Amazon company headlines, earnings, strategy, leadership, and market-moving business updates.
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Agility Robotics, supported by Amazon, is pursuing a SPAC merger that it expects to raise $620 million as it prepares to launch Digit v5, its next-generation humanoid robot.
THE APEX TIMES
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A Yahoo Finance item summarizing Zacks Investment Ideas highlighted Amazon in the same roundup as Nano Nuclear Energy and X-Energy, two developers of next-generation nuclear power.
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The company says the new investment is on top of its previously announced $35 billion plan and is aimed at expanding cloud and artificial intelligence infrastructure in India.
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In a June 18 note summarized by Yahoo Finance, analyst Brian Pitz reaffirmed a Buy rating for Amazon.com (AMZN), framing the stock as a potential AI-led opportunity over the next two years.
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The company says the planned spending builds on earlier India commitments and will expand cloud and artificial intelligence infrastructure, alongside new fulfillment and delivery sites.
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The company said it has expanded wind, solar and other carbon-free generation across Europe, Asia and India, while also backing advanced small modular reactor (SMR) plans with utility partners in the U.S.
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A market note highlighted Amazon (AMZN) as one of the top picks among “AI chip” equities, pointing to recent stock gains and broad sell-side coverage.
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Corning said it has signed a multiyear fiber optics supply agreement with Amazon, linking the supplier’s network hardware to the companies’ shared push to expand data center capacity for cloud and artificial intelligence workloads.
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With Prime Day approaching, Amazon is heading into a high-stakes test of whether its shopping business can keep accelerating, even as investors question how quickly AI spending is translating into sales and efficiency.
