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The Latest Breaking News from Amazon Web Services

Amazon Stock Moves Higher As AWS Unveils New AI Advancements: What You Need To Know

Amazon.com Inc (NASDAQ:AMZN) shares are trading higher Tuesday. Amazon Web Services made a slew of announcements at its re:Invent 2024 conference, including the general availability of Trainium2, new database capabilities, Bedrock updates and new foundation models. Here's what you need to know.

Benzinga

Amazon Web Services Mix Of Marvell And Trainium Still Trails Nvidia: Analyst

Bank Of America analyst maintains Buy rating on Amazon with $230 price target. AWS and Marvell deepen collaboration for AI and data products.

Benzinga

Claude AI: The new (virtual) assistant who can plan your holidays and code a website

The latest chatbot to hit the market is Anthropic’s response to ChatGPT: a sleeker, more elegant assistant named Claude who could even lay claim to a moral compass

Evening Standard

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How Oracle Got Its Mojo Back. What's Behind The AI Cloud Push Powering Its 80% Stock Gain.

Oracle stock has rallied 80% this year, with the enterprise tech giant emerging as an AI favorite for Wall Street.

Investors Business Daily

Cerebras video shows AI writing code 75x faster than world's fastest AI GPU cloud — world's largest chip beats AWS's fastest in head-to-head comparison

Llama 3.1 405B runs at nearly a thousand tokens a second on Cerebras Inference, and took a quarter of a second to get the first token.

Tom’s Hardware

Tencent Cloud To Take On Big Three With WeChat's Integrated Super App Ecosystem

Tencent Cloud CEO Dowson Tong reveals plans to revolutionize cloud computing with WeChat's integrated super app ecosystem, challenging dominant players Amazon, Google, and Microsoft

International Business Times

Amazon beats Wall Street expectations with strong cloud business growth

Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast

The Guardian - US

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Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader

Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one.

Fortune

Amazon Has 'Never Been Stronger.' Why Some Investors Are Uneasy Heading Into Q3 Report.

Amazon stock is still digging out from a summer slump ahead of its Q3 earnings report Thursday. Here's what to watch.

Investors Business Daily

3 Cloud Computing Stocks to Buy as the Digital Shift Expands

As the digital shift accelerates, the cloud computing market offers significant investment potential, driven by increasing digital transformation, rising infrastructure spending, and the adoption of AI. With these trends in mind, investors could consider fundamentally strong cloud computing stocks like Amazon.com (AMZN), Oracle (ORCL), and Salesforce (CRM) as the digital…

StockNews.com

Amazon Stock Tests Key Level After Slipping On Q4 Results. Is It A Buy?

Amazon stock fell below an entry point after its Q4 results featured a weaker-than-expected sales forecast. But analysts remain bullish.

Investors Business Daily

Quit if you don’t like our office-working policy, Amazon executive suggests

Matt Garman, head of AWS unit, says ‘there are other companies around’, according to transcript

The Guardian - UK

Amazon boss has a brutal response to staffers who don’t like 5-day RTO mandate: Leave

Amazon CEO Andy Jassy has told staff to be in the office five days a week, with AWS CEO Matt Garman saying staff should leave if they don’t like it.

Fortune

Amazon Stock Falls After Rare Downgrade. Watch Out For These 'Multiple Headwinds'

Amazon stock fell in Monday trading after the tech behemoth got a rare downgrade from an analyst, citing headwinds for margin growth.

Investors Business Daily

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StockNews.com

With AI Booming, Is Pegasystems the Software Stock to Buy Now?

Pegasystems’s (PEGA) second-quarter results easily beat analysts’ expectations. The company’s long-term prospects appear bright with continuous innovation with AI and steady financial performance. So, let’s analyze whether this is the software stock to buy now. Read more to find out.

Barchart

Can Microsoft Dethrone Amazon as the Leader in Cloud Computing?

Microsoft is a rising cloud contender, putting up a tough fight against Amazon. Which stock is the better buy now?

Tom’s Hardware

Intel outlines a plan to get back in the game: Pause fab projects in Europe, make the foundry unit an independent subsidiary, and streamline the x86 portfolio

Intel reviews its projects and product plans as part of the turnaround plan introduced in August.

Investors Business Daily

Intel Stock Rises As Amazon, Feds Throw Lifelines To Troubled Chipmaker

Intel stock rose after the beleaguered chipmaker announced funding from the U.S. government and an alliance with Amazon Web Services.

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Investors Business Daily

Dow Jones Rises On Surprise Retail Sales; Intel Rallies On Amazon AI Chip Deal

Stock Market Today: The Dow Jones rose Tuesday on surprise retail sales data. Intel stock surged on an AI chip deal with Amazon.

inkl

AMZN in Focus: Can Amazon’s Stock Survive Rising Competition?

Amazon (AMZN), a global leader in technology and e-commerce, continues to be a focal point for investors in September 2024. After years of dominating the retail and cloud computing industries, the company's stock performance is closely watched as a barometer for both the technology sector and the broader economy. As…

Investors Business Daily

Bitcoin Miners Forge Lucrative AI Deals. They Have A Big Advantage.

Bitcoin miners are consolidating as crypto prices drop, but have something that deep-pocket AI developers need badly. Here's what's up.

International Business Times

Amazon To Invest GBP8 Bn In UK In Boost For New Labour Govt

US tech giant Amazon is to invest GBP8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.

TechRadar

AWS is spending £8 billion to boost its UK cloud business

AWS UK expansion could support up to 14,000 jobs annually.

The Guardian - UK

Reeves announces £8bn UK investment by Amazon’s cloud computing arm

Chancellor says move will create as many as 14,000 jobs at firm’s datacentres and in a range of other industries

Investors Business Daily

Why Amazon And Oracle Could Both Have 'A Lot To Gain' Working Together

Oracle stock is rocketing higher Tuesday, helped by a strong earnings report and its plan to partner up with Amazon.

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