Amazon's stock is expected to rise about 27% over the next 12 months, driven by AWS's fastest growth in 18 quarters, with revenue up 37% to $42.23 billion. CEO Andy Jassy highlighted strong AI and chip business growth, with AWS backlog reaching $496 billion. However, high capital expenditures of around $200 billion in 2026 and negative free cash flow pose risks. Analysts remain bullish, seeing potential for AWS to become a trillion-dollar revenue business, with a price target of $338.72 reflecting confidence in continued growth despite spending pressures.
The U.S. Department of Justice has broadened its antitrust investigation into beef prices to include eight major grocery retailers: Kroger, Publix, Walmart, Albertsons, Aldi, Ahold Delhaize, Costco, and Amazon. This follows an earlier probe into the ...
Amazon introduced a new AI feature in its Alexa for Shopping assistant called "Update Me When," which sends personalized notifications about new or relevant events that could prompt purchases. This feature helps users track product launches, TV show ...
Big Tech companies have invested roughly $1 trillion in AI infrastructure, but the financial impact is spread over years through depreciation rather than immediate expense. This means while cash outflows are large now, the cost hits profit margins gr...
The rapid buildout of AI infrastructure in the US, a major driver of recent economic growth, is encountering significant challenges. These include strong local opposition, limited access to electricity and water, and soaring construction costs. Major...
Waymo has expanded its commercial driverless ride service to Denver, San Diego, and Tampa, marking its first operations in Colorado. Amazon's Zoox plans to start testing its autonomous vehicles with human supervisors in Houston and San Diego, aiming ...
