Amazon stock is attempting to recover toward $280 after falling toward $271 following its earnings-driven rally, but Berkshire Hathaway’s exit, a major Bezos share sale, aggressive AI spending and rising regulatory scrutiny are creating a more cautious backdrop for AMZN. Amazon’s latest earnings were strong, particularly in its cloud business. AWS revenue jumped 37% year over year to $42.2 billion, exceeding Wall Street expectations of approximately $40.54 billion, representing the cloud division’s fastest quarterly expansion in 18 quarters. However, investors increasingly want evidence that the enormous capital being deployed into AI infrastructure will translate into sustained revenue and operating-profit growth. Berkshire Hathaway reportedly reduced its Amazon position substantially during the final quarter of Warren Buffett’s tenure as CEO, selling approximately 77% of the position in Q4 2025. Greg Abel subsequently eliminated Berkshire’s remaining 2.276 million shares. Jeff Bezos’s recent stock sale has also raised caution among investors. Increased competition and regulatory challenges could further complicate Amazon’s growth outlook as it navigates its recovery.