Nasdaq AMZN Amazon

Fool.com contributor Parkev Tatevosian discusses the key innovations provided by Tesla (NASDAQ: TSLA), Palantir (NYSE: PLTR), Amazon (NASDAQ: AMZN), and C3.ai (NYSE: AI) in artificial intelligence (AI). He compares the four AI stocks on financial metrics, including valuation, to

Let me be clear: Owning more than just one stock is essential. Indeed, diversification alone can prevent some of the worst blunders for the average investor.

Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange traded fund launched on 09/25/2003.

Making its debut on 06/01/2016, smart beta exchange traded fund Franklin U.S. Equity Index ETF (USPX) provides investors broad exposure to the Style Box - All Cap Blend category of the market.

Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the SoFi Select 500 ETF (SFY) is a passively managed exchange traded fund launched on 04/11/2019.

Artificial intelligence (AI) promises to be one of the most revolutionary technologies in human history. It is already improving productivity, increasing efficiency, and changing the world in ways we cannot yet imagine. More changes are expected but will take time, and naysayers

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Music publishers Universal Music, ABKCO and Concord Publishing sued artificial intelligence company Anthropic in Tennessee federal court on Wednesday, accusing it of misusing an "innumerable" amount of copyrighted song lyrics to train its chatbot Claude.

Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.1%.

Tech stocks fell late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 1% and the Philadelphia Semiconductor index dropping 2.1%.

E-commerce giant Amazon ( NASDAQ:AMZN ) has made quite a name for itself in the online retail industry. It is a global online marketplace with a diverse range of products and services. Aside from online sales, the company has expanded into cloud computing and entertainment. Despite macroeconomic conditions, growth across its segments has the potential to propel its business to great heights in the long run. Amazon's stock has gained 49.4% year-to-date compared to 14% for the S&P 500 ( SPX ). Also, Wall Street appears to be optimistic about AMZN stock amid the company's efforts to integrate  AI (artificial intelligence) and innovate across all its segments. Hence, I am bullish on AMZN stock as well. AWS Segment Could Maintain Its Dominant Position Amazon is a leading player in the cloud computing market with its Amazon Web Services (AWS). What’s more, AWS controls 32% of the global cloud infrastructure market, according to Statista. Meanwhile, the next big players are Microsoft’s ( NASDAQ:MSFT ) Azure and Alphabet’s ( NASDAQ:GOOGL ) Google Cloud. In Q2 2023, the AWS segment generated sales of $22.1 billion, up from $19.7 billion in the year-ago quarter. Net sales for the quarter totaled $134.4 billion, an increase from $121.2 billion in Q2 2022.  Amazon also intends to invest up to $4 billion in AI start-up Anthropic to integrate AI into its products and services to cater to the ever-expanding generative AI niche. In fact, in Q2, it introduced various AWS technologies that use generative AI that it believes will help customers “improve productivity and enhance their security posture.” The global cloud computing market, valued at $546 billion in 2022, is expected to grow at a compound annual growth rate (CAGR) of 17.9% through 2027, according to MarketsandMarkets Research. Amazon, with its dominant position, could capitalize on this massive growth.  Additionally, Amazon is currently evolving its voice assistant Alexa, which will be generative AI-powered by early next year. Management claims the upgraded Alexa will be “more intuitive, intelligent, and useful.” Amazon Prime's Benefits Lead to Customer Loyalty, Recurring Revenue Amazon's success can be credited to its emphasis on convenience, competitive pricing, and providing a diverse range of products to its customers. Its subscription-based streaming service, Amazon Prime, offers a variety of video content. It enables Amazon to generate recurring revenue from loyal customers. As a marketing strategy to attract more Prime subscribers, Amazon even offers free or early shipping, exclusive Amazon deals, and other benefits. Recently, Amazon announced that its Prime subscribers “saved more than $1 billion across millions of deals during Prime Big Deal Days on October 10 and 11.” The company said this holiday-exclusive shopping event outperformed last year’s event, with U.S. customers purchasing more than 25 million items.  BofA predicts the Big Deal sales could lead to $9.1 billion gross merchandise value (GMV) for Amazon, reflecting a strong start to Q4. Currently, BofA has a Buy rating for AMZN stock with a target price of $174. Prime Video Ads Could be a Growth Driver Amazon intends to include a few advertisements in its Prime content next year, which could drive revenue growth. U.S. subscribers will be able to choose a non-ads version for an additional $2.99 per month. Plus, advertising sales could skyrocket in the coming years as the ad market rebounds. Amazon’s advertising sales came in at nearly $38 billion in 2022, and this figure is expected to rise to $71 billion by 2027. UBS analyst  Lloyd Walmsley stated that video ads "will unlock substantial revs (revenues) at high incremental margins, bolstering the margin bull case.” The analyst raised the target price for AMZN to $180 from $175, with a Buy rating. Overall, analysts predict Q3 revenue to be around $141.5 billion and earnings per share (EPS) to be $0.58. The company has beaten earnings expectations for the past two consecutive quarters, and its next earnings release will be on October 26. Also, for 2023, analysts expect a net profit of $2.15 per share compared to a loss of  $0.27 per share in 2022. Revenue for the year could see a jump to $570.1 billion from $514 billion in 2022. Is AMZN Stock a Buy, According to Analysts? Turning to Wall Street, out of the 41 analysts covering Amazon stock over the past three months, 40 recommend a Buy, and one recommends a Hold. The  average Amazon stock price target is $176, implying upside potential of 37.3% over the next 12 months. The highest price target for AMZN stock stands at $230, while the lowest target price is $140. Further, analysts predict that Amazon’s revenue will increase by 11.6% year-over-year to $636.3 billion in 2024, and EPS could jump to $3.09 from $2.15 estimated for 2023. Amazon trades at 61 times forward earnings, which looks quite steep. However, its earnings estimates reflect that analysts are highly optimistic about its growth potential. The Bottom Line on Amazon Over the next few years, by incorporating AI, Amazon has outstanding growth prospects in e-commerce, cloud computing, and digital advertising. It's no surprise why Wall Street loves this  growth stock, expecting over 37% in upside for the next year. Disclosure

Severe drought in the Amazon is forcing Brazilian grain exporters to divert a small number of export cargos to southern port terminals instead of northern ports, grain exporters group Anec said on Wednesday.

Wedbush analyst Dan Ives believes Q3 tech earnings could lift the sector 12-15% higher, which means Wall Street may be underestimating the AI growth potential for leading stocks like Crowdstrike, Microsoft, Amazon, and others.

In the unpredictable 2023 stock market, dividend kings like SPGI, WMT, and PPG, can provide relative stability for investors seeking reliable income, solid business models, and resilient price action.

Tech stocks were lower Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.7% and the Philadelphia Semiconductor index falling 1.6%.

Fintel reports that on October 18, 2023, Wedbush reiterated coverage of Amazon.com (NASDAQ:AMZN) with a Outperform recommendation. Analyst Price Forecast Suggests 31.91% Upside

Amazon.com said on Wednesday it was using a robotic system at one of its Houston warehouses to improve inventory management and speed up deliveries, building on its years-long bet that automation will help boost sales and worker safety.

Wall Street dipped and crude prices jumped on Wednesday as mounting tensions in the Middle East dampened risk appetite and raised oil supply concerns.