UBS has reduced its price target for Amazon to $305 from $333 ahead of the company's Q2 2026 earnings report, while maintaining a 'Buy' rating. The price target cut reflects expectations of higher capital expenditures due to rising component costs and infrastructure demand. UBS adjusted near-term AWS revenue forecasts after shifting some revenue from late 2026 to early 2027, but remains bullish on AWS growth, forecasting 36% revenue growth in 2026 and 48% in 2027, well above consensus. UBS also expects improving e-commerce margins and highlights Amazon's Prime Video advertising potential, seeing upside in Amazon's valuation and operating income outlook for 2027.
Amazon CEO Andy Jassy has sold $25 billion in bonds to finance the company's expansion of AI data centers. This move is part of Amazon's broader commitment to invest $200 billion in capital expenditures throughout 2026. The bond sale highlights Amazo...
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
Meta Platforms faces a critical Q2 earnings report after a nine-day stock slide and is trading below key moving averages, with investors watching for updates on AI advertising and spending. Microsoft also reports, with focus on Azure growth, Copilot ...
The Trump administration, via the Federal Aviation Administration (FAA), proposed a rule to waive certain environmental laws to accelerate the approval process for commercial space rocket launches and reentries. This move aims to benefit companies li...
Amazon is shifting its AI strategy by winding down most Nova models to prioritize a new frontier model led by Pieter Abbeel, with a debut expected at the re:Invent conference. Corning reported mixed guidance with Q3 revenue below expectations despite...
