Amazon suffers its longest losing streak since 2006, with a market value evaporation of $470 billions
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Glonghui, February 13th｜Amazon's stock price is about to experience its longest losing streak in nearly 20 years, falling 0.8% on Friday and marking nine consecutive days of decline. The stock has dropped a total of 18%, with its market value evaporating by $470 billions, due to investors' concerns over Amazon's plan to invest $200 billions in data centers, chips, and artificial intelligence by 2026.
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