Tag AMZN

Marvell Technology's strong Q2 results and ambitious AI revenue targets signal significant growth potential. See why I reiterate my buy rating on MRVL stock...

US regulators rejected a deal that would have allowed Amazon's (AMZN) cloud business, Amazon Web Services (AWS), to buy power from Talen Energy (TLN) for its data centers. The decision comes as Big Tech companies have turned to nuclear energy to power their artificial intelligence (AI) data centers, stoking some worries about the recent rally in nuclear energy stocks. ClearView Energy Partners managing director Timothy Fox joins Asking for a Trend Host Josh Lipton to discuss what the news means for Big Tech's nuclear push. "Ultimately, we think the Federal Energy Regulatory [Commission] decision is a short-term setback for generators that wish to co-locate their load or co-locate their power with a data center and also a setback for the data center developers. But the order may not represent a long-term risk. It's more that FERC may have punted or didn't want to set a precedent about co-location." Fox outlines, "Regulators are concerned about three things. They're concerned about reliability, taking in existing large nuclear power plants offline. Does that create reliability risks? They're also concerned about ratepayers. Do existing ratepayers have to pay some unfair portion of the cost of upgrading the grid to accommodate a new data center? And then also the third concern is policy. Does the influx of new data centers create a concern about being able to meet state or local decarbonization policies?" To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan...

(Reuters) -Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force attrition or satisfy city leaders, as many employees have suggested. The controversial plan mandating workers come to Amazon offices every day starting next year, up from three days now, has caused consternation among employees who say it is stricter than other tech companies and will hinder efficiency because of commuting times. "A number of people I've seen theorized that the reason we were doing this is, it's a backdoor layoff, or we made some sort of deal with city or cities," said Jassy, according to a transcript of the meeting reviewed by Reuters...

The e-commerce company’s Mk30 drone has received approval from the FAA to begin operations to customers...

A few months after ending its drone-based delivery program, Prime Air, in California, Amazon says that it's begun making deliveries to select customers via drone in Phoenix, Arizona. Starting today, Amazon customers in the West Valley Phoenix Metro Area have access to a drone-deliverable selection from Amazon's catalog, including household, beauty, office, health, and tech supplies. Products must weigh five pounds or less to be eligible; Amazon says about 50,000 are available at launch. Customer...

Amazon (AMZN) is well positioned to outperform the market, as it exhibits above-average growth in financials...

Palantir's intrinsic EV is estimated at $46.06b, indicating a 49% negative margin of safety from its current EV of $90.23b. Learn more about PLTR stock here...