Jeff Bezos sold 15 million Amazon shares worth about $4 billion on August 3, marking one of his largest insider sales in recent years. This sale followed Amazon's blockbuster earnings report, which beat expectations in earnings per share, sales, and cloud growth, driving the stock up 25% in days and lifting its valuation above $3 trillion. Despite a high capital expenditure forecast, Amazon avoided investor backlash seen in other tech firms. The sale involved founder stock from 1994, which has appreciated massively since the IPO.
Amazon's AWS segment accounts for 60.3% of its operating income, showing accelerating revenue and margin growth driven by demand for custom chips, SaaS, and compute backlog. This growth supports Amazon's aggressive capital expenditure plans and doubl...
The US intervened to support the Japanese yen by selling euros instead of dollars to avoid destabilizing Treasury markets. This move weakened the dollar against the euro, which recently hit a two-month high. Meanwhile, Amazon's market cap surpassed $...
Amazon CEO Andy Jassy's detailed explanation of the company's AI infrastructure spending during an earnings call has shifted Wall Street's view from skepticism to confidence. Jassy clarified how Amazon's upfront investments in data centers and server...
Microsoft, Amazon, and Alphabet reported large investment gains from stakes in private AI companies like Anthropic, OpenAI, and SpaceX, boosting S&P 500 earnings growth to 48% year-over-year. However, these gains are mostly on paper and do not reflec...
Amazon-owned Zoox has received federal approval to deploy the first steering-wheel-free robotaxis commercially in the U.S., pending state and local permissions. This milestone in autonomous vehicle technology introduces new legal challenges, especial...
