Nasdaq AMZN Amazon

Let's make a deal. That's been the operating mantra for technology leaders such as Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) when it comes to artificial intelligence (AI).

Costco Wholesale (NASDAQ: COST) is well-loved by both customers and investors, and it's easy to see why.

Two of the world's largest companies completed stock splits last year, an operation that suggests a particular player is doing pretty well. A company generally announces a split after the stock has climbed significantly, reaching a level that may put it out of reach for certain i

U.S. stocks took a hit last year as an economic downturn led the Nasdaq and NYSE composites to tumble 33% and 12% respectively over the past 12 months. Some of the hardest-hit companies were in the tech market, as spikes in inflation led to steep declines in consumer and commerci

OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the company’s plans.

Shares of Rivian Automotive Inc fell by nearly 23% on Thursday, the biggest daily percentage decline since their debut in 2021, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which mature in October 2030 and can be converted to either cash or its shares, will help it to "de-risk" the launch of its R2 sports utility vehicle in Georgia, a company spokesperson told Reuters on Wednesday.

Amazon stock is under pressure amid tech sector weakness, but three potential catalysts make this dip worth braving for contrarians.

As one of the largest forms of consumer borrowing recently, student debt has surged significantly in the last decade. According to Council on Foreign Relations, $1.6 trillion which is collectively owed by around 44 million U.S. bo

Shares of Rivian Automotive Inc fell by more than 20% on Thursday, and were on course for their biggest daily percentage decline since May last year, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds.

Pottery Barn, a portfolio brand of Williams-Sonoma, Inc. WSM, has collaborated with Warner Bros. Discovery Global Consumer Products ("WBDGCP") to launch a home furnishing collection inspired by the movie Elf.The exclusive Elf coll

Wayfair W expanded the French-country-styled Kelly Clarkson Home line’s offerings on the back of its latest launch, The Montana Collection.Notably, the new launch is inspired by Wayfair’s official brand ambassador, Kelly Clarkson’

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Investors in Amazon.com Inc (Symbol: AMZN) saw new options begin trading today, for the November 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMZN options chain for the new November 24th contracts and identified one put and one

2023 is the year of efficiency for Amazon ( NASDAQ:AMZN ), as the company is looking to enhance its profitability through cost discipline. In addition, the Internet commerce and cloud company is prioritizing its  AI (artificial intelligence) strategy to integrate this transformative technology into its AWS’ (Amazon Web Services) suite of services to maintain its leadership in the cloud space. These initiatives keep analysts, who see substantial upside potential in AMZN stock, optimistic about its prospects.  Therefore, let’s delve into AMZN’s initiatives aimed at driving profitability and strengthening its position in the AI space. Amazon Shuttering Businesses As part of its broader cost restructuring strategy, Amazon is closing down several of its businesses, as they weren’t producing the returns the company hoped for. Amazon is winding down its live radio app Amp, which enabled users to take on the role of DJs, offering commentary while playing music tracks, as reported by  Bloomberg.  Besides Amp, the company shuttered its health-focused Halo division. Further, several media outlets reported that Amazon had closed the tests of its home delivery robot Scout as growth slowed amid macro challenges.  Along with shuttering businesses and scaling down experiments, the company eliminated 27,000 corporate roles. These moves are intended to drive revenue, operating income, and free cash flows in the long term and enhance AMZN's return on invested capital.  While Amazon focuses on driving efficiency, it has invested heavily in AI to accelerate its growth. Let’s look at the company’s AI initiatives.  Amazon's AI Push  During its Q2 conference call, Amazon said it is leveraging Nvidia’s H100 graphics processing units to develop generative AI applications. Further, the company announced a strategic collaboration with Anthropic to boost its AI initiatives.  Regarding its partnership with Anthropic,  Wedbush analyst Scott Devitt expressed that this arrangement holds the potential to accelerate the uptake and integration of generative AI capabilities for AWS customers. Further, the analyst added that this “should ease investor concerns that Amazon has been less proactive than its peers in its approach to generative AI.” Devitt reiterated a Buy recommendation on AMZN stock on September 25.  With this backdrop, let’s look at what other Wall Street analysts are saying about AMZN stock.  What is the Future Outlook for Amazon Stock? Amazon stock has gained 45% year-to-date. Despite the significant appreciation in value, Wall Street analysts are bullish about its prospects. With 40 Buys and one Hold recommendation given in the past three months, Amazon stock has a Strong Buy consensus rating. Further, the average AMZN stock price target of $176.02 implies 41.3% upside potential from current levels. The Takeaway Amazon’s focus on cutting costs and driving efficiency should cushion its bottom line. Further, the signs of stabilization in the cloud business and its focus on AI initiatives bode well for future growth, as reflected through its Strong Buy consensus rating on TipRanks. Disclosure

MongoDB MDB has introduced MongoDB Atlas for Healthcare and MongoDB Atlas for Insurance. These two new programs help companies in the healthcare and insurance sectors accelerate the innovation efforts and deliver modern data-drive

Shares of RPM International Inc. RPM gained 6.3% after the company reported first-quarter fiscal 2024 revenues of $2.01 billion, beating the Zacks Consensus Estimate of $1.96 billion.Shares of Amazon.com, Inc. AMZN rose 1.8% on me

Artificial intelligence (AI) is more than just the new buzzword on Wall Street. Companies ranging from world-class enterprises to small and medium-sized businesses are increasingly investing in the technology for fear of falling behind their competitors.

This year began in stark contrast to its predecessor, with the major market indexes gaining 20% or more from their respective bottoms to kick off 2023. That said, the market recovery has been largely uneven, with technology stocks leading the gains while other sectors of the mark

December Nasdaq 100 E-Mini futures (NQZ23) are trending down -0.10% this morning after three major U.S. benchmark indices closed higher on Wednesday as the latest batch of U.S. economic data prompted investors to scale back forecasts for Federal Reserve tightening this year, with the focus now turning to Friday’s U.S. jobs data.