Amazon's stock is projected to rise about 31.7% to $341.77, driven by its AWS segment growing at the fastest pace in over four years and a strong AI backlog reshaping earnings. Q2 fiscal 2026 results showed revenue up nearly 20% and operating income up 43%, with AWS revenue growing 37%. The company’s AI and cloud infrastructure investments, including a $496 billion AWS backlog and expanding advertising business, support a bullish outlook. Risks include high capital expenditures and rising debt, but the overall risk/reward remains favorable if AWS growth and margins hold.
IBM achieved a key milestone by linking and cooling two cryogenic modules, moving closer to a fault-tolerant quantum computer with plans for 1,000 qubits next year. Target reported strong Q2 results, surpassing earnings and sales expectations despite...
Also, a micromobility startup spun out of Rivian, has raised an additional $150 million in a Series D funding round led by Prysm Capital. The company plans to use the new capital to accelerate development of its autonomous driving technology and expa...
Amazon announced that its AI assistant, Alexa+, will be automatically available for free on all compatible Fire TV devices in the US, regardless of Prime membership. This update adds conversational search, smart home controls, and AI-driven recommend...
Amazon announced plans to expand its Prime Air drone delivery service to nearly 500 U.S. cities by the end of 2026, increasing its current reach sixfold. The expansion includes launching in 11 new locations soon, despite past drone incidents, with a ...
Amazon announced it will expand its Prime Air drone delivery service to nearly 500 U.S. cities and towns by the end of 2026, a sixfold increase from current coverage. The service delivers packages weighing up to 5 pounds in as fast as 30 minutes, tar...
