If you bought shares of Amazon (NASDAQ: AMZN) one year ago, you're up nearly 14% now. That's just barely beating the 13% return of the S&P 500, but anytime you can beat the market, even modestly, it's a good day.

We believe there is minimal cause for concern with AMZN stock, which makes it attractive but highly sensitive to adverse events as its current valuation is very high.

A weeklong Amazon boycott, driven by a viral grassroots movement’s call for an “economic blackout,” ended Friday. But the boycott seemed to have little impact on the price of Amazon (AMZN) stock throughout the week.

However, Amazon Web Services (AWS), while representing the balance of sales, produces the majority (58%) of the company's profit. AWS offers cloud computing services. With organizations clamoring for data, the business has grown rapidly, and sales and profits could accelerate as artificial intelligence (AI) continues evolving.

What Happened? Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 3.3% in the afternoon session as markets remained anxious about the negative impact of tariffs, with concerns intensifying following new updates from the Trump administration.