Amazon.com, Inc. (AMZN)
Alphabet stock is trading just 3% from its all-time high. Amazon Web Services revenue was up 20% in the third quarter.
Alphabet has proven it's an artificial intelligence (AI) force to be reckoned with. Amazon's cloud computing and advertising are driving a new wave of growth.
Gerald Sparrow thinks volatility creates opportunity for purchases and sees a 1%-2% upside because of year-end funding needs for 401(k)s and other instruments. Gerald expects consumers to be spending big on Black Friday and holiday sales and is concentrating on retail and communication services.
Boyd Watterson Asset Management LLC OH boosted its position in Amazon.com, Inc. (NASDAQ: AMZN) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,886 shares of the e-commerce giant's stock after buying an additional 1,537 shares during the period.
Amazon has been a low-key artificial intelligence winner. Meta Platforms is the cheapest of the "Magnificent Seven" stocks on a forward earnings basis, and it has been growing quickly.
Amazon is a stone's throw away from becoming a $3 trillion company. Several companies are involved in the artificial intelligence (AI) arms race.
This holiday shopping season features more advanced smart glasses, smart speakers with generative AI and a pendant AI friend. Despite the arrival of these new products, reviews for many of the devices are mixed.
Costco will keep growing as long as it locks in more members and opens new stores. Amazon is a solid long-term play on the e-commerce, cloud, AI, and advertising markets.
Alexander Labrunerie and CO. Inc. lowered its stake in Amazon.com, Inc. (NASDAQ: AMZN) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,073 shares of the e-commerce giant's stock after selling 340 shares during the period. Amazon.com accounts for 2.9%
Amazon and Microsoft are among the tech giants who have collectively pledged $349 billion to AI infrastructure, betting hyperscale returns will materialize. Yet one prominent analyst just broke ranks with Wall Street consensus, downgrading both tech giants.