Amazon just scored a major coup with Meta thanks, once again, to Amazon's own homegrown chips. Meta has signed a deal to use millions of AWS Graviton chips to power its growing AI needs, Amazon announced Friday.

The social-media giant enters multiyear agreement to use Amazon Web Services' Graviton CPU chips to power its AI efforts.

IBD's Alexis Garcia and Ed Carson preview key upcoming earnings reports from Amazon, Google-parent Alphabet and Apple. Check out our daily newsletter!

It's notable that 63% of billionaire Bill Ackman's hedge fund portfolio consists of stock in just four companies. This strategy may not be the best one for beginning investors.

Cache Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 57.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,413 shares of the e-commerce giant's stock after buying an additional 42,925 shares during the period. Amazon.com comprises about 3.3% of

Fiduciary Alliance LLC increased its position in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 5.5% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,005 shares of the e-commerce giant's stock after buying an additional 8,352 shares during the period.

Companies such as Meta, Amazon, and Oracle have said they're trimming staff this year. Pinterest, for one, cited AI as a factor in its decision to shed less than 15% of its workforce.

Winning in retail has a new goal line: the logic that drives consumer choice itself.

Etsy's high-growth days are over, but its stock looks dirt cheap at these levels.