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

Core Viewpoint - Amazon's stock is experiencing significant volatility, with a potential tenth consecutive day of losses, raising concerns among investors about its future performance and spending strategies, particularly in artificial intelligence [1][2]. Group 1: Stock Performance - Amazon shares have lost approximately 18% of their value since February 2, resulting in a market valuation decrease of about $450 billion [2]. - The current nine-day decline is the worst streak for Amazon since 2006, and if the stock closes in the red, it will tie the company's longest record of daily losses from 1997 [1]. Group 2: Investor Sentiment - The recent selling pressure on Amazon's stock is linked to the company's fourth-quarter earnings report, which has led investors to question the effectiveness of its artificial intelligence spending plans [2].