00:00It's Benzinga bringing Wall Street to Main Street.
00:02Amazon endured a nine-day losing streak, its longest since 2006, erasing $400 billion in
00:09market value, according to Benzinga. Shares fell 18.19% during the stretch and 12.23%
00:16year-to-date. The sell-off followed concerns over large AI infrastructure capital expenditure
00:21targets. Futurum chief research officer David Nicholson told Schwab Network that nothing has
00:27changed and called the reaction psychological rather than structural. He said investors are
00:32anxious about the timeline for AI returns and described the market as a game of chicken between
00:37big tech and Wall Street. Nicholson said enterprise clients remain risk-averse and argued Salesforce
00:43and ServiceNow are insulated as trusted platforms. He dismissed fears that AI will immediately displace
00:49established software providers. For all things money, visit Benzinga.com.
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