Cloud computing and online retail behemoth Amazon NASDAQ:AMZN will be reporting results this Thursday afternoon. Here’s what you need to know.Amazon beat analysts’ revenue expectations last quarter, reporting revenues of $181.5 billion, up 16.6% year on year. It was a stunning quarter for the compa…
U.S. futures declined in the overnight session late Tuesday as geopolitical tensions are on the rise again after the U.S. said Iran launched multiple missiles at American forces. The news sent oil prices soaring overnight.Meanwhile, markets are anticipating a slew of earnings results from top tech…
Severe capital expenditure plans by tech industry hyperscalers like Amazon.com Inc. (AMZN) Alphabet Inc. (GOOGL,GOOG) and Microsoft Corp. (MSFT) will ultimately produce substantial financial rewards despite recent market hesitation, according to a research report from Morgan Stanley.Led by analyst…
Credit risk across several of the world's largest AI companies has climbed to record levels as investors grow more concerned about the debt needed to fund data centres, chips and advanced models.Credit default swap spreads tied to Alphabet NASDAQ:GOOGL, Amazon NASDAQ:AMZN, Meta NASDAQ:META, Nvidia…
Amazon.com NASDAQ:AMZN, a global e-commerce, cloud-computing and digital-services company, is reportedly overhauling its artificial-intelligence strategy by winding down many internally developed Nova models. Business Insider reported that Amazon has begun deprecating Nova Premier, Nova Omni, the R…
Amazon.com (AMZN, Financials), the e-commerce and cloud computing corporation, is rejigging its artificial intelligence strategy by winding down a number of marquee models and focusing resources on a new frontier system.The restructure represents a narrowing of the field of AI development as Amazon…
Ryanair NASDAQ:RYAAY has extended its partnership with Amazon Web Services NASDAQ:AMZN for another five years as the airline looks to use cloud computing and agentic AI to support its next phase of growth.Under the renewed agreement, Ryanair will use AWS services, including Amazon Bedrock, to run i…
Amazon (AMZN) reports Q2 this week. Traders focus on AWS revenue (around $40B), capex guidance and AI monetization; market will watch impact on AI spending and semiconductor demand
Amazon NASDAQ:AMZN has filed with the Federal Communications Commission for permission to deploy more than 5,000 satellites by 2028, a direct-to-device constellation that would carry voice, messaging, data and emergency services to phones beyond the reach of conventional networks. Shares were down…
Warner Bros. Discovery (WBD, Financials), the media and entertainment company behind HBO, CNN and Warner Bros. studios, sued Amazon over allegations that it poached employees and interfered with existing employment contracts.The dispute centers on Pia Barlow, a former executive vice president of ma…
Amazon (AMZN, Financials), the e-commerce and cloud computing company, is expanding its satellite ambitions with a proposal to deploy a constellation of up to 5,105 satellites to provide direct-to-device mobile connectivity.The proposed Leo network would deliver voice, messaging, data and emergency…
US stock futures climbed early Monday as investors headed into one of the heaviest weeks of the quarter, with Dow Jones and S&P 500 futures each up 0.80% and Nasdaq-100 futures gaining 1.40%. Sentiment appeared to draw support from geopolitics, as the US and Iran paused fighting in a development th…
The second-quarter earnings season is gearing up, with four of the “Magnificent Seven” companies slated to report earnings this week; the benchmark index S&P 500 is poised for a historic rally, according to market experts.“The S&P 500's net profit margin is on track to surge to 15.7% for Q2 2026, t…
Amazon cut more roles in its AGI division on July 22, trimming teams tied to Nova models, custom AI chips and quantum hardware to streamline operations and shift resources.Senate S
Amazon (AMZN, Financials) is the e-commerce and cloud computing giant now under scrutiny by the U.S. Senate for suspicions that Chinese influence had a role in decisions made about its online marketplace.A source citing people involved in the inquiry said Republican aides on the Senate Small Busine…
Amazon NASDAQ:AMZN fell 1.35% intraday after cutting jobs in its artificial general intelligence group, the latest in a series of smaller reductions since it eliminated 16,000 roles across the company in January. The number affected in this round wasn't disclosed.An Amazon spokesman said the compan…
Advanced Micro Devices NASDAQ:AMD struck a multibillion-dollar deal with Anthropic that includes an investment of up to $5 billion in the AI developer, contingent on certain milestones. Anthropic committed to buying tens of billions of dollars of AMD's latest AI server chips, adding 2 gigawatts of…
For a long time, investors and analysts have treated cloud growth as the golden metric driving the tech trade. This earnings season, however, Big Tech’s capital expenditure trends are likely to take center stage.Companies such as Alphabet, Amazon, Microsoft and Meta have earmarked record investment…
Amazon NASDAQ:AMZN said its Amazon Business unit reached $60 billion in annualized gross sales in the second quarter, serving more than 11 million organizations across 11 countries. The company added over 1.8 million new organizations in the first half of the year, and counts 97 of the Fortune 100…
Wells Fargo analyst Ken Gawrelski raised the firm’s price targets on Alphabet Inc. (GOOG, GOOGL), Amazon.com Inc. (AMZN) and Meta Platforms Inc. (META) on Tuesday, arguing that the cost of building AI infrastructure is climbing but is unlikely to derail the industry's spending spree.According to Th…
