Amazon's 12th annual Prime Day, running June 23-26, is projected to generate about $21.6 billion in sales, a 5% increase from last year, according to Bank of America. The event features millions of deals across 35+ categories and highlights Amazon's AI-powered Alexa for Shopping, which offers personalized recommendations and price alerts. This AI tool is expected to boost customer engagement and sales, potentially adding $200 billion in GMV by 2035. Bank of America maintains a 'Buy' rating on Amazon, expecting strong Q2 revenue and emphasizing Prime Day's role in strengthening Amazon's market share despite competition.
Amazon is expanding its AI chip strategy by planning to sell its custom Trainium AI chips outside of Amazon Web Services (AWS), targeting third-party data centers. This move aims to compete with NVIDIA in the AI infrastructure market and meets growin...
Amazon Web Services (AWS) is considering selling its AI chip, Trainium, to other companies, potentially creating a $50 billion competitor to Nvidia in the AI chip market. This move follows CEO Andy Jassy's statement about the high demand for AWS's ho...
Amazon is testing a new system called Full Facility Load Balancing (FFLB) to optimize worker movement in its robot-assisted warehouses. The system reallocates staff every three minutes based on workload changes, potentially saving nearly 7 million la...
Goldman Sachs warns that the $770 billion capital expenditure planned by major tech companies for AI in 2026 will increase their asset intensity and depreciation costs, squeezing profit margins. This surge in spending forces traditionally asset-light...
Goldman Sachs projects that capital expenditures (capex) by major hyperscalers like Alphabet, Amazon, Meta, Microsoft, and Oracle could reach $1.1 trillion by fiscal year 2027, driven largely by AI data center buildouts. Oracle alone forecasts up to ...
