Amazon Has Badly Underperformed the S&P 500 and Nasdaq-100 Since Jeff Bezos Stepped Down as CEO. Could Apple Do the Same Starting Sept. 1 When Tim Cook Steps Down?
Tim Cook has set Apple's course at a pivotal time, and now he's walking away.
Overview
Artificial intelligence is changing the landscape in the technology sector. So, as Tim Cook gets set to retire from the CEO spot at Apple (NASDAQ: AAPL) on Sept. 1, investors should probably anticipate some change. But will the stock's performance follow the trend set by Amazon (NASDAQ: AMZN), which has underperformed since Jeff Bezos stepped down as CEO?
Image source: Apple.
Jeff Bezos helped turn Amazon into an industry-leading technology company, taking it from an e-commerce disruptor selling books to a diversified technology services company. There's no question that he was an important figure at the company. However, he stepped down as CEO in mid-2021. Since that point, Amazon's stock has been a laggard.
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Originally published at www.fool.com.