Amazon.com Inc (NASDAQ:AMZN) is doubling down on its in-house AI chips, and chief executive Andy Jassy says the strategy is already delivering. At AWS re:Invent he revealed that Trainium2, Amazon's current accelerator, has reached a multibillion-dollar revenue run rate, with more than 1 million chips in production and over 100,000 customers accessing them through the Bedrock AI platform.
Amazon is upgraded to a "Strong Buy," driven by accelerating AWS growth and e-commerce margin expansion. Generative AI and automation are expected to boost efficiency and profitability across both AWS and core retail operations. Valuation appears conservative at 30x forward earnings, with fair value estimated around $330 per share.
Amazon's investments in new fulfillment centers and delivery stations have gradually cemented the online giant's position as a key player in the nearly $193 billion U.S. parcel industry, long dominated by UPS , FedEx , and the U.S. Postal Service.
Amazon.com on Wednesday touted new capabilities for its SageMaker AI service that it says will help customers expedite customizing their artificial intelligence software models.
Is there any way for another AI coding tool to worm it's way into the hearts of startup founders — and past Cursor, Claude Code, Codex, Gemini Code Assist, GitHub CoPilot, the many other AI-wrapped VSCode forks, and vibe-coding phenoms like Replit and Lovable?
Can any company, big or small, really topple Nvidia's AI chip dominance? Maybe not.
Amazon.com Inc (NASDAQ:AMZN) used its annual re:Invent conference in Las Vegas to outline a series of AI-focused updates, including new Trainium chips, expanded Nvidia integration, autonomous agents, and a new on-premises “AI Factories” model. The event, which drew roughly 60,000 attendees, offered incremental product progress rather than a headline-making partnership, according to Bank of America analysts.
Amazon.com said on Wednesday it is rolling out a dedicated news tab on its Prime Video streaming service, which will become available to all U.S. customers for free by the end of the year.
Amazon (AMZN) could produce exceptional returns because of its solid growth attributes.
Shares of Amazon.com Inc (NASDAQ: AMZN) have dropped roughly 9% over the past month, sliding from $249.32 in early November to $234.50 as of December 2.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 3.48% over the past five trading sessions after gaining 2.80% the five prior.