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Amazon.com (NASDAQ:AMZN) is well positioned heading into its second-quarter results, according to Bank of America, which raised its estimates for the e-commerce and cloud giant on expectations of stronger Amazon Web Services (AWS) growth fueled by artificial intelligence demand.
Here, we pick four Internet stocks - XYZ, U, AMZN and ANET - that are likely to pull off a beat this earnings season.
Alphabet, Amazon and Fox stand to benefit as streaming expands into advertising, live sports, creator video and connected-TV distribution.
I keep pressing the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction), and the reason is embarrassingly simple: the crowd is looking at the capex line and flinching, while I am looking at what that capex actually builds.
Amazon said it remains committed to investing in AI, describing the layoffs as part of an effort to prioritize the initiatives it believes will have the greatest impact for customers.
Artificial intelligence has become the biggest spending race the technology sector has ever seen.
Italian unions have signed an agreement with Amazon.com covering leave, employee rights and video surveillance, the unions and the US e-commerce giant said on Wednesday.
Oracle shares have shed nearly half their value in twelve months while the company quietly piles up a backlog larger than Microsoft's cloud empire. Something in that math does not add up, and the gap may be exactly where the opportunity hides.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.