Amazon Stock Lags Nasdaq 100 in 2025 Amidst AI Boom

Despite the robust growth of the Nasdaq 100, Amazon’s shares have underperformed throughout 2025. This discrepancy has widened in recent weeks, as the stock struggles to keep pace with the market’s enthusiasm for artificial intelligence (AI). The company’s cloud unit, AWS, saw weaker growth, contributing to investor concerns about its AI strategy and ability to remain competitive against rivals like Microsoft Corp. and Meta Platforms Inc. 2025 has seen Amazon trade at a record discount to the Nasdaq 100 benchmark.