Amazon.com, Inc. (AMZN)
A U.K. Court of Appeals ruled Thursday (Feb. 26) that two lawsuits alleging that Amazon abused its dominant position in the market can proceed, according to updates posted by the Competition Appeal Tribunal. Amazon had asked the court to throw out the collective proceedings, which are similar to class action lawsuits in the U.S.
Alphabet's stock price soared throughout the fourth quarter, helped by a strong cloud computing business. Amazon's stock is now cheaper than at any time in Q4, and its cloud computing unit also continues to excel.
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No matter how transformative AI is, the sector faces two main challenges to its growth in the US.
The stocks of Meta, Amazon, and Microsoft are all off their highs during this current period of AI disillusionment. The SaaS sector has been crushed, but companies like ServiceNow and Salesforce are well-positioned.
It's always interesting to see two great investors take opposite sides of an investment.
TSM reaches $2 trillion milestone, produces chips for major customers like Nvidia, Broadcom, Tesla, and Apple.
Wall Street's Magnificent Seven have been the foundation of the stock market's outperformance. Form 4 filings point to heightened net selling activity over the last year by insiders.
Amazon.com, Inc. (NASDAQ: AMZN) CEO Andrew Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the sale, the chief executive officer owned 2,238,118 shares of the company's stock, valued at approximately $459,217,051.24. This represents