Amazon is upgraded to a buy as AWS growth accelerates and valuation becomes attractive. Q2 net sales grew 20% to $200.6B, with AWS posting its fastest growth in 18 quarters at 37%. Heavy CapEx is justified by robust cloud demand; Trainium adoption seems to be driving margin expansion.
Amazon is developing an automated delivery-station concept that could process packages at about 2.5 times the rate of the company's existing delivery stations, Seeking Alpha reported Monday (Aug. 24), citing a paywalled article by Business Insider.
The socialist mayor has taken the retail giant to task over the status of delivery workers, the sale of illegal e-bikes and fines for idling vehicles.
Over the weekend, Amazon significantly raised the prices of its hardware devices, jacking them up by as much as 60 percent in some cases.
Amazon's Tetromino project aims to fully automate delivery stations. Amazon estimated more than $530 million in investment in Tetromino by 2029.
Tamara Hancock, 48, is a college professor and full-time content creator in the greater Phoenix area. She's used Amazon's Prime Air drone delivery service, which is expanding to 500 US cities this year.
The company is the first to charge for rides in its autonomous vehicle without a steering wheel, dashboard or pedals.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) has quietly become one of the most reasonably priced names in the Magnificent Seven, trading at a forward multiple that looks modest against the pace of
Amazon is taking a page from Alphabet's book and growing its custom AI chip offerings. Amazon has positioned itself to be a winner no matter how it fares in the AI arms race.
The artificial intelligence boom is turning corporate capital spending into a different kind of arms race.
Amazon (NASDAQ: AMZN | AMZN Price Prediction) trades at $259.39, well below where fundamentals suggest it should.