JoAnne Feeney, Advisors Capital Management partner and portfolio manager, joins 'Squawk Box' to discuss her top stock picks ahead of the opening bell on Wednesday.
AWS's Trainium3 chips and Project Rainier supercomputer position Amazon as a major AI compute leader, challenging Nvidia while advancing Western AI leadership. Despite long-term AI-driven growth, Amazon's current valuation reflects over-optimism. Near-term EV-to-EBITDA compression and moderate CAGR pose risks. AWS may eventually outpace Amazon's e-commerce revenues, but volatility and AI investment risks warrant a Hold rating until valuation aligns with growth potential.
Retail stocks like AMZN, GAP, WSM, TPR and URBN are poised to gain from the surge in retail sales.
Unions have used work stoppages at Amazon.com Inc. (NASDAQ: AMZN) more than once in an attempt to improve pay and benefits.
The S&P 500 index includes the stocks of 500 of the largest U.S.-based companies, and it's frequently treated as the benchmark for overall stock market performance. The index has risen roughly 106% over the past five years (total return).
Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio.
AT&T is requiring many office employees to work on-site a full five days a week starting in January. The telecom giant previously accommodated a hybrid schedule in its return-to-office push.
Move comes after company failed to meet deadline to begin contract negotiations with workers in Staten Island
I reiterate a "buy" rating for Amazon with a revised price target of $320, driven by projected revenue acceleration from its AWS segment with its AI product roadmap. AWS's Nova foundation model on its Bedrock model layer, along with better price performance of its custom silicon are expected to accelerate enterprise AI adoption. Despite high capex, Amazon's diversified revenue streams and its dominance in e-commerce and cloud computing justify these investments for its long-term growth trajectory.
So far this year, the top downloaded app for Apple's iOS is Temu's. The Chinese company may be the first real competitor Amazon.com Inc.
For years, Amazon has faced accusations that the pressure the company puts on its warehouse workers to work more quickly has led to higher rates of injuries.
Amazon (AMZN 2.40%) boasts one of the best management teams in the world.