Amazon Plunges 9.07%, Wipes Out $180 Billion in Largest Single-Day Value Loss
Amazon shares plunged 9.07% on February 6, erasing roughly $180 billion in market value and marking its largest daily wipeout ever. The drop follows investor concerns over slowing revenue growth in its retail and cloud divisions, prompting multiple analyst price-target cuts.
1. Record Single-Day Value Loss
Amazon’s stock fell 9.07% on February 6, translating to an approximate $180 billion reduction in its market capitalization—the biggest one-day drop in the company’s history.
2. Slowing Growth Concerns
Investors cited decelerating revenue growth in both Amazon’s e-commerce segment and AWS cloud business as key factors driving the sell-off, with AWS expansion slowing to mid-teens percentages.
3. Analyst Revisions and Outlook
Following the plunge, several analysts cut price targets by 10–15%, projecting lower earnings per share for fiscal 2026 and expressing caution about near-term profitability challenges.