Amazon’s $470B Market Cap Loss Sparks $200B AI Cloud Upgrade Race with Microsoft
Amazon’s shares have lost $470 billion in market cap after a nine-day losing streak, driving its Relative Strength Index down to an extreme low of 23. The company has committed $200 billion to AI-driven data center upgrades, intensifying the compute-power arms race with Microsoft and other hyperscalers.
1. Amazon Market Cap Slide and RSI Signal
Amazon’s share price fell for nine straight sessions, erasing $470 billion in market cap and pushing its 14-day Relative Strength Index to 23—its lowest reading since 2006—indicating an oversold condition that historically precedes short-term rallies.
2. $200B AI Capex and Cloud Arms Race
The company plans to invest $200 billion in AI-driven data center upgrades this year, joining Google and Microsoft in a $625 billion hyperscaler spending spree to deploy Nvidia chips, liquid-cooled servers and high-bandwidth infrastructure for a rapidly expanding AI market.