AMZN News

This surge followed the announcement of third-quarter net sales hitting $158.9 billion, marking an 11% increase from the previous year.

Amazon CEO Andy Jassy emphasized the company's commitment to developing in-house AI chips, like Trainium and Inferentia, to improve price performance for AI workloads, while maintaining a strong partnership with Nvidia, as Amazon Web Services (AWS) reported 19.1% growth and robust customer demand.

Explore the latest CDC analysis on workplace cannabis use across industries. Discover which sectors are driving this trend!

Amazon beat third-quarter estimates for revenue and earnings per share and shared an update on guidance Thursday.

Amazon isn't the only tech giant looking abroad. Various cloud service providers, including Microsoft, are aggressively expanding in Europe.

NVIDIA Corp (NASDAQ:NVDA) shares are falling in early trading Tuesday following a report suggesting Amazon.com Inc (NASDAQ:AMZN) halted orders of the company's "superchip" in order to wait for updated models.

Gundam crossover in Call of Duty Modern Warfare 3 and Warzone Season 4, launching May 29. Discover other upcoming events.

Paramount stock has been declining due to recent news about Warren Buffett's Berkshire Hathaway selling its stake. Technical indicators suggest further bearish movement.

Explore TikTok's shift to longer videos with hour-long uploads tested for select users. Learn about expanded content options.

On Wednesday, Cisco Systems Inc (NASDAQ: CSCO) reported its fiscal third quarter results and both its top and bottom-line surpassed Wall Street’s estimates. However, this does not change the fact that revenue suffered its steepest decline in 15 years.

Jassy, who took over from Jeff Bezos in 2021, believes that a positive attitude is the key to success. He emphasized the importance of a positive mindset, especially in one's 20s, as it significantly impacts success.

Media companies could continue to win big with NFL rights deals. A look at the key primetime 2024 NFL games and betting odds to win Super Bowl LIX.

Stock markets worldwide are reaching record-breaking highs. This unprecedented rally, spanning from Tokyo to New York, has seen 14 of the world's 20 largest stock markets hit all-time highs.

CoreWeave, an AI cloud-computing startup supported by Nvidia, has secured $7.5 billion in debt financing from Blackstone, Carlyle Group, and BlackRock. This funding follows a $1.1 billion equity round, valuing CoreWeave at $19 billion. The funds will expand their data centers and purchase AI chips.

TikTok is testing 60-minute video uploads for select users, challenging platforms like YouTube. LinkedIn and Uber Eats are also exploring short-form video features.

On Thursday, Walmart Inc (NYSE: WMT) surpassed estimates with fiscal first quarter earnings and revenue expectations. The discounter significantly expanded its e-commerce sales and boosted profits with newer businesses, including advertising and its efforts to appeal to more affluent&nbs

BofA Securities' Alexander Perry initiated coverage on SharkNinja with a Buy rating and a $90.00 price target. Perry highlighted the company's robust growth potential, driven by its data-driven innovation and market expansion. SharkNinja's plans to launch 25 new products annually, along with expanding shelf space at major retailers like Amazon, Walmart, and Costco, are expected to bolster its market share.

Microsoft's emissions increased by 29.1% due to data center expansion for AI and cloud computing, competing with Amazon and Google. It plans to use 100% carbon-free electricity by 2030.

Tesla's decision to lay off approximately 500 employees from its Supercharging team as part of its global restructuring efforts has garnered significant attention.

Paramount Global is reportedly discussing a potential media partnership expansion with Amazon, focusing on bundling channel sales and advertising. Paramount+, already featured on Amazon's Channels store, could see enhanced integration. Concurrently, Paramount is evaluating acquisition proposals from David Ellison and Apollo Global Management.

A market sell-off on the heels of Consumer Price Index (CPI) inflation data Tuesday saw the broader U.S. markets post their worst day year-to-date in 2022. Here’s a look at how the market collapse impacted the wealth of the richest people in the world.