AMZN Holds Near $250 as Engineers Back Seattle AI Data Center Pause

On June 4, Amazon shares traded at $250.02, down 2.5%, after engineers publicly backed Seattle’s one-year moratorium on new large-scale AI data centers. The council’s unanimous vote followed a June 3 hearing where staff criticized Amazon’s $200 billion AI capex plans and more than 30,000 corporate layoffs since October. At least 14 states have now delayed or blocked roughly $156 billion in similar projects, raising regulatory risk for hyperscale buildouts. Post-market, the stock recovered modestly to $251.25. The episode highlights growing community and internal pushback against aggressive AI infrastructure spending.