Amazon Stock is located while Raymond James Latshers is cutting stocks, citing the opposite tariff and “limited” artificial intelligence.

Amazon (amznThe shares fell up to 4 % in early trading on Monday after Raymond James (RJFReduced stocks to overperform from a strong purchase.

Analyst Josh Beck was martyred from the opposite winds of the recently behaved tariff for President Donald Trump and its dangers related to the huge capital investments of Amazon- The company is scheduled to spend more than $ 100 billion in the fiscal year 2025 As everyone goes in artificial intelligence.

Beck reduced its target price on the Amazon shares to $ 195 from $ 275. The analyst also reduced his estimates of Amazon profits before interest and taxes, or EBIT, to $ 73 billion from $ 79 billion for the fiscal year 2025.

Beck is more downward than Wall Street as a whole, who believe that the Amazon EBIT is $ 80 billion in 2025 and 98 billion dollars in 2026, according to unanimity estimates that Raymond James collected.

“We take a new look at the Amzn Investment cycle (supply chain, logistics services, artificial intelligence, other stakes), based on the total and unequal total tariff and the intensity of investment, slope, and avoiding the bias of the fact that the street reduces the pressure of profits before benefits, taxes, depreciation and consumption in 2025-26.

Trump shook the global markets by announcing the “mutual” sharp tariff for the main commercial partners in the United States this month and a 10 % tariff for all global imports on April 5. Stop temporarily for 90 daysWith the exception of a 145 % is a duty of Chinese imports.

This step sent the shares of the large mounting technology, with the so -called “Seven Magnificent Seven” companies, including Amazon, Get rid of $ 2 trillion of cumulative market schools in the wake of the announcement of the mutual tariff, Before stopping for three months.

Trump’s trade war with China continued to escalate Monday with technical shares drop in all fields.

apple (Aapl), Microsoft (Msft(And Google (GoogHe fell in a range of 2 %, while meta (DeadMore than 3 % decreased and NVIDIA (Nvda5 % sank.

Beck estimated that 30 % of Amazon’s total goods – the total value of its platform – comes from China, led by electronics, games, furniture, clothes and spare parts.

He said that, according to his analysis, advertisers who are based in China are their headquarters representing 14 % of the total spending on Amazon ads in 2024, making it more exposed to China more than its competitors. Chinese advertisers represent 11 % and 6 % of total ads spending on definition (Dead(And Google (Goog), Respectively, Beck wrote.

The opposite winds related to tariffs come while Amazon commits the spending on artificial intelligence.