Tag AMZN

SoFi Technologies posts a narrower-than-expected second-quarter loss and raises guidance, New Relic is being acquired, Nikola receives a large order, and Palantir shares continue their rally.Read the .....

As Amazon and Apple are due to report earnings later this week, investors remain bullish on tech stock trades. Edward Jones Senior Investment Strategist Mona Mahajan breaks down the biggest takeaways from tech earnings this quarter, calling the "secular bull market in generative AI" as a speculative "cherry on top" to tech valuations. Mahajan goes on to evaluate core themes in the tech sector, outlining the importance of small-cap stock exposures while tech leadership may continue to broaden out...

Amazon and Walmart are locked in a battle for U.S. e-commerce and consumers wanting instant gratification are the winners...

Artificial intelligence (AI) is already beginning to reshape the world in which we live. Demand for the cutting-edge technology is expected to explode in the coming years, with the AI market topping $1.8 trillion by 2030, according to Statista. Amazon.com (NASDAQ: AMZN) intends to capture its share of this booming market...

SEATTLE, July 31, 2023--Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Sumitomo Corporation, a leading trading and investment conglomerate that operates 900 companies in 66 countries, is using AWS to power its digital transformation. As part of the multiyear initiative, Sumitomo Corporation will migrate its SAP environments to AWS and use a platform built on the world’s leading cloud provider to make data-driven business decisions, automate proc...