What’s Going On With Amazon Stock Thursday?

The company also drew attention for expanding AI partnerships and potential satellite deal talks, reinforcing its long-term growth strategy.
Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on the stock and raises the price forecast from $304 to $305.
AI Pact With Reply
The agreement focuses heavily on advancing AI deployment using AWS infrastructure, while leveraging Reply’s specialized firms to build industry-specific solutions and governance frameworks aligned with evolving regulations.
Amazon Drives Public Sector AI Growth
The multi-year deal focuses on delivering scalable, mission-critical solutions for government agencies.
Key areas include AI-driven analytics, fraud prevention, Zero Trust cybersecurity, and modernizing legacy systems.
The collaboration also aims to enhance citizen services and unlock value from government data through advanced analytics.
Both companies will invest in AI and cloud training to strengthen expertise and support evolving public sector needs.
Amazon Deal Buzz
The potential deal could strengthen Amazon’s low-Earth-orbit satellite internet ambitions as it looks to compete with SpaceX, the Financial Times reported.
Technical Analysis
At $209.64, Amazon is trading 0.4% below its 20-day simple moving average (SMA), the stock’s average price over the last 20 sessions, which suggests short-term momentum is stalling near a key trend line.
It’s also trading 6.8% below its 100-day SMA, indicating the intermediate trend is still tilted lower despite recent stabilization.
The moving average convergence divergence (MACD), a trend/momentum measure, shows the MACD at -2.2454 versus a signal line at -2.4570, a setup that suggests downside pressure is easing even though the trend remains soft.
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