AMZN
NASDAQ NMS - GLOBAL MARKET · Retail
Amazon.com Inc
$240.14
+7.45 (+3.20%)
AMZN News30 articles
Exemplar Luxury Group Exits Chapter 11, Debt Halved to $1.2 Billion
Exemplar Luxury Group exits bankruptcy with 49 luxury stores and $1.2 billion in debt, but vendor trust and wholesale dependence remain key challenges.
Amazon's Market Cap Surges $80 Billion as AWS GPU Prices Set to Rise 20%
Amazon's stock surged $80 billion in value on Monday as AWS announced 20% GPU price increases, overshadowing Prime Day's $26.4 billion in sales.
Dow Ends at Record, Nasdaq Surges 2% as After-Hours ETFs Edge Lower
The Dow closed at a record and the Nasdaq surged 2.07%, but major ETFs edged lower in after-hours trading as traders await June jobs data.
Oracle Stock Falls Amid Cash Flow Concerns Despite $638B Backlog
Oracle shares fell 0.52% on Monday, underperforming tech peers, as investors question the timing of revenue from its massive $638B backlog.
AI Stock Divergence in June: Memory and Power Plays Diverge
June saw a clear divide in AI stocks: suppliers with solid orders versus high-multiple spenders. Key players reported strong revenue, while hyperscalers raised debt to fund buildouts.
Dow Closes Above 52,000 as Alphabet Debut Boosts Tech Weight
The Dow Jones Industrial Average closed above 52,000 for the first time, as Alphabet's entry into the index boosted tech exposure. The blue-chip index gained 326.51 points, or 0.63%.
Corning Surges 15% on AI Fiber Deals, Tops All Analyst Targets
Corning shares jumped 15% after AI fiber deals with Amazon and Meta, pushing the stock above all analyst targets and adding $29 billion in market cap.
Dow Rises as Amazon and Alphabet Lead; Advance Loses Breadth
The Dow gained 0.43% on Monday, powered by Amazon and Alphabet, which accounted for roughly 60% of the index's advance. The broader market lagged as gains narrowed.
Wall Street Gains Narrow as Megacaps Outperform, Small Caps Slide
US stocks rose Monday, driven by megacaps, while small caps and chips lagged. Comcast jumped on spin-off news.
Alphabet Enters Dow Jones, But AI Spending Remains the Key Driver
Alphabet's entry into the Dow Jones Industrial Average triggers $1.7 billion in ETF flows, but analysts emphasize that AI spending is the primary market mover.
Amazon Stock Edges Higher as AWS Price Hike Offsets Prime Day Order Decline
Amazon (AMZN) shares rose 0.9% premarket after a 2.5% surge on Friday, as a 20% AWS AI price hike starting July offsets a 10.6% decline in average Prime Day orders. Q2 earnings due July 30.
Microsoft's AI Spending Strategy Under Scrutiny as Stock Rebounds
Microsoft shares surged 5.7% in premarket trading, adding $149 billion in market value, as the market weighs the implications of AI spending that outpaced free cash flow.
Amazon Stock Rises on Prime Day Data, AWS Price Hike in Focus
Amazon shares gained 2.5% Friday on heavy volume, but the stock is still down 4.8% from June 18. Prime Day sales rose 9.3% to $26.4B, while AWS will raise AI compute prices by 20% in July.
Nokia Shares Plunge 6.5% in Helsinki, ADR Volume Surges Ahead of Q2 Results
Nokia shares tumbled 6.5% in Helsinki and 6.9% in New York on Friday, wiping out weekly gains as ADR trading volume nearly doubled ahead of Q2 results.
Snowflake Soars 9.65% in Heavy Russell Rebalance Volume
Snowflake (NYSE:SNOW) jumped 9.65% to $248.96 on Friday, driven by FTSE Russell's index rebalancing, with volume hitting 25.61 million shares. The gain flipped a weekly decline into a 7.2% rise from June 18.
Tech Selloff Deepens as Chip Index Plunges 5.3%; Jobs Data in Focus
The PHLX chip index fell 5.3% Friday and 7.9% for the week, overshadowing broader market gains. Tech funds lost nearly $20 billion as rising memory costs hit Apple and others. June payrolls data is due Thursday.
Snowflake Jumps 9.7% on Strong AI Demand, AWS Deal
Snowflake (SNOW) shares surged 9.7% to $248.96 on Friday, adding $7.6B in market value, after the company reported strong quarterly earnings and raised its full-year outlook.
Semiconductor Slump Hits Wall Street as Tech Giants Hold Steady
Wall Street saw a split Friday as chip stocks tumbled but megacap platforms held firm, with the SOXX dropping 4.67% and Micron falling 4.17% after a previous surge.
Amazon Drops Below Analyst Target Amid Cloud Selloff and EU Scrutiny
Amazon shares closed Thursday at $227.01, below the lowest analyst target of $230, amid a cloud-led selloff and EU scrutiny.
Nokia shares tumble as AI rally fades; €18B wiped out since June peak
Nokia shares slid to €11.74 in Helsinki, extending a pullback that has erased about €18B in market value since the June 3 high. Investors await Q2 results due July 23.
Microsoft's Russell Index Shift Tests Value-Growth Dynamics Amid June Selloff
Microsoft fell 3.46% to a 52-week low ahead of the $150 billion Russell index reconstitution, which places the stock in both value and growth categories. EU regulations, Italian antitrust probe, and rising memory costs add pressure.
US Futures Dip Ahead of Russell Rebalancing; Tech Stocks Retreat
U.S. stock futures slipped Friday as chip stocks gave back gains, while the Russell index rebalancing, expected to trigger nearly $150 billion in forced trades, set the stage for end-of-day volatility.
Amazon Plunges $67B on EU Cloud Crackdown, Overshadowing Prime Day
Amazon shares dropped 2.6%, erasing $67 billion in market cap, as EU regulators moved to classify AWS under tough Digital Markets Act gatekeeper rules.
Dow Surges Over 760 Points as Industrials and Banks Lead Rally
Dow soars 763.79 points as Caterpillar, Goldman Sachs, and Honeywell lead gains, offsetting Apple's 4.8% drop. Alphabet set to replace Verizon in the Dow on June 29.
Boomer Wealth Tops $90 Trillion but Cash Reserves Are Thin, Posing Risks for Banks and Retailers
U.S. baby boomers control nearly $90 trillion in household wealth, yet their average liquid cash is only $100,250, signaling a key risk for firms dependent on retiree cash flow rather than net worth.
Microsoft's $386.6B AI Bet Tests Investor Patience
Microsoft shares have dropped 24% year-to-date, weighed down by massive AI infrastructure spending and regulatory risks, despite strong cloud sales growth.
Corning Stock Gains Despite Flat Dividend as AI Fiber Demand Fuels Growth Bets
Corning shares jumped 6.1% to $205.83, driven by AI fiber demand, as the company held its dividend flat at $0.28 per share, yielding only 0.54%.
Dow Rises on Oil Drop; Tech Weakness Weighs on Nasdaq
The Dow Jones rose 0.36% as falling oil prices lifted airline stocks, while the Nasdaq fell 0.43% on continued tech weakness. Markets await Micron earnings and PCE data.
Affirm surges 10% as Prime Day spending beats expectations, boosting BNPL outlook
Affirm shares surged 9.9% after Amazon Prime Day first-day sales beat forecasts, with buy now, pay later expected to finance $2.04 billion in purchases, up 5.5% year-over-year.
Cerebras Q1 Revenue Surges 94% but Margin Guidance Disappoints
Cerebras Systems posted strong Q1 revenue growth of 94% to $193.4M, but Q2 margin guidance of 36-38% pressured profitability outlook. Shares edged up 1.1%.