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Amazon chief executive Andy Jassy on Thursday justified the company's billions of dollars in outlays for artificial intelligence development, saying the investment was necessary to remain competitive. "If your mission is to make customers' lives better and easier every day, and you believe every customer experience will be reinvented by AI, you're going to invest deeply and broadly in AI," Jassy wrote in his letter to shareholders, an annual rite of passage for the top boss at the Seattle retailer. He said substantial capital investment is necessary to obtain AI chips and build data centers...

Amazon (AMZN) sellers in China are preparing for a steep price increase or a strategic shift away fr...

It can be discouraging to see your stocks suddenly drop in value, but stock prices don't always match up with a company's long-term value. Warren Buffett made his fortune by investing in companies when they were selling at discounted prices to what they were ultimately worth. History has shown repeatedly that investors get their best returns buying shares of quality companies during bear markets...

The stock market has crashed, but that hasn't prompted famous investor Cathie Wood to flee. Instead, the chief executive officer of Ark Invest is shopping for bargains as many innovators -- the type of companies she favors -- have seen their valuations plunge. Wood is known for going against the crowd and making long-term bets on potential future winners...