Bank of America analyst Justin Post reaffirmed a Buy rating on Amazon stock, citing strong growth in Amazon Web Services (AWS) sales and raised revenue and earnings estimates for Q2 2026. The bank lifted its AWS sales growth forecast to 33% year-over-year and expects AWS operating margins to expand, driven by demand for AI-related services like Anthropic and OpenAI models. Despite potential headwinds such as increased capital expenditures and rising stock-based compensation costs, the overall outlook remains positive ahead of Amazon's Q2 earnings call on July 30. Analyst consensus also supports this bullish view, with an average 12-month price target near $319, indicating about 30% upside.
Major tech companies like Google, Amazon, and Meta are strengthening partnerships with battery storage suppliers to support AI operations and energy infrastructure. This move reflects growing confidence in battery storage as essential for AI data cen...
Amazon has reduced staff in its artificial general intelligence (AGI) group as part of a strategic shift to concentrate on core initiatives like AI models, silicon development, and quantum computing. This follows the integration of the AGI team into ...
Amazon has laid off some employees in its artificial general intelligence (AGI) unit as part of a broader effort to focus on key AI initiatives while continuing to invest heavily in AI technology. The company did not disclose the number of layoffs or...
WellSpan Health has completed a major technology migration, moving over 300 clinical applications and 7.5 petabytes of data, including its full Epic EMR system, to Amazon Web Services (AWS) in just 17 weeks. This migration consolidates diverse clinic...
Alphabet and other major hyperscalers are under close watch as their Q2 earnings reports reveal how well they manage capital expenditures (capex) against returns on investment (ROI). Capex for hyperscalers is expected to hit around $750 billion by 20...
