Amazon Shares Drop Over 10% as Berkshire Hathaway Cuts Stake
Berkshire Hathaway sold Amazon shares during the December quarter, reducing its exposure after prior technology cuts. Amazon’s stock has declined over 10% in 2026, contributing to a 7% drop in the Magnificent Seven and placing the S&P 500’s 100-day moving average at risk.
1. Berkshire Hathaway Reduces Amazon Holding
During the December quarter, Berkshire Hathaway sold Amazon shares, marking a further reduction in its technology allocation under Warren Buffett’s management.
2. Amazon Shares Fall Double Digits
Amazon’s stock has dropped more than 10% year-to-date, underperforming broader tech names and contributing to the Magnificent Seven’s 7% slide in 2026.
3. Technical Pressure on S&P 500 Support
The decline in Amazon has weighed on the S&P 500, driving it back to test its 100-day moving average at 6,814.51, with strategists warning that a break could expose the index to a cluster of support around 6,500–6,550.