Amazon's 9-Day Losing Streak Is Overdone, Says Futurum's David Nicholson, Calling $400 Billion Rout A 'Game Of Chicken'

Despite Amazon.com Inc. (NASDAQ:AMZN) enduring its worst losing streak in two decades, Futurum Chief Research Officer David Nicholson argues the market's aggressive sell-off is driven by anxiety rather than a shift in business fundamentals. Market Sentiment Vs. Reality Amazon recently faced a historic nine-day losing streak, its longest since 2006, resulting in a staggering $400 billion wipeout in market capitalization. The decline saw shares slide 18.19% in these nine days and 12.23% year-to-date, which ...