Amazon slips premarket after $4.4B NZ cloud expansion

Amazon (AMZN) stock dipped ~1% premarket after AWS launched its Asia Pacific (New Zealand) region, backed by a NZ$7.5B ($4.4B) investment. The expansion, expected to add NZ$10.8B to GDP and 1,000 jobs annually, strengthens AWS's cloud footprint amid rising competition from Microsoft Azure and Google Cloud. Retail sentiment on Stocktwits stayed bearish; AMZN is up just 4% YTD.