The market’s enthusiasm for artificial intelligence (AI) has defined much of 2025 so far. With significant investments in AI infrastructure, a couple of rate cuts, and the U.S. economy continuing to defy slowdown fears, shares of technology companies have rallied significantly. The Nasdaq-100 Technology Index ($NDXT) has surged roughly 18% this year, outpacing the broader market. Yet Amazon (AMZN) hasn’t joined the party. Despite being one of the largest technology and e-commerce companies, its stock is u ...