Stock Market Impact

Jeff Bezos’ Wealth Plummets by $21 Billion as Amazon’s AI Investment Plans Trigger Stock Decline

Jeff Bezos, the founder of Amazon, experienced a significant drop in his wealth by over $21 billion after Amazon.com Inc. announced plans to invest heavily in artificial intelligence, raising concerns among investors about short-term profitability. On Friday, Amazon's shares fell by as much as 13%, reducing Bezos' net worth to...