Amazon.com, Inc. (AMZN)
CNBC's “Power Lunch” team discuss Amazon's stock performance with Dryden Pence, chief investment officer for Pence Wealth Management and Pence Capital.
Meta said Tuesday that the company will begin testing its Instagram for TV app in the U.S. via Amazon Fire TV streaming devices, underscoring the photo-sharing app's effort to become a major video platform beyond smartphones, taking on TikTok and YouTube.
iRobot filed for bankruptcy and will be bought by Chinese manufacturer after Amazon's $1.4 billion acquisition was blocked by the FTC on antitrust grounds last year.
Amazon says its data centers aren't raising power bills for residential customers, releasing a white paper as three U.
Amazon.com Inc.'s business ties with Israel's military and the US Department of Homeland Security are the focus of a shareholder proposal demanding that the company investigate whether such contracts comply with its responsible AI policies.
SAN FRANCISCO--(BUSINESS WIRE)--Slope, the AI-native lending platform transforming how businesses get approved and funded, today announced a new relationship with Amazon to provide fast, transparent financing to eligible U.S.-based Amazon sellers. The Slope credit program,1 supported by a J.P. Morgan credit facility,2 enables eligible sellers to access flexible working capital directly through their Amazon Seller accounts — with approvals as fast as minutes. Additionally, the program is set to.
It's time to upgrade Amazon (AMZN) to a Buy as the risk/reward shifts favorably in favor of the e-commerce and cloud computing behemoth. AWS remains Amazon's profit engine, delivering 36% margins and over 57% of corporate operating profits, underpinning valuation support. AMZN is aggressively investing in AI, custom chips, and open-sourcing its software stack to defend its moat against rivals like Google, Microsoft, and Oracle.
The Magnificent 7 stocks haven't been moving as a pack this year. One stock has broken away decisively, while another has been left behind — and that gap is creating a striking contrast inside the Big Tech space. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is dominating the leaderboard. Amazon.com Inc (NASDAQ:AMZN), meanwhile, is doing something very un-Amazon-like: lagging quietly.
Instagram is expanding Reels-viewing beyond mobile, the social network announced on Tuesday. The company is piloting IG for TV, a new experience that lets you watch Reels on TV, starting with Amazon Fire TV.