Amazon's stock has risen over 15% following a record Q2 performance, with Morgan Stanley analyst Brian Nowak reiterating a 'Buy' rating and setting a 12-month price target of $335, implying a 28.6% potential gain. The firm also forecasts a long-term surge to $500 by 2027 if AWS sales accelerate, driven by increased demand for AI computing and Amazon's $220 billion AI spending plan by 2026. Amazon's Q2 revenue hit $200.6 billion, a 20% year-over-year increase, supported by a 37% rise in AWS sales to $42.2 billion. The bullish outlook is reinforced by a strong year-to-date stock performance and growing AI market opportunities.
In July, President Donald Trump disclosed 1,156 securities transactions totaling between $79 million and $270 million. The largest trades included sales of Microsoft and Amazon shares worth between $5 million and $25 million each on July 20. This act...
Shopify has teamed up with Meta to allow its AI assistant Muse to make purchases through Shop Pay, following Amazon's decision to block Muse from its platform. Muse, launched by Meta, helps users find products and complete online purchases. Amazon bl...
Shopify's stock surged 7% after Meta's Muse AI agent gained the ability to browse Shopify stores and complete purchases using Shopify's Shop Pay checkout system. This partnership highlights Shopify's growing dominance in the payments layer for AI-dri...
Amazon announced a $1.9 billion investment in its Delivery Service Partner (DSP) program for 2027 to increase delivery associate pay to nearly $24 per hour and enhance safety. The company is deploying AI-powered tools like Smart Delivery Glasses and ...
Meta's AI assistant Muse has been blocked by Amazon from making purchases on its platform, displaying an error citing violation of Amazon's Conditions of Use. This move highlights a competitive stance as Amazon has its own AI models and may be cautio...
