Amazon (AMZN) topped third quarter earnings estimates on both revenue and profit. One key metric investors were closely watching is the company's capital expenditures, particularly those related to AI investments.
Amazon founder Jeff Bezos is selling more than $3 billion worth of Amazon shares, according to a new regulatory filing revealed Friday, in his latest stock sale this year.
Reporting impressive Q3 results after market hours on Thursday, Amazon's (AMZN) stock has jumped more than +7% in Friday's trading session.
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Amazon reported strong results that showed a company humming on all cylinders, a testament to its efforts to cut and reallocate costs and put the cloud computing and e-commerce giant on sounder footing. Ramiz Chelat, portfolio manager at Vontobel Asset Management, joins Caroline Hyde and Ed Ludlow to discuss on "Bloomberg Technology.
Dominion CEO Robert Blue said the Virginia utility is discussing small modular reactors with other large data center customers. Dominion serves the largest data center market in the world in northern Virginia.
Amazon.com Inc AMZN analysts see strength in AWS, retail and advertising after the company's third-quarter results.
Amazon.com Inc (NASDAQ:AMZN) put out its Q3 results last night highlighted by strong performance from Amazon Web Services. Analysts at Jefferies cited sustained revenue momentum for AWS driven by growing demand in emerging technologies.
CNBC's Deidre Bosa joins 'Money Movers' to discuss how AI spending showed up in tech earnings.
The management style adopted by Andy Jassy at Amazon is a feature, not a bug, in our view. We believe his approach will benefit long-term investors. The quarter just printed was strong, and we think Amazon stock has a meaningful near-term upside. We rate AMZN stock at Hold.
Anthony Ferry says the shining example of Amazon's success comes from its advertising and AWS segments. Ali Mogharabi agrees, also noting margin expansion and fulfillment process as opportunities to extend its ecommerce dominance.
Amazon shares rallied on Friday following better-than-expected third-quarter results. The company's cloud and advertising units drove growth.