Amazon.com (AMZN) has faced challenges in the past. Its stock has fallen by over 30% in less than 2 months on three separate occasions within recent years, eliminating billions in market capitalization and reversing significant gains during a single correction.
With Black Friday, consumers are prioritizing everyday essentials over luxury items, reflecting growing concerns about job security and the rising cost of living. More than six in 10 shoppers recently said they planned to buy necessities instead of fancier items during the holiday sales season, consultancy Deloitte reported, up from 58% last year.
AMZN, NVDA, PLTR and MU emerge as top large-cap tech picks as markets rebound and December rate cut hopes lift sentiment.
Shares of Amazon.com Inc. NASDAQ: AMZN have spent the past two weeks under pressure, sliding from record highs near $260 at the start of the month to almost $215 last week. The good news for investors is that despite that sharp move, the stock hasn't broken any key technical levels, and momentum is already improving.
Amazon is warning its 300 million plus customers to watch out for cybercriminals who are out in force this holiday season impersonating reps from the e-commerce giant.
Amazon.com Inc (NASDAQ:AMZN)'s Prime Air drone delivery program hit another hurdle after a delivery drone clipped an internet cable in Waco, Texas, last week, prompting a Federal Aviation Administration (FAA) investigation. The incident occurred on November 18 when an MK30 drone, operating autonomously, failed to detect a thin utility wire.
AMZN, EXPE, BOOT and TPR stand out as holiday sales are projected to surge, with online spending set to drive strong seasonal momentum.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 2.80% over the past five trading sessions after losing 10.98% the five prior.
Amazon made further progress in shifting its three main pillars in a favorable direction. The company is maintaining the fastest strategic growth pace, outpacing the cloud rivals in AI infrastructure build-out. The upcoming EC2 Trn3 instances could solidify AWS's stance as a superior infrastructure for corporate AI workloads.
The U.S. Federal Aviation Administration is probing Amazon after one of its delivery drones downed an internet cable in central Texas last week, CNBC reported on Tuesday, citing a Federal Aviation Administration (FAA) spokesperson.
Amazon is facing a federal probe after one of its delivery drones downed an internet cable in central Texas last week. The incident occurred last week when an Amazon's MK30 drones got caught on an internet cable line in Waco, Texas, according to a video of the incident viewed and verified by CNBC.
Jed Ellerbroek thinks the news that Meta Platforms (META) is buying Alphabet (GOOGL) chips is a bigger threat to AMD Inc. (AMD) than Nvidia (NVDA) because Alphabet's chips won't be as powerful as Nvidia's.