AWS reported 28% year-over-year growth in the first quarter, the fastest rate in nearly four years. The company is spending hundreds of billions of dollars on AI infrastructure.
Amazon stock (NASDAQ: AMZN) could swing about $15 after its July 30 earnings as investors decide whether accelerating artificial-intelligence demand is beginning to justify the company's unprecedented infrastructure spending. Options prices imply a move of roughly 6% in either direction from about $231, creating a potential range near $217 to $246.
Ukraine's drone attacks on Russia's biggest online retailer Wildberries have ratcheted up the pressure on Moscow's wartime economy. Wildberries is regarded as Russia's domestic equivalent to U.S. e-commerce giant Amazon.
Collaborative Wealth Managment Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 69.6% in the undefined quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,456 shares of the e-commerce giant's stock after selling 3,340 shares during the period. Collaborative Wealth Managment Inc.'s holdings in Amazon.com were
Beaumont Financial Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ: AMZN) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,476 shares of the e-commerce giant's stock after selling 2,225 shares during the quarter. Amazon.com makes up about 2.2%
Geneos Wealth Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 2.5% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,200 shares of the e-commerce giant's stock after selling 2,725 shares during the quarter.
Amazon raised $25 billion in bonds in early July. CEO Andy Jassy's company plans to spend $200 billion this year to build out AI infrastructure.
Kimi K3 has reignited AI cost fears and has decimated tech stocks. However, the current carnage echoes the DeepSeek disruption of early 2025.
United Parcel Service CEO Carol Tomé says the Amazon glide down "is behind us." The shipping company has been delivering fewer low-margin packages for Amazon.
Amazon is set to report earnings after the closing bell Thursday, with traders expecting a big move from the e-commerce giant's stock.