Amazon is among the handful of tech giants on deck to report earnings this week, and Wall Street is eager for updates amid the latest round of layoffs and the continued race for AI dominance. Amazon's stock performance has been volatile recently. It's up just 4% in 2025, lagging the rest of the Magnificent Seven year-to-date and underperforming the cohort over the last five years. Amazon continues to spend heavily on AI, specifically on data centers and infrastructure, but balancing growth with