Amazon Shares Lag Behind in Stock Market Obsessed With AI

The article discusses how Amazon's stock has been lagging behind the broader market, which has been captivated by the hype surrounding artificial intelligence (AI). While tech giants like Alphabet, Microsoft, and Meta have seen their stock prices surge due to their investments in AI, Amazon's shares have not kept pace. The article suggests that Amazon's focus on e-commerce, cloud computing, and logistics has made it less attractive to investors who are currently more interested in the potential of AI. Additionally, the company's recent struggles, including slowing growth and increasing costs, have contributed to its underperformance in the stock market. The article also notes that Amazon's CEO, Andy Jassy, has acknowledged the company's need to adapt to the changing market conditions and has vowed to prioritize cost-cutting measures to improve profitability. Overall, the article highlights the current market dynamics, where investors are increasingly drawn to companies with strong AI capabilities, and how Amazon's different business focus has resulted in its stock lagging behind its peers.