Amazon is investing at least $20 billion in Pennsylvania to expand its data center infrastructure. [contact-form-7] The new investment, announced Monday (June 9), is aimed at bolstering the tech giant's artificial intelligence (AI) and cloud computing technologies.
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Zacks.com users have recently been watching Amazon (AMZN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Phil Palumbo sees Friday's jobs report signaling a persisting "robust" economy. He goes as far to say inflation "won't be a problem" and thinks the Fed's needs to cut 25 to 50BPS near-term.
Amazon's retail business won't grow its hiring budget this year. An Amazon spokesperson said the company is still hiring.
Amazon.com Inc (NASDAQ:AMZN)'s growing investment in robotics represents a significant long-term cost-saving and margin-enhancing opportunity, analysts at Bank of America believe. The analysts have a ‘Buy' rating on Amazon and a $248 price target, implying upside from Friday's share price of about $212.
AMZN commits $10B to expand AI cloud capacity in North Carolina as AWS and custom chips drive revenue growth.
Amazon.com Inc. (NASDAQ: AMZN) reportedly is testing humanoid delivery robots as a way to reduce the costs of delivering packages.
Amazon.com Inc. (NASDAQ: AMZN) has been one of the stock market's biggest success stories ever.
Amazon.com Inc (NASDAQ:AMZN) has pledged to improve its handling of fake reviews following an investigation by the UK's Competition and Markets Authority (CMA). The move aims to give shoppers more confidence in product ratings, which influence billions in annual spending.
Amazon has agreed to clamp down on fake online reviews of products advertised on its UK site, Britain's competition regulator said Friday.
Amazon announced the launch of the Amazon Web Services (AWS) Asia Pacific (Taipei) Region on Thursday, along with plans to invest more than $5 billion to support the construction, connection, operation, and maintenance of its data centers in Taiwan.