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US stocks: US market ends higher as Amazon soothes AI jittersWall Street closed higher on Friday, driven by Amazon's strong quarterly report. The tech giant's results eased concerns about AI infrastru...- Amazon shares surge 13% as cloud growth eases AI spending fearsAmazon shares rose sharply on Fridat after stronger-than-expected growth at its cloud business reinforced investor confidence in the compan...
- Zepto defers its IPO; Urban Company slips into the redZepto has decided to pause its IPO amid pricing concerns. This and more in today's ETtech Top 5.
- Amazon soars as cloud revenue surge allays fears over ballooning AI betsAmazon shares surged significantly after reporting robust cloud sales growth. This performance reinforced investor confidence in the compan...
- Amazon Now in nine countries, has recorded 80% growth in units sold QoQ: Andy JassyDuring his India visit in June, Jassy announced that Amazon will expand Amazon Now, which offers delivery in 10 minutes in India, to 300 ci...
- AI Boost: Amazon shares jump on blockbuster earnings, upbeat outlookAmazon exceeded second-quarter expectations as strong AWS growth, expanding AI businesses and rising cloud demand boosted profits, reinforc...
- Amazon to boost spending on AI and other technology by $20 billion after strong Q2 resultsThe Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster tha...
- US stocks: US market ends sharply higher, lifted by soaring MicrosoftWall Street surged on Thursday, led by chip stocks and Microsoft's strong forecast. Microsoft's forecast eased investor concerns about mass...
- US stocks: US market advances as Microsoft results ease AI spending fearsUS stocks opened higher on Thursday morning. Microsoft's strong forecast eased investor concerns about AI spending. Major indices like the ...
- Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...
- Global Market: Japan's Nikkei swings between gains and losses as AI stock selloff persistsJapan's Nikkei index saw mixed trading as investors awaited major US tech earnings. AI and chip-related stocks continued to face pressure, ...
- Coursera backs cofounder Andrew Ng's new AI education firm with $100 million investmentCoursera cofounder Andrew Ng said he founded LearnVector because he thinks the popular belief that artificial intelligence will replace wor...
- Fitch warns AI market correction emerging as major global credit riskRatings agency Fitch warns of significant AI-related market correction risks. Unprecedented AI spending and soaring tech valuations raise c...
- Global Market: European shares rise as oil slumps on US-Iran de-escalation; tech earnings in focusEuropean stock markets gained as tensions eased between the United States and Iran. A sharp decline in oil prices supported sectors sensiti...
- Big Tech Earnings Take Center Stage: 10 Stocks to Watch This WeekWall Street enters its busiest earnings week as Microsoft, Meta, Apple, Amazon, Exxon, Chevron and others report results, with investors wa...
- US Stock Market: Equity funds see second week of outflows as big tech earnings, oil rally dampen sentimentU.S. equity funds saw a second week of outflows as caution ahead of big tech earnings and rising oil prices weighed on sentiment. Growth fu...
- US Stock Market: Wall Street eyes Fed decision, AI earnings as traders navigate rising uncertaintyInvestors await the Federal Reserve's policy decision and major tech earnings this week. Alphabet and Tesla results have already caused mar...
- Wall Street Week Ahead: US stocks face tests from Fed decision, tech-led earnings delugeInvestors await the Federal Reserve's interest rate decision and corporate earnings reports. Technology giants and artificial intelligence ...
- Chris Wood warns of massive capital destruction in US as China challenges AI boomJefferies strategist Chris Wood warns that the AI infrastructure boom could trigger massive capital destruction as cheaper Chinese open-sou...
- AI investment boom faces growing credit risks as hyperscalers ramp up debt: JefferiesInvestors are now scrutinising massive artificial intelligence infrastructure spending by major tech companies. Hyperscalers are increasing...
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