Amazon's founder reportedly sees Prime Video as the place to tout the company's AI efforts. Jeff Bezos has urged Prime Video boss Mike Hopkins to revamp the streaming service to make artificial intelligence (AI) a starring role, Reuters reported Thursday (July 23), citing four sources with direct knowledge of the matter.
Amazon (AMZN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Amazon announced on Thursday that it's bringing games to Prime Video by integrating its Luna cloud gaming service into the streaming platform. Games including “Hogwarts Legacy,” “EA Sports FC 26,” “Indiana Jones and the Great Circle,” “Clue,” and “Taboo” will be available starting today on Fire TVs in the U.S. and U.K.
Wall Street's institutional consensus on the mega-cap tech complex housed in Goldman Sachs Trust's $2.4 billion, 724-position portfolio is unambiguously bullish, with analyst price targets sitting 31.0% and 25%+ above current prices on the two names carrying the widest gaps.
As Amazon.com, Inc. (NASDAQ: AMZN) sees a notable growth rate in Amazon Web Services (AWS) sales, Justin Post, an analyst at Bank of America Corp. (NYSE: BAC), has reiterated a bullish position.
A new Government Accountability Office report commissioned by Sen. Bernie Sanders finds the number of Amazon (NASDAQ:AMZN | AMZN Price Prediction) workers relying on federal food and health assistance has nearly tripled since 2020, even as the company disclosed plans to spend $200 billion on artificial intelligence infrastructure in 2026.
Amazon's Alexa+ looks for ways to reduce its use of Anthropic's Claude models to lower AI costs. Amazon is also trying to use GPUs more efficiently to make Alexa+ cheaper to run.
In the closing of the recent trading day, Amazon (AMZN) stood at $244.85, denoting a -1.09% move from the preceding trading day.
Amazon.com Inc (NASDAQ:AMZN) reports second-quarter earnings on July 30, and Bank of America is raising the bar ahead of the print, arguing AWS is accelerating faster than the Street expects. BofA now projects second-quarter revenue of $198.8 billion and operating profit of $24.1 billion, both above consensus of $196.8 billion and $23.6 billion.
Amazon is laying off some employees in its group focused on artificial general intelligence. The company declined to disclose how many staffers were let go from the unit, which has released a set of AI models, called Nova, and also includes groups working on silicon and quantum computing.
Here, we pick four Internet stocks - XYZ, U, AMZN and ANET - that are likely to pull off a beat this earnings season.
Alphabet, Amazon and Fox stand to benefit as streaming expands into advertising, live sports, creator video and connected-TV distribution.