Amazon Stock Hasn't Been This Cheap in Over a Decade. Has the Sell-Off Gone Too Far?

Amazon's stock has reached its lowest valuation in over a decade with a P/E ratio of 29, driven by investor concerns over massive $200 billion capital expenditure spending in 2026. However, the heavy investment in AI infrastructure has accelerated revenue growth to 17% year-over-year and net income growth to 77% in Q1 2026, suggesting the sell-off may be overdone. While analyst forecasts predict a slowdown to 21% profit growth, the article suggests now may be a good time to begin building an Amazon position.