Amazon is laying off employees in its cloud-computing unit, Amazon Web Services. Employees are using an internal Slack channel to piece together which teams and how many were cut.
Amazon cut jobs in its Amazon Web Services cloud computing unit Thursday, a spokesperson confirmed following a Reuters inquiry. Several groups within AWS were impacted.
Tech giant Amazon.com Inc NASDAQ: AMZN has been in full breakout mode since April's low, and the chart says it's not done yet. Shares are up nearly 40% from that bottom and are now closing in on February's all-time high.
Just because Elon Musk and Jeff Bezos aren't the best of friends, and Amazon's Project Kuiper will directly compete with SpaceX's Starlink satellites for broadband internet, doesn't mean everyone can't still get along.
Does Amazon (AMZN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 2.40% over the past five trading sessions as the company recently concluded its Amazon Prime Day run.
AMZN tackles tariff turmoil with early inventory moves and seller support to stabilize prices during Prime Day.
Jeff Bezos is brining in a veteran Amazon executive to oversee his $10 billion climate and biodiversity fund. Tom Taylor retired from Amazon in 2022, after running the company's Alexa voice assistant division and overseeing the third-party seller services unit during his 23-year stint at the e-commerce giant.
AMZN remains a compelling long-term investment thesis due to the robust AWS and commerce prospects attributed to the new GenAI revolution and the improved operational efficiencies. This is on top of the robust Prime Day results in Q3'25 and (likely) another sales event in October 2025, with it well balancing the tariff-induced uncertainties. Even so, it goes without saying that AMZN's recent rally may have occurred overly fast and furious, with the premium valuations triggering a minimal margin of safety.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Amazon is planning to offer internet service to areas with poor coverage globally by the end of the year, a move that could bring in billions of dollars in new revenue just from the consumer market alone, according to analysts.
Rob Isbitts talks to analysts Julia Ostian, Jack Bowman, and Kenio Fontes. The market is overheated and dominated by mega caps, making risk management and diversification crucial for investors.