A U.S. appeals court overturned a temporary ban that prevented Perplexity's AI shopping agents from accessing Amazon's platform. Amazon had claimed the AI violated federal hacking laws, but the court ruled that it was Perplexity's users, not the company itself, who accessed Amazon, making Amazon's claim unlikely to succeed. This ruling is significant as it is the first federal appeals court decision addressing the legality of AI agents acting on behalf of users to access online platforms. Both companies remain firm, with Perplexity committed to user choice in AI tools and Amazon considering its next legal steps.
Amazon's AWS segment growth accelerated to 37%, its fastest in 18 quarters, driving margin expansion and contributing 60% of operating income. The stock trades at 16.7x trailing EV/EBITDA, 21% below its five-year average, making it attractively value...
Amazon Web Services introduced TorchNeuron, a tool that allows AI startups to easily run PyTorch-based AI apps on Amazon's Trainium chip with minimal changes. This move challenges Nvidia's software advantage, which has made its GPUs the default for A...
Technology stocks recently declined due to concerns over how data center expansions are financed, rather than fundamental weaknesses. Taiwan Semiconductor reported a strong 41.2% year-over-year revenue growth driven by high demand for AI chips, with ...
Amazon is reaffirmed as a 'Buy' with potential to rise above $300 based on strong 2026 fundamentals and positive technical indicators. The company reported 20% revenue growth in Q2 and a 37% year-over-year acceleration in AWS, though earnings per sha...
Amazon shares rose over 5% after Morgan Stanley named it a top pick and raised its price target to $350, citing strong growth prospects for Amazon Web Services (AWS). Morgan Stanley projects AWS revenue growth of 47% in 2027 and 42% in 2028, with ope...
