Amazon.com Inc shares have recorded their longest losing streak in nearly 20 years, falling for nine consecutive sessions and erasing approximately US$463 billion in market valuation. This decline follows investor concerns over the company’s significant capital expenditures, particularly its planned US$200 billion spending on data centers, chips, and AI infrastructure this year. Analysts note that such high spending leading to negative cash flow is a major red flag for investors not just for Amazon, but for other big tech companies investing heavily in AI.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Amazon’s down streak continues for the ninth day
Amazon.com Inc shares have recorded their longest losing streak in nearly 20 years, falling for nine consecutive sessions and erasing approximately US$463 billion in market valuation. This decline follows investor concerns over the company’s significant capital expenditures, particularly its planned US$200 billion spending on data centers, chips, and AI infrastructure this year. Analysts note that such high spending leading to negative cash flow is a major red flag for investors not just for Amazon, but for other big tech companies investing heavily in AI.