• Not_mikey@lemmy.dbzer0.com
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    1 day ago

    Consumer cyclical companies, ones that sell stuff people buy when the market is good and hold off when things are bad, are relatively stable, only down 1.3% in the past 3 months compared to Amazon which is down 15% on he last 3 months. Amazons main cash cow at this point is AWS, so this drop is probably reflective of a lack of demand for compute for AI that was expected by the investors.