Amazon (AMZN) shares jumped Friday as multiple analysts raised their price targets for the e-commerce giant following third-quarter results that topped expectations.
Cloud growth is accelerating, and profits are booming, with a little help from artificial intelligence (AI).
Amazon outpaces both earnings and revenue estimates driven by growth in its cloud computing and advertising businesses.
Shares Big Tech staple Amazon.com Inc (NASDAQ:AMZN) are surging today, last seen 7.2% higher to trade at $199.90.
AMZN's third-quarter results benefit from a solid momentum in AWS. Strength in Prime contributes well.
Often cloud growth drives Amazon's stock movements after earnings, but this time analysts are keying in on overall profit as well as retail momentum for nondiscretionary purchases.
Amazon continues to show why it is one of the best businesses in the world.
Thomas Martin of GLOBALT Investments discusses the positive and negatives from Amazon and Apple's latest earnings reports.
The e-commerce giant's management is "encouraged by the start of the holiday season," its CFO said on the earnings call.
A look at the day ahead in U.S. and global markets from Mike Dolan
Nvidia is capturing attention right now, but a lot can happen in five years.
The e-commerce giant's strong operating earnings are offsetting a huge jump in AI spending and countering worries of declining margins.