Amazon Web Services

Big tech cloud vendors Amazon Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) and Microsoft Corp. (NASDAQ: MSFT) turned in overall mixed results for the fourth quarter. Here’s a rundown on how each of them did in terms of their Cloud business: Amazon’s AWS:...

One of the largest retailers in the world could soon be among the companies exploring the world of non-fungible tokens. A new report pointed to an NFT initiative from Amazon.com, Inc. (NASDAQ: AMZN) coming this spring. Here are the details and what it could mean. What Happened: A new...

Avalanche (CRYPTO: AVAX) skyrocketed over 27% in just a few hours after Ava Labs' partnership with Amazon Web Services went live. What Happened: Ava Labs has joined the AWS Partner Network, giving it the potential to reach over 100,000 partners worldwide and help to accelerate the breadth of...

After spending over 25 years leading the e-commerce company he founded, Jeff Bezos stepped down as the CEO of Amazon.com, Inc. (NASDAQ: AMZN) in 2021. With Amazon shares struggling, could Bezos make a triumphant return in 2023? What Happened: Ritholtz Wealth Management Managing Partner Michael...

Amazon Inc. (NASDAQ: AMZN) was among the worst-performing mega-cap stocks in 2022 by virtue of its nearly 50% plunge. An analyst at UBS recently took down his price target for the stock. The Amazon Analyst: UBS analyst Lloyd Walmsley maintained a Buy rating and reduced the price target from...

FTX co-founder Sam Bankman-Fried saw his wealth evaporate from billions to significantly less after the collapse and bankruptcy of the cryptocurrency platform he founded. A new list of creditors suggested Bankman-Fried may have also been searchin’ for his lost shaker of salt....

Major Wall Street indices ended flat on Tuesday as investors and traders shifted their focus to Federal Reserve Chair Jerome Powell’s scheduled speech on Wednesday at an event hosted by the Brookings Institution in Washington. Market participants are also eyeing...

Jeff Bezos founded ecommerce company Amazon.com Inc (NASDAQ: AMZN) in 1994 and led the company as CEO for many years before stepping down in 2021. Here’s a look at how Amazon stock has done since Bezos stepped down. What Happened: After 27 years leading Amazon, Bezos officially stepped down...

Shiba Inu (CRYPTO: SHIB) has potentially compromised infrastructure, according to research from the cloud security platform PingSafe. What Happened: Pingsafe’s research framework discovered a leaked Shiba Inu Amazon Web Services (AWS) account credential on a public code repository,...

Amazon Web Services, the cloud arm of Amazon.com, Inc (NASDAQ: AMZN), was hogged some much deserved limelight as the Jeff Bezos-founded tech and retail giant unveiled its second-quarter numbers. The e-commerce giant’s AWS-origin revenue came in at $19.7 billion versus the $19.56 billion...

E-commerce leader Amazon.com Inc (NASDAQ: AMZN) reported second-quarter financial results after the market close Thursday. Here are the key highlights for investors.  What Happened: Amazon reported net sales of $121.2 billion in the second quarter, up 7% year-over-year. The total came in ahead...

Famed short seller Jim Chanos has a new industry he’s targeting with bets against a high growth area. Here’s why, despite the growing industry, Chanos sees pain for the market leaders. What Happened: Chanos is getting ready to place a big bet against data centers, according to a report...

Large technology companies are often hard for analysts and traders to value, with many moving parts. Sometimes this leads to the “sum of the parts” trading at a discount to the value of the businesses if they were to be spun off as independent companies. What Happened: Well-known...

The worldwide cloud market grew at a robust clip in the first quarter, and the big three vendors dominated, according to a new report released by Canalys. Cloud Spending Maintains Red-Hot Pace: First-quarter cloud infrastructure spending climbed 34% year-over-year and about 12% from the previous...

Amazon.com Inc (NASDAQ: AMZN) reported first-quarter financial results after market close Thursday. Here are the key highlights for investors. What Happened: Amazon reported first-quarter revenue of $116.4 billion, up 7% year-over-year and ahead of a consensus estimate of $116.3 billion, according...