Amazon.com, Inc. (AMZN)
Amazon got hit with a big sell-off following its latest quarterly report, and the stock has significantly underperformed the S&P 500 in recent years. Amazon's massive infrastructure investments could help it be a huge AI winner over the next decade.
Nvidia's data center revenue surged 75% year over year in its most recent quarter. Amazon's cloud computing segment saw its growth rate accelerate to 24% in Q4.
Amazon has reportedly laid off at least 100 employees in its robotics division as part of a broader push to cut corporate costs and improve efficiency through AI, following earlier layoffs totaling about 30,000 roles and the cancellation of its Blue Jay robotics project.
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The layoffs are separate from Amazon's broader cuts announced in January that impacted more than 16,000 corporate workers.
Amazon's Bahrain data center was targeted by Iran for the company's support of "U.S. military and intelligence activities," the Fars News Agency said in a Telegram post. One of Amazon's facilities in Bahrain was damaged and taken offline earlier this week due to nearby drone strikes.
Sao Paulo, Brazil--(Newsfile Corp. - March 4, 2026) - Dakila Pesquisas has just launched the Safari Brazil Project, a large-scale initiative that brings together the people of the Amazon itself to protect the forest, strengthen the local economy, and transform the region into a new global model for sustainable tourism. The project is already structured with a broad network formed by more than 180 Indigenous ethnic groups, as well as riverine communities, farmers, remnants of former rubber plantations, workers, and merchants who live throughout the Amazon region.
AST SpaceMobile (NASDAQ: ASTS) shares are surging 12% in midday trading today after the company and Canadian telecom giant Telus (NYSE: TU) announced a landmark agreement to deliver space-based cellular broadband service to Canada's most remote regions. Under the deal, Telus customers will soon use their existing smartphones for texts, calls, and data in areas without traditional... Why Big Tech's Equity Investments May Be Fueling Their Own AI Bubble.
Stock indexes stumbled out of the gate on Wednesday. Here's why they bounced back by midday.