Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 3.48% over the past five trading sessions after gaining 2.80% the five prior.
Amazon's (NASDAQ: AMZN) push into custom AI hardware is reshaping expectations for its valuation, with new analysis suggesting the company could see notable stock gains as its in-house chips challenge Nvidia's (NASDAQ: NVDA)lead.
Shares of Amazon.com Inc. NASDAQ: AMZN closed Monday's session just above $230, right around where they were back in January. Despite logging a 60% rally at one point in the months in between, the tech giant is now on track to finish roughly flat for 2025.
The Black Friday and Cyber Monday shopping frenzy was yet again a hit, helping ease some fears surrounding a weak consumer.
Amazon.com Inc (NASDAQ:AMZN) on Tuesday unveiled its latest artificial intelligence (AI) semiconductor, Trainium3, signaling a major effort by the e-commerce and cloud giant to challenge Nvidia's dominance in the booming AI hardware market. The announcement came during Amazon Web Services' (AWS) annual re:Invent conference, where executives detailed the chip's capabilities and broader AI strategy.
Amazon is making a big push into ultrafast delivery, now testing in Seattle and Philadelphia. The company said customers can choose from thousands of items for delivery in under 30 minutes.
AWS Chief Executive Officer Matt Garman said the company's relationship with Anthropic was “incredibly strong.” He said the startup has an enormous demand for computing power, leading Anthropic to use a variety of providers.
Amazon.com, Inc.'s AWS reaccelerated to 20.2% YoY growth in Q3, reaching $33B in revenue and signaling a new AI-driven cloud cycle. The AWS backlog expanded to $200B, boosted by rapid adoption of Trainium2 chips and multi-billion-dollar AI compute demand. AWS generated $11.4B in operating income, materially lifting AMZN's consolidated EPS to $1.95 and strengthening overall profitability.
AWS CEO Matt Garman unveiled a set of new tools at the cloud giant's annual re:Invent conference, calling them critical to helping companies get value out of AI.
Amazon has announced it's launching a new service that completes deliveries in 30 minutes or less in Seattle and Philadelphia. The new “ultra-fast” delivery option will allow Amazon to better compete with services like DoorDash, Uber Eats, and Instacart.
Amazon's cloud unit on Tuesday announced AI-enabled software designed to help clients better understand and recover from outages. DevOps Agent, as the AI tool from Amazon Web Services is called, helps companies more quickly figure out what caused an outage and implement fixes.
Amazon.com's AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to get major AI customers using its services.