Page 2984 of 9001
AMZN earnings call for the period ending March 31, 2024...
Continue Reading
If you need to buy an equity large-cap index, DIA is likely to outperform with the benefit of its methodology for stock selection. Click here for a detailed analysis...
Continue ReadingAWS posted its best revenue growth since 2022, as tens of thousands of companies try Amazon's generative AI tools...
Continue ReadingAmazon touts benefits of regional fulfillment and delivery model to help drive its first-quarter revenue to $143 billion. The post Amazon reports $143B in Q1 revenue, topping Wall Street expectations appeared first on FreightWaves...
Continue Reading
Three of the Wall Street's heavyweight technology firms have reported better-than-expected sales at their cloud computing units in recent days, as interest in artificial intelligence drives a rebound in spending by corporate customers. Growth in the $270 billion cloud infrastructure market, a cash engine for Amazon.com, Microsoft and Alphabet, gives the clearest sign yet that AI investment is bearing fruit after investors drove those stocks to record highs, thanks to optimism about the emerging technology. Many big customers have started spending again on cloud computing after pausing last year to cut costs, executives and analysts said...
Continue ReadingIn a sign of trouble for Apple iPhone business, the chip maker Skyworks Solutions provided a warning to investors about softening demand for smartphones. Skyworks makes analog and mixed-signal chips used by Apple and other handset makers. Skyworks in its September 2023 fiscal year generated 66% of revenue from a single customer—Apple...
Continue ReadingA federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error. Writing for a three-judge panel, U.S. Circuit Judge Edith Jones said AT&T, one of BMC's biggest clients, had switched to IBM software "independently" and that BMC had "lost out to IBM fair and square."...
Continue ReadingAmazon (AMZN) delivered earnings and revenue surprises of 36.14% and 0.55%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?...
Continue ReadingTikTok may be routing around the App Store to save money on commissions. According to new findings, the ByteDance-owned social video app is presenting some of its users with a link to a website for purchasing the coins used for tipping digital creators. Typically, these coins are bought via in-app purchase, which requires a 30% commission paid to Apple. The feature may be hidden from most users, either by design or because it's only shown to users in a specific group, like testers or high spende...
Continue ReadingAmazon.com reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping the company continue to shake off last year’s post-pandemic slump...
Continue Reading