Some Wall Street experts are warning investors could be in for a bumpier ride than usual this earning season.
This summer, Amazon moved Prime Day to June 23-26, leaving July without its usual commercial centerpiece for the first time outside the pandemic-disrupted 2021 event. The shift created an apparent hole in merchants' calendars.
Amazon.com Inc. (AMZN) shares fell about 4% in trading on Thursday after a report said a US Senate panel is investigating whether the company allowed China to exert undue influence over its online marketplace. According to Bloomberg, Republican staff members on the Senate Small Business Committee have been examining potential “Amazon negligence related to Chinese influence” and have uncovered “compelling evidence,” citing committee correspondence and interviews.
Alphabet had a great earnings report and increased its capex budget for 2026, but the stock fell. Investors are nervous that big tech companies are overspending to build AI infrastructure.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) stock is down 4% to $234.81 Thursday afternoon, cutting through what had been a relatively steady July trading range for the e-commerce and cloud giant.
I keep hitting the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction), and Alphabet (NASDAQ:GOOGL) just handed me another reason to keep going.
Amazon (AMZN, Financials) is the e-commerce and cloud computing giant now under scrutiny by the U.S. Senate for suspicions that Chinese influence had a role in
Jimmy Chang, Chief Investment Officer at Rockefeller Global Family Office, used CNBC's Closing Bell Overtime to deliver a pointed warning ahead of Big Tech earnings: the record AI CapEx cycle may already be masking an overbuild that markets have not yet learned to see.
Microsoft will test an advertising-supported system for allowing people to stream games they own. Amazon is bringing its Luna cloud streaming offering to the Prime Video service bundled with Prime subscriptions.