Tech companies with Middle East operations have scrambled to respond as fighting rippled across the region following the U.S.-Israeli military campaign against Iran. Nvidia temporarily closed its Dubai office, while Amazon shuttered all its corporate offices in the Middle East.

Amazon will soon begin rolling out a 15-minute delivery service for select goods in Brazil, saying the country is one of its top priorities, Reuters reported Tuesday (March 3).

After starting the year reasonably well, tech titan Amazon.com Inc NASDAQ: AMZN has been under pressure since. Its shares tumbled more than 20% into mid-February and were still roughly 18% below their 2026 high in early March.

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There are short-term opportunities in the SaaS-pocalypse, says John Freeman, but you need to be careful in the software names you look at. Names he sees rebounding in the space include ServiceNow (NOW), Microsoft (MSFT), and Amazon (AMZN).

Markets are under pressure today as escalating tensions in the Middle East unsettle investors. Equities are selling off broadly, from the US to Europe to emerging markets, as risk appetite contracts and capital moves defensively.

Amazon will keep its most popular podcasts on the audio book app Audible but will close its Wondery app and the Wondery+ subscription service months after the podcast network laid off 100 workers in a reorganization last year.

Anthropic's app Claude tops Apple's App Store after backlash against OpenAI. Amazon's $8B investment now worth $13.8B and could add $6B in revenue to AWS.

Amazon's (NASDAQ:AMZN) newly announced strategic partnership with OpenAI is a “positive proof point” for the competitive positioning in AI for its Amazon Web Services arm, Goldman Sachs said. The agreement includes an investment by Amazon of up to $50 billion and an expanded eight-year, $138 billion workload commitment from OpenAI to AWS.

Amazon said two of its data centers and a facility in the Middle East were significantly damaged by drone strikes amid attacks in Iran, taking their services in the region offline.