Amazon Loses $450 Billion in Value Amid Historic Losing Streak, AI Investments Cited

Amazon has experienced a significant loss of $450 billion in value during a historic losing streak, with the company's planned $200 billion investment in AI initiatives cited as a contributing factor.

17 Feb, 16:57 — 17 Feb, 16:57

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cnbc5d ago

Amazon has lost $450 billion in value during this historic losing streak. Here's what's dragging it down

When it reported earnings, Amazon said it expects to spend $200 billion this year on AI initiatives.

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Amazon Loses $450 Billion in Value Amid Historic Losing Streak, AI Investments Cited

Read at source (1 outlet)

Amazon has lost $450 billion in value during this historic losing streak. Here's what's dragging it down

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