Amazon

NASDAQ-listed Seattle-based e-commerce and cloud computing multinational operating globally with AWS as a major business division.

"Ecommerce companies declined partly due to AI disintermediation fears, with Amazon and the emerging market duo of Coupang and Sea Limited all down heavily. In an unlikely future where all customer orders originate via AI platforms like ChatGPT, the strong physical moats that allow these companies to fulfil orders at the lowest cost and in the shortest time should become increasingly important, leading to outsized market share gains."