Elon Musk suggested the possibility of starting a competitor to Amazon after reports that Amazon was blocking AI bots from placing orders. SpaceX, now public, posted strong revenue growth, particularly in AI, and holds substantial cash reserves, positioning it well for new ventures. Amazon is also expanding into AI and satellite technology, increasing competition between the two tech giants. Investors should watch for developments in Musk's potential commerce product and SpaceX's acquisition of Cursor.
Amazon shares dropped 4.08% to USD 251.67, while SpaceX shares fell 6.86% to USD 148.35 on Pluang. The typical hold time for Amazon is 128 days compared to 44 days for SpaceX, indicating different investor behaviors. These figures are as of Oct 23, 2026 00:02 WIB.
Billionaire hedge fund manager Ken Griffin calls the current AI investment surge a bubble due to speculative excess and uncertain future demand. Despite his warning, his firm Citadel holds about $8.6 billion in major AI-related stocks including Amazo...
Amazon.com, Inc. is set to release its Q3 earnings on October 29 amid growing investor concerns about its increasing spending on AI infrastructure and the visibility of returns from these investments. While Amazon Web Services (AWS) continues to show...
SpaceX CEO Elon Musk ordered speed limits on Starshield satellite internet service in Ukraine, disrupting military drone operations and delaying missions. This move raised national security concerns and prompted U.S. lawmakers to call for investigati...
The S&P 500 has risen 12.6% year-to-date, outperforming typical midterm election years, driven mainly by AI-related spending benefiting major tech firms like Nvidia, Microsoft, and Amazon. Despite a likely post-election rally, challenges such as a 5....
Webull has introduced extended-hours trading for select single-stock and ETF options, allowing eligible U.S. customers to trade during pre-market (7:30 a.m. to 9:25 a.m. ET) and post-market (4:00 p.m. to 4:15 p.m. ET) sessions. This move enables trad...
