Nasdaq AMZN Amazon

There's a real hunger and demand for an alternative to the existing hierarchy of social media platforms as Phunware's (NASDAQ: PHUN) stock recently illustrated.

Cryptocurrency has become a hotly debated topic, with Berkshire Hathaway's legendary leader Warren Buffett saying "I don't have any cryptocurrency and I never will," and Tesla's Elon Musk touting Dogecoin at seemingly every opportunity.

We look at the results for Peloton (NASDAQ: PTON), Pinterest (NYSE: PINS), and Roku (NASDAQ: ROKU). While some numbers might've been a bit disappointing for these businesses, the thesis for each is still very much intact.

What happened The stock of the newest electric vehicle (EV) company made a thunderous debut on the market Wednesday. Investors said hello to Rivian Automotive (NASDAQ:RIVN) by pushing its shares 29% above their opening price today.

Stock-market bears got a bit more aggressive Wednesday after a worrisome October inflation report revealed relentlessly rising prices, triggering a spike in bond yields.

Five of the largest and best-known companies in the world are the FAANG stocks. 

Under Armour's (NYSE: UA) (NYSE: UAA) restructuring plan bears fruit as third-quarter profits double and full-year guidance is raised. Chegg (NYSE: CHGG) shares fall 46% on a dismal earnings report. Motley Fool senior analyst Bill Mann, with host Chris Hill, analyzes those storie

NEW YORK (Reuters Breakingviews) - Rivian Automotive is the rare stock-market story that makes Tesla look staid. Having only delivered https://www.sec.gov/Archives/edgar/data/0001874178/000119312521321716/d157488ds1a.htm 156 vehicles, the Amazon

Draft landmark EU rules requiring U.S. tech giants to share information with rivals could put at risk companies' intellectual property and trade secrets, the United States government warned in a document seen by Reuters.

Major U.S. airlines and Amazon.com's aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.

Amazon-backed EV maker Rivian Automotive Inc was set to fetch a valuation of nearly $107 billion on Wednesday, as its shares were indicated to open more than 60% above their offer price on the Nasdaq.

Amazon-backed EV maker Rivian Automotive Inc was set to fetch a valuation of nearly $94 billion on Wednesday, as its shares were indicated to open more than 40% above their offer price on the Nasdaq.

Why Is Rivian Stock Gathering So Much Attention On Wall Street?Rivian Automotive (NASDAQ: RIVN) is charged up and ready to start trading in the stock market today, in what is sure to be one of the hottest IPOs recently. The IPO is being closely watched for good reason. That&rsquo

Wall Street's main indexes were set to fall at the open on Wednesday as data showing a surge in U.S. consumer prices last month deepened fears that high inflation is here to stay.

Amazon-backed electric vehicle maker Rivian Automotive Inc is set for a highly anticipated Nasdaq debut on Wednesday, after raising nearly $12 billion in an upsized offer that made it one of the biggest U.S. initial public offerings.

Wall Street stock futures edged lower on Wednesday as signs of rising inflation across the world dampened investor sentiment ahead of the release of U.S. consumer prices data.

Recessions, which tend to occur at least once every decade, can wreak havoc on high-growth tech stocks -- especially those that are pinned to macro-sensitive industries like advertising, fintech, and enterprise software.

Back in the early 2000s, as Amazon scaled its marketplace, it began providing cloud infrastructure services to third-party sellers. At first, this platform was meant to facilitate Amazon's ambitions in e-commerce, but it eventually became something much bigger. Today, Amazon Web

Amazon.com, Inc. (AMZN) has unveiled its plans for three new operations facilities in Alabama and launched a new fulfillment center for supporting customers across the state.  

Markedly, Amazon’s new Huntsville non-sortable fulfillment center is now open for business. Meanwhile, among the three new sites, the Birmingham delivery station is likely to be operational in November and will employ about 150 individuals. 

Additionally, the Huntsville XL fulfillment center is expected to open in 2022 and will provide more than 250 full-time jobs. Also, the Montgomery receive center, likely to open in 2022, will be an Inbound Cross Dock facility and is expected to provide more than 500 full-time jobs. 

Encouragingly, over 9,000 direct jobs statewide have been created by Amazon, and more than $1 billion was invested in Alabama in infrastructure and compensation to employees. Further, the company is on the verge to add more than 500 full-time jobs to its operation by the end of 2021. (See Amazon stock charts on TipRanks) 

Official Comments 

The VP of public policy at Amazon, Brian Huseman, said, "We are proud to continue our investment in Alabama with thousands of good jobs and new, state-of-the-art operations facilities...We look forward to continued investment as we innovate and grow to better serve our customers across the state." 

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Wall Street’s Take 

Recently, Citigroup (C) analyst Jason Bazinet maintained a Buy rating on the stock but decreased the price target to $4,100 (14.65% upside potential) from $4,175.  

Following the third-quarter results, Bazinet updated his model but continues to foresee "ample room for growth" in Amazon's business-to-business services. 

Consensus among analysts is a Strong Buy based on 29 unanimous Buys. The average Amazon price target of $4,075.34 implies 14% upside potential from current levels. Shares have gained 17.8% over the past year. 

Website Traffic 

TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into Amazon’s performance this quarter. According to the tool, the Amazon website recorded a 30.64% monthly decline, year-over-year, in global visits in October. 

Notably, year-to-date website growth, compared to year-to-date website growth in the previous year, came in at a decline of 2.39%.

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Major U.S. airlines and Amazon.com's aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.