Amazon shares are expected to rise over 29% in the next 12 months, supported by a Bank of America analyst's 'Buy' rating and a $310 price target. The company recently announced a 20% price increase for its AWS EC2 capacity blocks, which is projected to add 1-2 percentage points to AWS growth in the second half of the year. Additionally, strong momentum from AI-related partnerships, including OpenAI and Anthropic commitments on AWS, are key drivers for Amazon's growth. Currently trading around $239.6, Amazon's market cap stands at $2.58 trillion, with bullish forecasts likely to boost investor confidence further.
US equity markets show signs of speculative excess with record margin debt at $1.4 trillion and leveraged ETF assets at $198 billion. The tech-heavy Nasdaq experienced its largest weekly drop since April 2025, reflecting a pullback in the most specul...
Gold mining stocks like GDX, NEM, B, and HL are expected to rebound in July due to lower energy costs and gold being oversold. Meanwhile, major AI-focused tech companies such as MSFT, META, AMZN, and ORCL are under pressure from rising AI infrastruct...
Amazon Web Services (AWS) has created a new internal team of AI-focused forward-deployed engineers (FDEs) to help companies implement AI solutions quickly and build lasting AI capabilities. This $1 billion initiative aims to embed engineers within cl...
The combined value of the Magnificent 7 tech giants—Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon—has dropped by about $2.3 trillion in June due to investor worries over their massive AI infrastructure investments. These companies are h...
Australia's competition watchdog ACCC has taken Amazon's Australian unit to court, alleging unfair contract terms that forced over a million annual Prime subscribers to accept ads on Prime Video or pay extra for an ad-free option. The ACCC claims Ama...
