, and earnings may ...

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Amazon.com stock was down Thursday as investors seemed to be taking profits after the e-commerce giant reported strong earnings and good news about artificial-intelligence chip demand Wednesday night.

Amazon's cloud business grew at a slower pace than expected in the first quarter, a third straight revenue miss. Revenue at Amazon Web Services increased 17% to $29.27 billion, while analysts polled ...