$AMZN is in an interesting spot right now. The stock is trading at one of its lower P/E multiples in years, even as AWS and AI remain major parts of Amazon’s growth story.

The concern is how much Amazon is spending to build out AI infrastructure. With capital spending expected to keep climbing, I’m curious whether the long-term AI opportunity will outweigh the pressure on free cash flow.

Would you see this weakness in $AMZN as an opportunity, or would you wait for the AI spending to translate into stronger cash flow?