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.
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.