SRADEven Google went down, just not as much. A truly Black Thursday!!
Amazon's stock just entered a bear market. This 'Magnificent Seven' name could be next.
Amazon's stock has entered a bear market, falling over 20% from its recent high, closing at $199.60. This decline is part of a broader trend affecting Big Tech stocks due to concerns over AI spending. Microsoft also shares this fate, down 25.9%. Meta is close to bear market territory as well. Investors are shifting away from companies like Amazon and Microsoft, fearing inadequate returns on AI investments, while Alphabet's integrated tech stack offers some protection. The upcoming Nvidia earnings report on February 25 will be crucial for the AI sector's outlook.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
