The gig economy offers numerous advantages, and for investors aiming to benefit from this expanding trend, it may be wise to monitor stocks like AMZN, DASH and LYFT.
Amazon Web Services lost some AI customers to competitors due to capacity issues. Some clients shifted projects after AWS Bedrock didn't meet capacity demand this summer.
Alphabet has proven it's an artificial intelligence (AI) force to be reckoned with. Amazon's cloud computing and advertising are driving a new wave of growth.
Gerald Sparrow thinks volatility creates opportunity for purchases and sees a 1%-2% upside because of year-end funding needs for 401(k)s and other instruments. Gerald expects consumers to be spending big on Black Friday and holiday sales and is concentrating on retail and communication services.
This holiday shopping season features more advanced smart glasses, smart speakers with generative AI and a pendant AI friend. Despite the arrival of these new products, reviews for many of the devices are mixed.
Shares of Amazon are back in the red for the year, but a further AWS reacceleration could change their fortune in 2026.
November has been another "tech wreck" month for the markets. At the time of this article, the S&P 500 is down about 2% since Nov.1.
Amazon.com Inc. (NASDAQ: AMZN) has been one of the stock market's biggest success stories ever.
Amazon's mass layoffs announced last month hit engineers the hardest, according to state filings. Nearly 40% of the roughly 4,700 positions eliminated across Washington, New York, New Jersey and California were engineering jobs.
The latest quarter showed a 19% QoQ increase in Big Tech spending, confirming continued conviction in the build-out of AI infrastructure. Capital spending for the AI buildout has risen 44.6% from initial estimates, a substantial jump considering the scale already measured in hundreds of billions. Since the beginning of the year, Big Tech Capex estimates have increased from $280 billion to $405 billion, an impressive 31% positive revision.
At a macro level, Amazon's e-commerce and cloud computing growth catalysts can power much more growth in the years ahead. The company is working overtime to ease capacity constraints for AWS. Amazon's Prime ecosystem is also continuing to grow, which is supporting significant advertising business growth. The company sports an AA S&P credit rating with a stable outlook.
After losing some value lately, a hammer chart pattern has been formed for Amazon (AMZN), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.