Did Bezos Really Leave Jassy Holding the Bag?

Andy Jassy became CEO of Amazon on July 5th, 2021, taking over for the great Jeff Bezos. The move came several months before shares of AMZN would top out for the next few years and not print new highs until mid-2024. That said, we know Amazon has since made a series of new highs into early-November 2025 before cooling off. 

Still, I cannot help but think that the broad market liquidity bonanza helped Amazon float higher and distract from the notion that Bezos, in his infinite brilliance, may have stepped aside as CEO at a general point in time when things would be as good as it gets for Amazon. The firm reports earnings tonight, and is the last major Magnificent 7 name to report this season until the end of the month when NVDA reports on the 25th.

Clearly, significant portions of the tech sector are deteriorating, be it Palantir, Bitcoin and Bitcoin proxies like MSTR, software at-large, among others. Much like GOOGL last evening, which wound up being a win for volatility sellers, Amazon likely needs to smash higher for a massive move in order to offset the internal damage in the Nasdaq. 

But on the monthly chart, below, we can see a year-long bearish RSI (bottom pane) divergence to price having played out beginning in late-2024 through the November 2025 highs. Jassy is going to have to need to turn in a massive win to cement his own legacy and, more importantly in the present moment, keep the bull view alive that this recent market turmoil is only a mere buyable dip.