AMZN stands out as a momentum pick under Richard Driehaus' "buy high, sell higher" strategy, riding strong price trends and the AI-driven growth wave.

Amazon has unified its artificial intelligence operations under one leader. The e-commerce and cloud computing giant appointed Peter DeSantis, a 27-year AWS veteran, to lead a newly unified organization spanning AI model development, custom chip design, and quantum computing research.

OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed on Tuesday. CNBC's MacKenzie Sigalos has the latest.

CNBC's MacKenzie Sigalos reports on a potential investment deal between Amazon and OpenAI.

Major stock indexes pulled back Wednesday, with the S&P 500 and Dow Jones Industrial Average on pace for a fourth consecutive decline, as AI bubble concerns resumed.

Amazon stock gained fractionally after the company announced a new division and leader focused on the tech giant's AI push.

Rohit Prasad launched Amazon's AGI team two years ago. Prasad led Amazon efforts to develop leading AI models.

This company operates market-leading businesses in three industries. Massive investments in AI infrastructure have weighed heavily on its free cash flow.

Amazon CEO Andy Jassy announced in a message to staff on Wednesday that longtime AWS executive Peter DeSantis will lead a new AI-focused organization within the company.