AWS

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) reported second-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Amazon reported second-quarter net sales of $148 billion, up 10% year-over-year. The net sales missed a Street consensus estimate of $...

Meta Platforms Inc. (NASDAQ:META) is collaborating with tech giants NVIDIA Corp. (NASDAQ:NVDA), Amazon.com Inc (NASDAQ:AMZN) Web Services (AWS), Alphabet Inc.‘s (NASDAQ:GOOG), (NASDAQ:GOOGL) Google Cloud and Microsoft Corp. (NASDAQ:MSFT) Azure to advance its open-source Llama AI model. What...

JMP Securities analyst Nicholas Jones rated Amazon.com Inc (NASDAQ:AMZN) shares with Market Perform and a price target of $225. Jones noted that Microsoft Corp’s (NASDAQ:MSFT) Azure and other cloud services revenue missed consensus expectations by 1.5%. Conversely, Alphabet Inc (NASDAQ:GOOG...

Analysts at Wedbush Securities have sounded an optimistic note about Amazon.com Inc.’s (NASDAQ:AMZN) prospects, thanks to its performance in the retail segment. They are also bullish on Amazon’s rising operating margins, growth of the Amazon Web Services business, and AI monetization....

Multiple analysts have weighed in on Amazon.com Inc (NASDAQ:AMZN) stock this week as the e-commerce giant’s annual Prime Day event gets rolling. The consensus view is that Amazon is positioned for further upside heading into earnings. AWS Growth: Wolfe Research analyst Shweta Khajuria...

Amazon.com Inc (NASDAQ:AMZN) showcased its generative AI (GenAI) prowess at the AWS NYC Summit on Wednesday, captivating attendees. According to insights from JPMorgan analyst Doug Anmuth published on the same day as the event, Amazon is positioning itself as a frontrunner in the AI race,...

Australia’s top-secret intelligence data will be migrated to the cloud under a $2 billion deal with Amazon.com Inc‘s (NASDAQ:AMZN) cloud service Amazon Web Services. This decision is expected to enhance the country’s defense force interoperability with the United States. What...

A new report from Bank of America highlights over 100 catalysts for the second half of 2024. It gives investors key events and stocks to focus on as major indexes trade near all-time highs. What Happened: As analysts look to set new price targets on market indices for the second half of the year,...

A conference hosted by Amazon.com Inc. (NASDAQ:AMZN) was disrupted by protesters demanding the termination of a $1.2 billion contract with the Israeli government. The e-commerce giant shares the contract with Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google. What Happened: The...

Amazon.com Inc. (NASDAQ:AMZN) disclosed its plan to invest billions of dollars in Taiwan over the next 15 years. The investment aims to establish data centers, further expanding the company’s global footprint in Asia to meet the region’s increasing demand for cloud services. What...

Amazon.com Inc‘s (NASDAQ:AMZN) web services division plans to inject €15.7 billion (US$17.02 billion) into establishing facilities in Spain. What Happened: Amazon Web Services will expand in Spain’s northeastern Aragon region, reported Reuters. The initiative supplants a prior...

Amazon.com Inc. (NASDAQ:AMZN) has announced a $9 billion investment in expanding its cloud computing infrastructure in Singapore. This decision comes as part of a broader trend of global tech companies increasing their presence in Southeast Asia. What Happened: The $9 billion investment will be...

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) reported first-quarter financial results that saw revenue and earnings per share beat estimates from analysts. Analysts react to the report and updated guidance from the company. The Amazon Analysts: Bank of America analyst Justin Post had a Buy rating...

Like Meta Platforms (NASDAQ: META), Snap Inc (NYSE: SNAP) and Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL),  Amazon.com Inc (NASDAQ: AMZN) reported better-than-expected quarterly results, with stronger than expected revenue being the result of the improvements on the ad business...

Amazon.com Inc. (NASDAQ:AMZN) announced that its generative AI business has reached a "multibillion-dollar" revenue run rate, during the post-Q1 earnings call on Tuesday. What Happened: Amazon CEO Andy Jassy revealed the significant achievement during the company’s Q1 2024 earnings call. The...