Tag AMZN
Asian stock markets presented a mixed bag on Friday, with falls in China and gains in Japan and South Korea coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon.Amazon also reported earnings that were better than expected, driven by surging demand for its cloud computing services...
Continue Reading
Amazon reported higher sales and earnings for the third quarter, and it was boosted by its fast-growing web services business.View on euronews...
Continue ReadingSTORY: Big Tech keeps beating forecasts, with Apple and Amazon the latest to post blockbuster numbers. :: FileApple is heading into the holiday quarter with a strong forecast, as CEO Tim Cook says demand for the iPhone 17 is driving sales and revenue expectations past Wall Street estimates.Speaking to Reuters, he predicted double-digit sales growth for the phones this quarter, and up to a 12% jump in overall revenue.That's despite ongoing supply issues and delays in shipping new models to China that hurt iPhone sales last quarter.The company made up for that with strong demand for other products including AI-powered AirPods, and profits still topped expectations.Apple shares rose 3.7% in after-hours trading on Thursday.Its latest results show that the biggest concerns investors had, like U.S.-China tensions and slow AI rollout, were less of a drag than the challenge of producing and shipping millions of devices.Cook said Apple is still working to resolve some of the supply constraints.:: FileAmazon also beat expectations. Cloud revenue there grew at its fastest pace in nearly three years, helping the e-commerce titan forecast stronger quarterly salesThat sent its shares up 14% in after-hours trading, adding some $330 billion to Amazon's value. The company says demand for AI services is surging, and it’s planning to ramp up spending next year, with capital expenditure already nearing $90 billion so far in 2025, mostly on AI projects. Strong cloud demand is helping the firm offset slower growth in its e-commerce business, which is preparing for the holiday rush amid shaky consumer confidence and global trade uncertainty...
Continue ReadingCloud computing and online retail behemoth Amazon (NASDAQ:AMZN) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 13.4% year on year to $180.2 billion. The company expects next quarter’s revenue to be around $209.5 billion, close to analysts’ estimates. Its GAAP profit of $1.95 per share was 25.4% above analysts’ consensus estimates...
Continue Reading
2025-10-31. The following slide deck was published by Amazon.com, Inc...
Continue ReadingAmazon.com Inc (AMZN) reports a 12% revenue increase and significant advancements in AI and robotics amidst challenges in operating income...
Continue ReadingTech futures rose on Amazon, Apple and other earnings winners late after Meta led stocks lower Thursday...
Continue ReadingAmazon.com Inc.'s (NASDAQ:AMZN) massive artificial intelligence push took a major step forward as its Project Rainier supercomputer, powered by nearly 500,000 Trainium2 chips, officially went live. The new Rainier system marks a turning point for .....
Continue ReadingAlphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently talked about. Highlighting the reason behind the Charitable Trust’s decision to keep AMZN, Cramer expressed regret over selling Alphabet stock at the wrong time. He said: “See, look at the action in Alphabet. Have you seen it? Earlier this year, concerned about Justice Department’s […]...
Continue ReadingAmazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently talked about. Cramer discussed the company in detail during the episode and said: “First, the Chaitable Trust takes a long-term view, longer than the periods that Andy Jassy took over as CEO after running the incredibly successful Amazon Web Services… I make it clear […]...
Continue Reading