During a two-week Lunar New Year campaign promoting its Qwen AI app, Alibaba said the system handled nearly 200 million orders ranging from groceries and drinks to movie tickets and flights, The Information reported. Morgan Stanley analysts said the push helped drive Qwen's daily active users to 73.5 million, up from about 17 million before the holiday.

Zacks.com users have recently been watching Amazon (AMZN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

In just over three years, Amazon (NASDAQ: AMZN) evolved from a “battered retailer” into a “high-margin AI powerhouse.” While revenue growth set the foundation, multiple expansion created the ceiling.

These companies have demonstrated their strengths in AI in recent years. They each should continue to benefit as the AI boom marches on.

CIBC Capital Markets Europe S.A. raised its position in Amazon.com, Inc. (NASDAQ: AMZN) by 358.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 555,094 shares of the e-commerce giant's stock after buying an additional 434,000 shares during the period. Amazon.com comprises 21.3% of CIBC Capital

CENTRAL TRUST Co lessened its holdings in Amazon.com, Inc. (NASDAQ: AMZN) by 1.5% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 325,121 shares of the e-commerce giant's stock after selling 4,819 shares during the quarter. Amazon.com makes up approximately 1.5% of CENTRAL

Connable Office Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 8.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,526 shares of the e-commerce giant's stock after buying an additional 2,592 shares during the quarter. Amazon.com comprises

SoftBank Group (SFTBY) is reportedly working to secure up to $40 billion in financing as it looks to fund its growing investment in OpenAI, according to a Bloom

Assetmark Inc. grew its position in Amazon.com, Inc. (NASDAQ: AMZN) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,675,628 shares of the e-commerce giant's stock after acquiring an additional 115,883 shares during the period. Amazon.com comprises approximately 0.8% of Assetmark