Las acciones de Amazon se rezagan frente al Nasdaq 100 en 2025
Amazon se queda atrás mientras el índice tecnológico marca el ritmo.
El gigante del comercio electrónico lucha por mantener el paso con los principales valores tecnológicos en un año volátil para los mercados. Los inversores observan con preocupación cómo el rendimiento se desvía significativamente del benchmark del sector.
¿Qué está pasando realmente?
Mientras otras tecnológicas aprovechan la inteligencia artificial y la computación en la nube, Amazon parece nadar contra la corriente. Los analistas señalan presiones en múltiples frentes: desde la saturación del mercado de comercio electrónico hasta los crecientes costes operativos.
Los gestores de fondos, mientras tanto, siguen cobrando comisiones por recomendar 'diversificación'—porque claro, perder dinero en más activos siempre es mejor que perderlo en uno solo.
El consenso general: 2025 se perfila como un año de transición dolorosa para el titán de Seattle, mientras el resto del Nasdaq sigue rompiendo récords.
Amazon’s e-commerce model has become less attractive with the rise of AI
E-commerce still delivers the bulk of Amazon’s revenue. Over the years, its heavy spending across many areas, from AWS to Whole Foods, has helped attract growth-oriented shareholders. Last week, the company said it plans to more than double the number of cities where it offers same-day grocery deliveries, underscoring its continued commitment to logistics and retail.
But with AI now the dominant topic in markets, that diversified model is drawing less enthusiasm. Investors watching cloud growth are comparing AWS against faster-growing competitors and rewarding firms most closely tied to AI infrastructure and services.
By the numbers, AWS remained the market leader in renting computing power but posted 17% revenue growth in Q2. That pace lagged Microsoft’s Azure, where sales climbed 39%, and Google Cloud, which rose 32%. The contrast has sharpened the debate about whether AWS is losing share and whether Amazon’s AI spending is paying off quickly enough.
Capital is also flowing to other companies building out AI capacity. Shares of Oracle Corp. and Nvidia-backed CoreWeave Inc. have surged this year as they scale up computing resources, based on earlier reports by Cryptopolitan. Oracle deepened its move into AI services with a deal last month to provide OpenAI with an additional 4.5 gigawatts of U.S. data-center power, and its stock is up almost 50% this year.
Amazon’s AI chip leader moved to Arm
In a separate move that underscores shifting dynamics in the chip world, Arm Holdings has hired an Amazon artificial intelligence chip leader to advance its own silicon plans. Rami Sinno, who worked on Amazon’s in-house AI chips Trainium and Inferentia, designed to build and run large AI systems, has joined Arm, a person familiar with the matter said on Monday.
Arm historically has not produced complete chips. Chip makers including Apple and Nvidia use Arm technology in their processors, a model that has made Arm central to smartphones and increasingly to data-center and AI hardware.
That stance is changing. In July, Arm said it would invest profits to develop chips and similar components. Hiring Sinno signals the company’s intent to move further into full-chip development as demand for AI accelerators, custom silicon, and power-efficient designs keeps rising.
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