What is Amazon's current stock price after the decline?

Amazon stock fell to around $234 after a 4% drop.

Were other companies affected besides Alphabet and Amazon?

Yes, Meta, Microsoft, NVIDIA, and Oracle also experienced declines.

Alphabet Sinks 6%, Amazon Slides 4% on AI Capex Anxiety

Alphabet (GOOGL) stock dropped 6% and Amazon (AMZN) fell 4% in midday trading Monday, as investor anxiety over rising AI capital expenditure among hyperscalers weighed on the sector.

June 22, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

GOOGL decline

GOOGL price

$346

AMZN decline

AMZN price

$234

Alphabet (NASDAQ:GOOGL) stock sank 6% in midday trading Monday, sliding to around $346. The selloff in Alphabet shares is the most prominent move among the hyperscalers today. Caught in the same theme, Amazon (NASDAQ:AMZN) stock is down 4% to around $234. Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) shares are also lower, though by smaller margins.

Possible Causes

The declines come amid growing concerns that massive capital spending on AI infrastructure may not yield expected returns in the near term. Investors worry that hyperscalers are pouring billions into data centers and AI chips without clear visibility on ROI.

Context

The tech sector has seen volatility recently as investors focus on AI-related costs. Alphabet, Amazon, Meta, and Microsoft all announced significant capex plans in recent earnings calls.

Similar Moves in the Sector

The selloff extended to other AI-related names, with NVIDIA (NASDAQ:NVDA) and Oracle (NYSE:ORCL) also experiencing declines.

Frequently Asked Questions

Alphabet stock fell due to investor concerns over massive AI capital spending without clear short-term returns.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.