Shares of the internet giant Amazon (NASDAQ: AMZN) have dropped nearly 39% from the 52-week high. Its slowing top-line growth amid normalization in demand trends, cost headwinds, and overall selling in the high-growth tech stocks are to blame for this decline. For context, Amazon’s net sales growth rate has decelerated over the past four consecutive quarters. Notably, Amazon’s net sales growth slowed to 7% in Q1 of 2022 compared to the 9% growth in Q4 of 2021. While AMZN’s revenue growth slowed, it faced multiple cost pressures, including productivity and inflation (higher wages and shipping costs).
https://www.tipranks.com/news/article/after-39-decline-is-the-worst-over-for-amazon?utm_source=advfn.com&utm_medium=referral