Amazon recently reported its fourth-quarter results, with sales rising 10% to $187.8 billion and earnings per share up 54% to $1.86, both ahead of Wall Street's consensus estimates. And the company's advertising business, once an afterthought, now has sales of $17.3 billion.
Subscribe to TheStreet's free daily newsletter💰💸 Microsoft and Amazon were at the heart of the effort, given they operate two of the world's biggest cloud data hyperscalers, Azure and Amazon Web Services,
Beach Investment Counsel Inc. PA cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
With the S&P 500 dominated by a few big tech stocks, this index fund looks increasingly appealing for long-term investors.
Goldman Sachs raised its target price for Chinese stocks on Monday, estimating that AI adoption could boost earnings growth and potentially bring in $200 billion of inflows. Chinese tech stocks have been on a strong rally,
Wells Fargo analyst Mike Mayo raised the firm’s price target on Goldman Sachs (GS) to $720 from $680 and keeps an Overweight rating on the