Amazon.com, Inc. (AMZN)
The Investment Committee give you their top stocks to watch for the second half.
Amazon.com. Inc (NASDAQ:AMZN) is showing strong momentum in its core retail business and significant underlying growth in its Amazon Web Services (AWS) cloud division, driven by accelerating demand for its artificial intelligence services.
Wedbush analysts have high hopes for Amazon.com Inc (NASDAQ:AMZN)'s upcoming third quarter results on October 30, given what they called positive commentary around Amazon Web Service (AWS) growth, “healthy” trends for the core retail business, and strong advertiser demand. In a note to clients on Friday, the analysts highlighted several potential catalysts in the intermediate-term, including more meaningful improvements in cost to serve driven by deeper automation and robotics, commercialization of new AI capabilities in Alexa, monetization of Project Kuiper, which could begin late this year, and an expected increase in Prime Subscription prices in 2026.
Amazon on Wednesday unveiled a wave of AI-powered technology including a new robotic system that's capable of performing multiple tasks at once in the company's warehouses and augmented reality glasses for delivery drivers that it says can assist with their day-to-day tasks. CNBC's MacKenzie Sigalos explains.
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Amazon (AMZN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Major U.S. tech stocks are showing signs of strength ahead of Friday's session. Amazon, Meta, and Apple all point to continued bullish momentum, with dips viewed as buying opportunities despite short-term volatility around key earnings and resistance levels.