Tech News
← Back to articles

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

read original related products more articles

Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20, 2026.

Amazon shares whipsawed on Tuesday, as the stock attempted to make a comeback from a historic slide.

Should the stock close in the red, it would mark a tenth-straight negative session, tying the company's longest streak of daily losses on record, which it notched in 1997.

The nine-day slide reached Friday is the worst streak since 2006.

Amazon shares have lost roughly 18% of their value since Feb. 2, axing about $450 billion in market valuation as investors question the merits of its artificial intelligence spending plans.

The selling frenzy around Amazon is tied to the company's fourth-quarter earnings report released earlier this month.