NEW YORK — Friday, December 26, 2025 (12:45 p.m. ET).
U.S. stocks are trading in a thin, post‑Christmas session with major indexes hovering near record levels, as investors keep one eye on year‑end positioning and another on the “prove‑it” phase of the AI trade heading into 2026. ^[1]

Against that backdrop, Amazon.com, Inc. (NASDAQ: AMZN) is moving modestly—typical for a holiday‑thinned tape—but the news flow around AWS, AI spending, and regulation continues to shape the longer‑term narrative investors are underwriting.

Amazon stock price today: AMZN trades near $233 as Wall Street digests a quiet holiday session

Amazon shares were last indicated around $232.85 in midday New York trading, up about 0.2% on the session,…