Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.
Amazon hit a new record share price Thursday for the first time since July 2021, completing its dramatic recovery from its 2022 doldrums as investors seemingly can’t get enough of big technology stocks.
Musk’s net worth is down almost $60 billion in 2024 alone, according to Forbes’ estimates, as Tesla stock tanked and a judge swatted down Musk’s record compensation package.
The world’s third-richest person sold some of his Amazon stock for the first time in more than two years.
Amazon’s proposed acquisition of Roomba maker, iRobot, has been scrapped over EU antitrust regulatory concerns.
Werner Vogels has a front-row seat on how technology is changing the world. Here are his predictions for 2024
Amazon said Monday it will invest up to $4 billion in AI startup Anthropic, part of a strategic partnership as the tech giant looks to take on the likes of Google, Microsoft and Nvidia in the battle for AI supremacy.
Amazon Prime Video will include advertisements in films and shows starting early next year, the company announced on Friday, joining other streaming services with similar advertisement-free subscription options.
Amazon has owned the smart doorbell company since 2018.
Amazon’s new AI service is focused on offering AI tools to businesses, including two large language models designed by the technology giant.