AWS

On Tuesday, Amazon.com, Inc. (NASDAQ:AMZN) announced plans to invest $11 billion in Georgia through its cloud division, Amazon Web Services. What Happened: This investment aims to bolster infrastructure for cloud computing and artificial intelligence technologies. With the investment in Butts and...

SonarX announced on Wednesday that it has partnered with Amazon.com, Inc.'s (NASDAQ:AMZN) Amazon Web Services, along with the teams at Base, Arbitrum, Provenance Blockchain, Aptos, and Ripple, to bring its indexed on-chain datasets to AWS's Open Data program.  The Details: SonarX will provide...

Last week, Amazon.com, Inc. (NASDAQ:AMZN) deepened its partnership with Anthropic through an additional $4 billion investment, bringing Amazon's total investment in the artificial intelligence research and development company to $8 billion.   The Details: As part of the investment, Anthropic has...

New polls of Benzinga readers show they don't think the Department of Justice should break up Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) or target other Magnificent 7 stocks. What Happened: A recent investigation by the Department of Justice found prosecutors telling Alphabet it needs to divest the...

Amazon.com Inc (NASDAQ:AMZN) analysts see strength in AWS, retail and advertising after the company’s third-quarter results. The Amazon Analysts: Bank of America analyst Justin Post reiterated a Buy rating on Amazon and raised the price target from $210 to $230. Wedbush analyst Scott Devitt...

During the third-quarter earnings call, Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy underscored the company’s dedication to its in-house silicon development, despite acknowledging a “deep partnership” with Nvidia Corporation (NASDAQ:NVDA). What Happened: On Thursday, Jassy...

Amazon.com Inc (NASDAQ:AMZN) reported third-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion,...

Amazon.com Inc (NASDAQ:AMZN) could show off the strength of its AWS cloud segment when it reports third-quarter financial results after market close Thursday. Earnings Estimates: Analysts expect the Seattle-based company to report third-quarter revenue of $157.19 billion. That’s up from last...

Amazon.com Inc’s (NASDAQ:AMZN) AWS unit CEO, Matt Garman, has staunchly defended the company’s contentious new five-day in-office policy, suggesting that those who oppose it may consider other employment options. What Happened: According to a Reuters report on Thursday, Garman...

Goldman Sachs analyst Eric Sheridan expects Amazon.com, Inc. (NASDAQ:AMZN) to report a solid mix of revenue growth and operating margin expansion when the company releases its third-quarter financial results later this month. The Details: Sheridan said Amazon should report relatively stable e-...

Amazon.com, Inc.’s (NASDAQ:AMZN) cloud computing platform, Amazon Web Services CEO Matt Garman disclosed that the company had been delving into generative AI long before it became a widely accepted concept. What Happened: During an interview with TechCrunch that was published on...

Years ago, President Trump talked about a change in tax rates that he described as “big league”. It was misinterpreted as “bigly” and a new word entered the lexicon. Last week, the Fed pivoted and cut the fed funds rate. This cut was more than two years after Fed doves and...

Amazon.com Inc (NASDAQ:AMZN) has strong positions in both e-commerce and cloud, according to an analyst who projects more runway in both segments, with artificial intelligence helping to power the AWS cloud business line. The Amazon Analyst: Cantor Fitzgerald analyst Deepak Mathivanan initiated...

State-linked Chinese entities are reportedly using cloud services from Amazon.com Inc. (NASDAQ:AMZN) and other providers to bypass U.S. export restrictions and access advanced Nvidia Corp. (NASDAQ:NVDA) chips and artificial intelligence capabilities. What Happened: U.S. export restrictions were...

Amazon.com Inc. (NASDAQ:AMZN) is making significant strides in the artificial intelligence sector, as revealed in its recent earnings call. The company’s CEO, Andy Jassy, highlighted its multi-faceted AI approach and the potential impact on the market. What Happened: Jassy emphasized Amazon...