Amazon stock
2024 - 11 - 1Amazon Stock Soars on AI Joy – Who Needs a Maple Syrup Rush?
AI - Amazon - Cloud Computing - Earnings Report - Jeff Bezos - Stock MarketAmazon's latest earnings send its stock soaring! With AI on its side, the e-commerce giant is making waves while we wait for our poutine cravings to kick in.
In a spirited turn of events, Amazon.com (NASDAQ:AMZN) has reported earnings for the third quarter that exceeded analyst predictions, sending its stock soaring by over 6% in premarket trading. This impressive performance is primarily attributed to surging demand for its cloud computing services, complemented by robust gains in e-commerce sales. Amazon's earnings reported came in at $1.43 per share on a formidable revenue of $158.88 billion, showcasing not just resilience but also a growing dominance in the tech landscape. As Wall Street analysts dissect these numbers, many are already eyeing new price targets that reflect a bullish outlook for the retail titan.
The e-commerce powerhouse not only beat earnings expectations but also jingled investor optimism with a performance that defied concerns over its fourth-quarter revenue guidance. While investors tend to fret when guidance appears lower than expected, the robust earnings from Amazon's core businesses demonstrated that the company is thriving in an increasingly competitive environment. From North America alone, e-commerce sales totaled $95.5 billion. It seems that the formula for Amazon's success is a dash of AI sprinkled over solid operational strategy, a recipe that’s sure to keep its stock sizzling.
Market analysts have noted that Amazon's impressive results are part of a broader trend benefiting tech giants like Intel, which recently reported similar financial health. The that boost from these giants is lifting U.S. stock indices, including the Dow Jones Industrial Average which rose over 276 points as of the latest trading session. This marks a refreshing change of pace after a sell-off that seemed determined to spoil everyone’s October vibes. Investors are upbeat as they welcome the latest earnings from these tech titans, substantially contributing to an optimistic market tone.
Interestingly, Amazon Web Services (AWS) continues to be a significant cash cow, underscoring the company's strategic shift towards cloud computing as a primary revenue generator. And while Amazon’s stock metrics flash bright green, let’s not forget the quirky footnote that in the world of tech and finance, trends come and go faster than Canadians can sip a double-double. It's a whole new ball game of volatility where the only certainty is uncertainty—and perhaps the love for a good cup of coffee!
On the more entertaining side, while we’re currently watching Amazon’s rise, it’s like watching our favorite hockey team slip past defenders to score a beauty—if there were AI assisting them on the ice! And here’s another fun fact: Did you know that Amazon’s founder Jeff Bezos started the company selling books on the internet from his garage? Now he’s aiming for the clouds—literally! Whether you’re team AWS or team Prime Delivery, one thing’s for sure; with every earnings report, Amazon is a thrilling ride that makes for good chatter while enjoying a plate of poutine!
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Amazon Stock Eyes Record Highs After Earnings (Schaeffers Research)
The e-commerce company's strong third-quarter results included $1.43 earnings per share on revenue of $158.88 billion, both of which beat Wall Street's ...
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Stock market today: Gains for Amazon and Intel help send Wall ... (The Globe and Mail)
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Markets are taking a big miss in the monthly jobs report in their stride as they welcome Amazon and Intel's results.
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Dow Jones futures: Apple and Amazon diverged after Meta and Microsoft led a stock market sell-off. The October jobs report is on tap.
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FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and ...
Amazon Stock Jumps As Q3 Helps Ease What 'Everyone Was ... (Investor's Business Daily)
Amazon stock is surging Friday after its Q3 results helped ease investor concerns about operating margins for the tech giant.
Stock market today: Gains for Amazon and Intel help send Wall ... (Coast Reporter)
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Why Amazon Stock Rallied Friday Morning (The Globe and Mail)
There were other bullish indicators. Each of Amazon's major business segments displayed positive results. North American e-commerce sales of $95.5 billion ...
Amazon stock pops after Q3 earnings beat (Yahoo Finance)
Amazon reported third quarter earnings on Thursday amid a volatile week for Big Tech stocks.
Amazon Stock Climbs as Analysts Raise Price Targets on Soaring AI ... (Investopedia)
Amazon shares jumped Friday as multiple analysts raised their price targets for the e-commerce giant following third-quarter results that topped ...
Stock market today: Gains for Amazon and Intel help send Wall ... (Business in Vancouver)
The Dow Jones Industrial Average was up 276 points, while the Nasdaq composite was 0.7% higher. Amazon rallied after delivering a stronger profit than analysts ...
Stocks Supported by Strong Amazon and Intel Earnings (The Globe and Mail)
Also, chip stocks are climbing today, led by a +5% jump in Intel after it reported better-than-expected Q3 revenue and forecasted Q4 revenue above consensus.
Why Amazon Stock Rallied Friday Morning (The Globe and Mail)
Shares of Amazon(NASDAQ: AMZN) climbed higher on Friday, adding as much as 7.6%. As of 10:52 a.m. ET, the stock was still up 7.1%.
Amazon, IBD Stock of The Day, Jumps 7% As Earnings Beat Eases ... (Investor's Business Daily)
Amazon stock is surging Friday after its Q3 results helped ease investor concerns about operating margins for the tech giant.
Stocks Jump on Solid Amazon Earnings and Dovish US Payroll Report (The Globe and Mail)
Also, chip stocks are climbing today, led by a +5% jump in Intel after it reported better-than-expected Q3 revenue and forecasted Q4 revenue above consensus.
Amazon Stock Today: Why This Iron Condor Could Make $178 ... (Investor's Business Daily)
Amazon stock emboldened the bulls Friday after a solid quarterly report. Let's investigate reward and risk with an iron condor option trade.
Jeff Bezos unloads $3B worth of Amazon stock in latest sale (GeekWire)
(Bezos Earth Fund Photo) Amazon founder Jeff Bezos is selling more than $3 billion worth of Amazon shares, according to a new regulatory filing revealed.
Amazon (AMZN) Stock Trades Up, Here Is Why (The Globe and Mail)
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 7.6% in the morning session after the company reported impressive ...
Why Amazon Stock Rallied Friday Morning (Motley Fool)
Cloud growth is accelerating, and profits are booming, with a little help from artificial intelligence (AI).
Amazon stock jumps most in 9 months as cost cuts, cloud spark ... (Yahoo Finance)
Amazon shares jumped as much as 7.6% on Friday, putting them on pace to close near all-time highs.
Amazon (AMZN) Stock Trades Up, Here Is Why (The Globe and Mail)
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 7.6% in the morning session after the company reported impressive ...
Amazon shares jump 6% after earnings beat (NBC Southern California)
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