Amazon company headlines, earnings, strategy, leadership, and market-moving business updates.
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A Yahoo Finance update tied a pre-bell rise in US equity futures to Amazon’s relatively strong stock performance, while investors weighed fresh concerns about the scope of conflict in the Middle East.
THE APEX TIMES
THE APEX TIMES
Investors cheered another quarter in which Amazon’s cloud business moved faster, helping the e-commerce giant beat Wall Street expectations.
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Equity benchmarks were set to rise before Friday’s market open as traders pointed to Amazon’s latest results as a read-through for demand tied to artificial intelligence.
THE APEX TIMES
Ahead of the open on Friday, US equity futures rose, with technology shares leading gains. Amazon stood out as investors appeared to reward megacap earnings momentum while watching for signs that conflict in the Middle East could broaden to Egypt.
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U.S. index futures extended gains, with technology stocks outperforming as investors reassessed how durable the artificial intelligence-driven market rally may be. Amazon led among mega-cap tech names, while Apple traded lower after a weak outlook.
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Tech stocks were poised to build on Thursday’s momentum as markets weighed renewed hopes around artificial intelligence, after gains tied to Microsoft’s rally and a boost in sentiment around Amazon.
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Amazon.com Inc. surged in early trading after reporting a quarter that beat expectations, with the strength linked to its cloud business. The company also raised its capital-expenditure outlook, indicating continued investment in capacity and infrastructure.
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Wall Street reacted positively to a quarterly revenue print that topped forecasts, even as investors weigh how Amazon’s large artificial intelligence investment agenda could affect future costs.
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Amazon says it will increase spending on AI-related computing capacity, pointing to sharply higher memory chip costs and accelerating demand for machine learning services and workloads.
