The rivals made billions of dollars in the business over the past year, showing other companies that Nvidia isn't the only game in town.
Amazon (AMZN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Amazon enters Q4 with a long streak of double beats, and consensus remains fragile, despite conservative guidance, setting up another strong surprise potential. AWS capacity additions, including over a gigawatt in Q4, should convert backlog into revenue, as AI infrastructure demand continues exceeding available supply across regions. Management's corporate workforce reductions and expanding AI automation could lift operating leverage, supporting stronger-than-expected 2026 margin guidance and EPS revisions.
Stanley Druckenmiller never had a losing year in three decades running money. When someone with that track record loads up on mega-cap tech, you pay attention.
Amazon is calling it quits on its Fresh grocery and Amazon Go convenience store concepts as it realigns its grocery strategy around online delivery and Whole Foods, the company announced.
Ecommerce giant Amazon and high-end brands LVMH and Chanel have been appointed to Saks Global's newly formed creditors committee, which will give them a stronger voice in the luxury retailer's bankruptcy restructuring.
Amazon's corporate ranks are about to get smaller.
Amazon is cutting 16,000 corporate jobs. Internal memos show how some Amazon executives are communicating about the layoffs.
Amazon said this week that it was closing almost all of its Amazon Go and Amazon Fresh locations within days as it narrows its focus on food delivery and its grocery chain, Whole Foods Market.
The headcount reduction is the second phase of a plan to eliminate around 30,000 corporate roles, which was first announced this past fall.
Amazon is cutting 16,000 corporate jobs An internal FAQ viewed by Business Insider includes details for affected employees. This is the second big layoff by Amazon since October.
Amazon said Tuesday (Jan. 28) that it is cutting roughly 16,000 jobs across its global workforce, marking one of the largest headcount reductions in the company's history.