OpenAI, a company already valued at $500 billion, has made it known that it's on the hunt for another $100 billion in investment. Such a funding round could lead the company's valuation to shoot up to a titanic $830 billion.
This is a developing story. Check back for updates.
Amazon.com, Inc. remains a Strong Buy, with a $319.56 price target and 32% upside, despite recent underperformance versus the S&P 500. Cloud, AI, and the Kuiper satellite project position AMZN to capitalize on mega trends, driving long-term revenue and margin growth. High capital intensity from AI and cloud investments pressures free cash flow, but robust demand and customer contracts underpin near-term ROI.
Amazon could invest up to $50 billion in OpenAI in coming weeks, source says
Amazon.com Inc (NASDAQ:AMZN) is expected to report fourth quarter results on February 5, with Wedbush analysts noting that investor sentiment has been improving ahead of the release and reiterating an ‘Outperform' rating and a $340 price target. Shares are currently traded at about $240, up about 4% in the year-to-date.
Amazon is in talks to invest as much as $50 billion in OpenAI, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
CEO Andy Jassy is leading the e-commerce giant's negotiations with the ChatGPT maker.
The rivals made billions of dollars in the business over the past year, showing other companies that Nvidia isn't the only game in town.
Amazon (AMZN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Amazon enters Q4 with a long streak of double beats, and consensus remains fragile, despite conservative guidance, setting up another strong surprise potential. AWS capacity additions, including over a gigawatt in Q4, should convert backlog into revenue, as AI infrastructure demand continues exceeding available supply across regions. Management's corporate workforce reductions and expanding AI automation could lift operating leverage, supporting stronger-than-expected 2026 margin guidance and EPS revisions.
Stanley Druckenmiller never had a losing year in three decades running money. When someone with that track record loads up on mega-cap tech, you pay attention.
Amazon is calling it quits on its Fresh grocery and Amazon Go convenience store concepts as it realigns its grocery strategy around online delivery and Whole Foods, the company announced.