Core News Facts
Amazon’s stock (NASDAQ: AMZN) has fallen 20% from its record high amid significant capital expenditure plans estimated at $200 billion for this year. This decline is compounded by rising oil prices due to the U.S.-Iran conflict, impacting consumer discretionary sectors. However, in February, Amazon announced an expanded partnership with OpenAI, committing $50 billion, while OpenAI will invest $138 billion in AWS cloud services over the next eight years.
Amazon’s subsidiary, Zoox, has completed over 350,000 autonomous rides in Las Vegas and San Francisco since 2022 and plans to launch services in Austin and Miami this year. Although trailing behind Alphabet’s Waymo, which handled over 14 million rides in 2025, Zoox submitted an application for regulatory approval to operate 2,500 commercial robotaxis, with a decision expected by April 10. Analysts from Morgan Stanley project Zoox could capture 12% of the U.S. autonomous vehicle market by 2032.
