Amazon is reinstating "bar raisers" for entry-level software engineer interviews. The move is aimed at increasing the quality of employees that Amazon hires.
John Schulman, co-founder of OpenAI, announced he is leaving to join rival Anthropic, the AI startup backed by Amazon. He follows out of the door senior figures such as Jan Leike and Ilya Sutskever.
Changes in the prices of Amazon's stock holdings affect its quarterly earnings, which can be a positive or negative. Amazon's largest stock holding, electric vehicle (EV) maker Rivian Automotive, is worth watching.
Big Tech companies are spending huge amounts on artificial intelligence ( AI ) in efforts to benefit from deploying the technology down the road. According to The Financial Times, Big Tech firms increased their capital expenditures by 50% in 2024 to $100 billion in order “to build the infrastructure supporting artificial intelligence.
Amazon stock fell sharply following a mixed Q2 earnings report. Despite strong earnings momentum, weaker trends in the retail business highlight some concerns of slowing consumer demand. Amazon benefits from overall solid fundamentals, but that may not be enough to stem the headwind of macro volatility.
The market's fear over a potential AI bubble certainly has good reasons. However, the fear is overblown in the case of Amazon.com, Inc. judging by its Q2 results. In Q2, Amazon continued to show the superiority of its e-commerce, well-balanced revenue sources, and differentiating services/products.
Suddenly we're headed for a recession. Or so it seems on Wall Street.
Investors with an interest in Internet - Commerce stocks have likely encountered both Amazon (AMZN) and Coupang, Inc. (CPNG). But which of these two companies is the best option for those looking for undervalued stocks?
Amazon's price drop following its Q2 2024 results has some basis, but it's a clear overreaction since the company's fundamentals still look good. Sales growth can continue to sustain in Q3 2024, going by the company's latest guidance, and the operating margin can stay strong too. While there are still risks from a slowdown in its US market and rising competition, it remains to be seen whether they can cause a significant dent.
Recently, Zacks.com users have been paying close attention to Amazon (AMZN). This makes it worthwhile to examine what the stock has in store.
Panic sellers never win. And when shareholders get the jitters because the stock market undergoes a natural correction, it is those who see it as a buying opportunity who are poised to profit over the longer term.
Amazon has millions of loyal customers that should help keep sales growing. Deckers Outdoor is growing fast and shows no signs of slowing down.