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Last night, the world's biggest company by market reported its latest financial results. Investors were on the edge of their seats as Apple Inc announced earnings – but so were the world markets.
Amazon plans to significantly increase capital expenditures in 2024 to support its AWS cloud unit's growth. The company is generating more than enough free cash flow to fund the higher spending.
Red-hot artificial intelligence (AI) companies Palantir and Amazon saw their share prices soar 191% and 77%, respectively, over the past year. Palantir is a recognized leader in AI/ML platforms, and management noted unprecedented demand for its new AIP product in the fourth quarter.
The ageless Dow Jones Industrial Average has been one of Wall Street's most-watched health barometers for well over a century. A 5% pullback in the Dow means bargains abound for opportunistic investors willing to seek them out.
As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands. Walmart announced Tuesday (April 30) the launch of bettergoods, its largest private-brand food rollout in two decades, promising low-priced, “chef-inspired” items ranging from chicken wings to nut butter.
Adam Selipsky, AWS CEO, joins 'Closing Bell Overtime' to talk Amazon's quarterly results, the integration of generative AI.
Following Amazon's first-quarter earnings report, Morgan Stanley bumped its price target slightly to $220. Amazon continues to show stable revenue growth while driving improving cost efficiencies in retail.
The bill seeks to regulate productivity quotas used by warehouse employers including Amazon.
Andy Jassy said employees in a union would ‘find it harder to get things done quickly and would be better off' without one
Amazon's AI focus involves chips (Trainium & Inferentia), services (Bedrock), and providing third-party app development, securing a full-stack approach. In line with its historical strategy, Amazon is continuing to prioritize its long-term growth over short-term profits with AI, investing heavily in R&D and capex for durable infrastructure. Amazon's valuation is higher than its dominant peers, but this is warranted due to its longer-term approach indicated by expenditures relative to market cap.