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Amazon.com Q4 Earnings: Jassy Highlights 'Successful' Holiday Season, Q1 Guidance Disappoints Investors
Thursday, February 6, 2025 - 5:25pm | 718Amazon.com Inc (NASDAQ:AMZN) reported fourth-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Amazon.com reported fourth-quarter net sales of $187.8 billion, up 10% year-over-year. The net sales beat a Street consensus estimate of $187.3 billion...
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Amazon.com Q4 Earnings Preview: Analyst Says Could Be 'Upside On Every Metric'
Wednesday, February 5, 2025 - 5:38pm | 803Amazon.com Inc (NASDAQ:AMZN) could provide a look at AI growth, NFL success and how tariffs could impact financial results when the company reports fourth-quarter financial results after market close Thursday. Earnings Estimates: Analysts expect Amazon to report fourth-quarter revenue of $187.3...
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Amazon's Advanced Robotics Push Could Save $10 Billion Annually For Jeff Bezos' E-Commerce Giant By 2030, Says Morgan Stanley
Tuesday, February 4, 2025 - 9:34am | 530Amazon.com Inc. (NASDAQ:AMZN) could potentially save over $10 billion annually by 2030 through its new robotics technology, according to an analyst. What Happened: According to Morgan Stanley analyst, Brian Nowak, Amazon’s new robotics technology could lead to significant cost savings. The...
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Amazon AWS To Invest $11 Billion In Georgia To Boost AI And Cloud Infrastructure: 'Expect To Create More Than 550 Well-Paying Jobs'
Tuesday, January 7, 2025 - 10:02pm | 554On Tuesday, Amazon.com, Inc. (NASDAQ:AMZN) announced plans to invest $11 billion in Georgia through its cloud division, Amazon Web Services. What Happened: This investment aims to bolster infrastructure for cloud computing and artificial intelligence technologies. With the investment in Butts and...
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SonarX Partners With Amazon To Integrate On-Chain Datasets Into AWS
Wednesday, December 4, 2024 - 6:00pm | 436SonarX announced on Wednesday that it has partnered with Amazon.com, Inc.'s (NASDAQ:AMZN) Amazon Web Services, along with the teams at Base, Arbitrum, Provenance Blockchain, Aptos, and Ripple, to bring its indexed on-chain datasets to AWS's Open Data program. The Details: SonarX will provide...
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Amazon's $8 Billion Investment In AI Developer Anthropic 'Mutually Beneficial,' Says Analyst
Monday, November 25, 2024 - 5:45pm | 420Last week, Amazon.com, Inc. (NASDAQ:AMZN) deepened its partnership with Anthropic through an additional $4 billion investment, bringing Amazon's total investment in the artificial intelligence research and development company to $8 billion. The Details: As part of the investment, Anthropic has...
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Which Magnificent 7 Stock Should DOJ Target Next? Benzinga Poll Finds Over 50% Say...
Friday, November 22, 2024 - 1:31pm | 800New polls of Benzinga readers show they don't think the Department of Justice should break up Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) or target other Magnificent 7 stocks. What Happened: A recent investigation by the Department of Justice found prosecutors telling Alphabet it needs to divest the...
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Amazon Analysts See Growth Ahead With AWS In 'Early Innings Of A Big AI Cycle,' Advertising Segment Fast-Growing 'Hidden Asset'
Friday, November 1, 2024 - 1:46pm | 914Amazon.com Inc (NASDAQ:AMZN) analysts see strength in AWS, retail and advertising after the company’s third-quarter results. The Amazon Analysts: Bank of America analyst Justin Post reiterated a Buy rating on Amazon and raised the price target from $210 to $230. Wedbush analyst Scott Devitt...
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Andy Jassy Touts 'Deep Partnership' With Nvidia, But Amazon Is Doubling Down On In-House Custom Silicon For Price-Conscious Customers
Friday, November 1, 2024 - 12:26am | 713During the third-quarter earnings call, Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy underscored the company’s dedication to its in-house silicon development, despite acknowledging a “deep partnership” with Nvidia Corporation (NASDAQ:NVDA). What Happened: On Thursday, Jassy...
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Amazon Q3 Earnings Highlights: Revenue Beat, EPS Beat, Q4 Guidance, New Kindles 'Significantly Outperforming Our Expectations'
Thursday, October 31, 2024 - 4:22pm | 538Amazon.com Inc (NASDAQ:AMZN) reported third-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion,...
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Amazon Q3 Earnings Preview: AWS, Prime Video, Streak Of Analyst Beats On Watch
Wednesday, October 30, 2024 - 4:14pm | 816Amazon.com Inc (NASDAQ:AMZN) could show off the strength of its AWS cloud segment when it reports third-quarter financial results after market close Thursday. Earnings Estimates: Analysts expect the Seattle-based company to report third-quarter revenue of $157.19 billion. That’s up from last...
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Amazon AWS CEO Stands Firm On 5-Day Office Policy — Opponents Can Head For The Exit Door: 'There Are Other Companies Around'
Thursday, October 17, 2024 - 9:15pm | 545Amazon.com Inc’s (NASDAQ:AMZN) AWS unit CEO, Matt Garman, has staunchly defended the company’s contentious new five-day in-office policy, suggesting that those who oppose it may consider other employment options. What Happened: According to a Reuters report on Thursday, Garman...
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Amazon Analyst Expects Q3 Earnings With Revenue Growth, Margin Expansion, Relative Stable E-Commerce Demand
Tuesday, October 15, 2024 - 12:49pm | 403Goldman Sachs analyst Eric Sheridan expects Amazon.com, Inc. (NASDAQ:AMZN) to report a solid mix of revenue growth and operating margin expansion when the company releases its third-quarter financial results later this month. The Details: Sheridan said Amazon should report relatively stable e-...
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AWS CEO Matt Garman, Once An Intern, Says They Were Pioneering Generative AI At Amazon Long Before ChatGPT Sparked A Wave Of Excitement: 'It Became A Widely Accepted Thing'
Monday, October 7, 2024 - 3:34am | 709Amazon.com, Inc.’s (NASDAQ:AMZN) cloud computing platform, Amazon Web Services CEO Matt Garman disclosed that the company had been delving into generative AI long before it became a widely accepted concept. What Happened: During an interview with TechCrunch that was published on...
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5 Things To Know In Investing This Week: The We Pivoted Bigly Issue
Wednesday, September 25, 2024 - 11:24am | 2602Years ago, President Trump talked about a change in tax rates that he described as “big league”. It was misinterpreted as “bigly” and a new word entered the lexicon. Last week, the Fed pivoted and cut the fed funds rate. This cut was more than two years after Fed doves and...