Amazon's 12th annual Prime Day event is expected to generate over $26 billion in online sales across US retailers, marking a 9% increase from last year despite inflation and high gas prices. The four-day event has expanded beyond Amazon's platform, with competitors like Walmart and Target launching their own promotions. However, Amazon is projected to capture about 60% of the spending. Discounts are expected to remain strong to attract budget-conscious shoppers, supporting continued growth in e-commerce sales.
Amazon reported its fastest growth in AWS in 15 quarters, beating earnings estimates with strong revenue and operating income gains. Despite this, shares have fallen about 12% from recent highs due to concerns over a $200 billion capital expenditure ...
Amazon continues to be a strong buy due to accelerating earnings growth, margin expansion, and strategic investments like Anthropic. Its regionalization and supply chain improvements are delivering better-than-expected cost savings and operating leve...
US stock futures indicate a steep decline with Nasdaq 100 expected to fall about 2.8%, driven by a deepening sell-off in technology shares worldwide. Major tech companies like Alphabet, Amazon, and Meta saw significant losses, while Asian and Europea...
Google's stock fell as much as 7% after two top AI researchers, John Jumper and Noam Shazeer, left for competitors Anthropic and OpenAI. These departures raise concerns that Google is losing its edge in AI talent and innovation, potentially falling b...
Major tech companies are expected to spend about $750 billion on AI development this year, primarily funded through debt rather than cash reserves. This marks a shift from the past decade when these firms self-funded growth, making them less sensitiv...
