Amazon's stock gains trail the Nasdaq 100 due to slower cloud growth and AI stock focus.

Amazon's stock performance lags behind the Nasdaq 100, with the index up 12% compared to Amazon's 4.6% gain. This underperformance stems from slower growth in Amazon's cloud business and investor disappointment following recent earnings reports. The stock market's focus on AI companies like Microsoft and Meta has also contributed to Amazon's relatively weaker position.