Amazon Shares Suffer Worst Losing Streak Since July 2006 Amid Concern Over AI Spending

Capital expenditures on AI infrastructure is the top worry for investors across Wall Street.
Amazon Shares Suffer Worst Losing Streak Since July 2006 Amid Concern Over AI Spending
An Amazon Prime delivery person makes a stop in Denver on Nov. 28, 2023. David Zalubowski, File /AP Photo
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Online retail titan Amazon notched its worst losing streak in almost 20 years over the company’s increasing spending plans on artificial intelligence-related capital expenditures.

Shares of Amazon registered their ninth consecutive session loss at the Feb. 13 closing bell, finishing down 0.41 percent to a nine-month low of $198.79.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."