The share price fell 8%, bucking the market trend , sources : Bloomberg and Reuters below.
But also Financial Times : Big Tech’s ‘staggering’ $660bn spending reignites fears about artificial intelligence bubble. Stocks tumble despite solid earnings reports from most SiliconValley heavyweights
On Friday, the tech-heavy Nasdaq Composite index recovered 2.2%, narrowing its weekly loss to 1.8%.
Amazon still holds 30% of the cloud market, its ‘golden goose’ (Le Monde) but is closing all its experimental tech food shops (Amazon Fresh, Amazon Go etc.). Only the Whole Foods chain, acquired in 2017, will remain).
