Amazon appointed Kevin Mandia, founder and former CEO of cybersecurity firm Mandiant, to its board of directors. Mandia, recognized for his expertise in combating cyber threats, sold Mandiant to Google for $5.4 billion in 2022 and recently launched an AI-focused cybersecurity startup, Armadin. His addition comes as companies face increasing cybersecurity risks linked to artificial intelligence advancements. Amazon values Mandia's experience in defending complex organizations and investing in security innovation, signaling a strategic move to strengthen its cybersecurity posture.
AT&T announced it will be the first major U.S. telecom to offer Amazon's Leo satellite broadband as part of a managed service bundled with its fiber and 5G networks, targeting enterprise and public-sector customers. This deal positions AT&T as the an...
Amazon and Oracle reported record cloud backlogs but are facing negative free cash flow due to massive investments in AI data centers. Oracle plans $70 billion in capital expenditures for FY2027, funded by $40 billion in new debt and equity, while Am...
Jim Cramer urges buying the Magnificent Seven stocks ahead of AI profits, but market strategist Lo Toney highlights a split: hyperscalers like Google, Microsoft, and Amazon investing heavily in AI infrastructure are trailing the S&P 500, while NVIDIA...
Amazon reported a 19.6% year-over-year revenue increase with expanding profit margins, mainly driven by its AWS segment which now accounts for over 60% of segment profits. Despite some pricing declines, AWS margins are rising. The company is investin...
Nvidia's top insider, Director Mark Stevens, sold nearly $650 million worth of shares in two transactions, including the largest insider sale of the decade for Nvidia. This insider selling is part of a broader trend among big tech companies like Micr...
