Amazon Raises Its Ad Spending on Elon Musk’s X
Shares of Amazon (NASDAQ: AMZN) slipped marginally on Wednesday, losing -0.31%. But the big news for the company came on Tuesday as the stock hit its all-time high price of $241.77. That momentum is reflective of investor sentiment heading into the Amazon’s Feb.
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,
Amazon is gearing up to report its latest quarterly financial results next Thursday, Feb. 6. Investors will be focused on the Amazon Web Services cloud segment, which is developing several artificial intelligence (AI) projects.
Kenneth Griffin recently sold off more than 90% of his Amazon (NASDAQ:AMZN) shares through Citadel Advisors. The fund has also sold 14.3% of its Amazon call options while only selling 1.8% of its put options.
Amazon (AMZN – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Nicholas Jones
Analyst re-assesses Amazon stock ahead of Q4 2024 report, noting overvaluation and market-like returns expected.
In Q4, domestic broadband customers fell by 139,000 to 31.8 billion. The company lost 311,000 domestic video customers, which brought the total down to 12.1 million subscribers during the quarter, reflecting the diminishing landscape for cable TV.
The release of Chinese AI model DeepSeek led to a stock market rout for U.S. tech firms on Monday. However, Wall Street believes the industry will bounce back.
UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its business with Amazon.
Palantir Technologies ( PLTR -4.48%) was one of the hottest artificial intelligence stocks on the market last year. Its 340% return in 2024 made it the single best-performing member of the S&P 500 ( ^GSPC -1.46%). However, Dan Ives at Wedbush Securities sees the stock moving even higher. And he recently gave shareholders two reasons to be thrilled:
UPS on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon — a move that will shed some of its least-profitable business and help shelter profits from weak demand for lucrative services like overnight delivery.