Amazon CEO Andy Jassy clarified that the company's $200 billion investment in artificial intelligence is based on solid business foundations, not just speculation. A key part of this investment is Amazon's Trainium chip business, which is already generating $20 billion in annual revenue. This highlights Amazon's serious commitment to AI technology and its potential for significant growth. Investors should watch how this investment impacts Amazon's future innovation and market position.
New York City Mayor Zohran Mamdani supports the Delivery Protection Act, which would require companies like Amazon to directly employ delivery drivers instead of subcontracting. The law aims to protect workers and hold corporations accountable but co...
JPMorgan has increased its S&P 500 target for 2026 from 7,800 to 8,000, citing stronger-than-expected corporate earnings and significant AI-related investments driving business growth. The bank expects earnings per share to grow 35% in 2026, supporte...
Ed Zitron, CEO of EZ Primary Research, warns that hyperscaler cloud growth driven by AI is heavily reliant on two unprofitable companies, OpenAI and Anthropic, which together account for a large share of revenue at Google Cloud, Microsoft, and AWS. D...
The Global X Artificial Intelligence and Technology ETF (AIQ) provides dynamic exposure to leading AI and big data companies through systematic rebalancing and thematic screening, reducing risk from single stocks. With over $10 billion in assets unde...
A new natural gas power plant in West Texas, financed by Amazon and developed by Pacifico Energy, has been permitted to emit up to 33 million tons of CO2 annually, potentially making it the largest CO2 emitter among U.S. power plants. This plant, des...
