“The size of the Amazon cuts remains a head scratcher given the battle for talent and [the] AI revolution in motion,” said Wedbush analyst Dan Ives.
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Muted holiday sales growth is expected, but retailers like AMZN, WMT, TPR, DG and EXPE still shine as smart seasonal picks.
Tech stocks were subdued in pre-market trading on Tuesday. The analyst sees short-term consolidation across Amazon, Apple, and Google but maintains a bullish long-term outlook, viewing any pullbacks as potential buying opportunities.
Savvy investors are eyeing the retail sector, with this holiday shopping season expected to be the first in U.S. history to exceed $1 trillion in sales.
The recent pullback in leading artificial intelligence stocks has rekindled concerns about the group's stock price momentum and market leadership. The absence of economic data due to the government shutdown, at a time of economic vulnerabilities, is adding to market angst.
Amazon said it is marking the one-year anniversary of its “Haul” service with $1 deals. It‘s part of a two-day “shopping event” scheduled for Monday (Nov. 10) and Tuesday (Nov. 11), with the eCommerce giant selling tens of thousands of products priced at $1 on the first day, and “exclusive $0.
It struck me how confident Amazon seemed heading into the holidays. When I told Lee about their plan to hire 250,000 seasonal workers, he didn't hesitate.
Amazon is seeing strong operating leverage in its e-commerce business, leading to strong profitability growth in the segment. Meanwhile, its cloud computing business is starting to seeing accelerating growth.
Amazon (NASDAQ:AMZN) absolutely knocked one out of the ballpark this quarterly earnings season.
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The boom-bust cycle that has lately powered a pullback in cryptocurrencies and precious metals is coming for AI stocks, according to BCA Research. And they have an idea for how to play it.