Shares of Amazon.com Inc. (NASDAQ: AMZN) lost 0.41% over the past five trading sessions after losing 5.56%% the five prior, bringing the stock's year-to-date loss to 0.39%.
Amazon.com Inc (NASDAQ:AMZN) announced on Wednesday the launch of Amazon Grocery, a new private label brand featuring more than 1,000 food items rated 4 stars or higher. The eCommerce giant said the food selection includes everything from milk and olive oil to fresh produce, meat and seafood, with most products priced under $5.
The consumer discretionary sector remains resilient, driven by robust GDP growth, rising incomes, and strong spending among top earners. Top five Q4 picks: Amazon.com, Laureate Education, Carnival, Red Robin, and ATRenew, all rated Strong Buy. AMZN leads with accelerating profitability and Prime-fueled holiday momentum. CCL and RRGB benefit from strong leisure and dining demand.
Amazon.com Inc NASDAQ: AMZN has been one of the market's hottest tech stocks in recent years, and remains one of its most closely followed. It conquered e-commerce, turned cloud computing into a household term, and built an advertising business on track to bring in more than $60 billion this year.
Amazon.com's cloud unit, Amazon Web Services, announced a multi-year partnership with the National Basketball Association to launch new AI-powered features and data insights from games, the organizations said on Wednesday.
Amazon on Tuesday unveiled the latest generation of connected products, featuring enhanced artificial intelligence capabilities designed to make interactions with AI more frequent and natural.
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An industry shift from AI training to inference is about to become a major tailwind for Amazon Web Services
Amazon (AMZN) remains a Buy due to its strong growth, dominant retail and cloud businesses, and international expansion potential. AMZN trades at a premium to the S&P 500, but selling out-of-the-money put options can generate nearly 10% annualized yield while keeping the options of securing shares at a discount. Recent results show robust revenue and profit growth in both retail and AWS segments, and continued investments are expected to drive long-term gains.
Amazon.com, Inc. remains a compelling Buy due to robust growth in both e-commerce and AWS cloud computing segments. AMZN's latest quarter saw revenue rise 13.3% and net income jump to $18.16 billion, with strong cash flow and expanding margins. AWS continues to drive future upside, benefiting from industry growth and massive investments in AI and cloud infrastructure.
As the worst performer of the Mag 7 this year, investors may be wondering if Amazon stock is being overlooked at the moment.
Aerospace startup Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity market.