Echoing the early days of AWS, Amazon is ignoring the doubters and aggressively pursuing its AI investments.
The stock market's looking to continue upward movement with some big names in focus.
Amazon.com said on Thursday its pharmacy unit will stock Eli Lilly's new weight-loss pill at kiosks located at some of the company's primary care clinics and offer same-day delivery of the drug.
Amazon.com's annual revenue run rate for its chips business, which produces its Graviton and Trainium processors, is now over $20 billion, CEO Andy Jassy said in a letter to shareholders on Thursday.
Amazon is preparing to end support for Kindle devices released before 2012 — cutting them off from the Kindle Store and making them virtually unable to load any new content. The company set a cutoff date set for May 20, 2026.
Amazon's aggressive push into artificial intelligence is raising investor concerns over soaring capital spending, but analysts argue the strategy is aligned with surging cloud demand. As the company ramps up data center investments, metrics like backlog growth and improving productivity suggest the long-term payoff could outweigh near-term pressure on margins.
Amazon's aggressive AI investments are spooking investors — but one analyst believes they're necessary for the company to fulfill accelerating cloud demand.
Certain brands are reportedly having a harder time selling on Amazon these days. As The Information reported Tuesday (April 7), the eCommerce giant has in recent months brushed off requests from wholesale suppliers to increase what it pays for their products.
Matt Garman, CEO of Amazon Web Services, said the cloud infrastructure provider has teams working around the clock to keep its infrastructure operating in the Middle East. AWS data centers in Bahrain and the United Arab Emirates were damaged in drone strikes last month.
Insurance stocks surged as CMS announced a 2.48% Medicare Advantage payment rate increase for 2027, reversing prior negative sentiment. SpaceX (SPACE) is set to launch its IPO roadshow the week of June 8, with unprecedented retail investor allocation and a target valuation above $2T.
Warren Buffett's Berkshire Hathaway has outperformed the S&P 500 for many years, so it can pay to check out its portfolio when the market is dropping. Amazon has multiple growth levers, but it also sells essential products and has tremendous revenue growth that has not been reflected in the stock price.
One of the most successful investors, Peter Lynch is known for managing a fund at Fidelity Investments and delivering exceptional results.