Fears that stocks are becoming overvalued led to a broader market selloff on Tuesday, and investors may be eying Amazon stock as a buy-the-dip target.
Amazon and artificial intelligence (AI) startup Perplexity are in a dispute over the deployment of third-party AI agents for shopping. Perplexity said in a Tuesday (Nov.
Amazon.com Inc (NASDAQ:AMZN) has issued a cease-and-desist letter to Perplexity AI, alleging that the startup's browser-based assistant, Comet, violated its terms of service by making purchases on Amazon without authorization. According to Amazon, Comet acted on behalf of users to place orders without identifying itself, which the company claims amounted to computer fraud and breached its retail policies, which prohibit data mining, automated bots, or similar software tools from accessing or transacting on its platform.
Perplexity AI accused Amazon of "bullying" after it received a letter from the e-commerce giant. Amazon wants Perplexity to prevent its users from using its AI browser called Comet to make purchases on their behalf, the startup said.
Amazon (AMZN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
MSFT, GOOGL, AMZN and IBM are indispensable cloud computing stocks for any investment portfolio.
AMZN's $38B cloud deal with OpenAI sends AMZN shares up 4%, spotlighting ETFs like ONLN with heavy Amazon exposure for AI-driven growth.
Amazon (AMZN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Amazon delivered a standout Q3 2025, with AWS growth reaccelerating to 20% YoY and strong advancements in AI and robotics. AMZN's operational efficiency is improving, with cash from operations up 78% YoY and significant investments in AI, robotics, and fulfillment driving future margin expansion. If AMZN achieves 20% operating margins by 2029, it could generate $200 billion in operating income and potentially reach a $5–$7.5 trillion market cap.
Corporate giants Amazon, UPS and Target each announced layoffs in recent weeks totaling more than 60,000 jobs cut this year. In the absence of the Bureau of Labor Statistics' monthly jobs report, the layoff announcements have raised questions about the strength of the labor market and if it's the start of an AI-driven, white-collar recession.
With a voice more youthful than his 72 years would suggest, Lucindo Lima sings about the untold riches he never made in Brazil's Serra Pelada mine, a site made famous by a 1980s gold rush immortalized by the late photographer Sebastiao Salgado.
Build the factories and the boom will follow: that is OpenAI's bet as it inks a $38 billion agreement to run its systems on Amazon Web Services, part of a mammoth plan to secure more than $1 trillion of computing capacity. The deal gives OpenAI immediate access to AWS datacentres and the Nvidia processors inside them, the specialist chips that train and run models such as ChatGPT.