Amazon Stock Is Down 45%: 2 Reasons It Could Skyrocket

Amazon (NASDAQ: AMZN) has fared worse by shedding 45% of its value in that timeframe. By now, most people are familiar with the much-talked-about slowdown in Amazon's e-commerce segment, which is one of many stay-at-home winners facing difficult comps and overexpansion after the boom years in 2020 and 2021. What is less highlighted, however, is the weakness in cloud services, which now make up 15% of Amazon's revenue and practically all of its operating income amid losses in the other reporting segments.