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The Latest Breaking News from Amazon Web Services

Amazon's $110 billion cloud business is sporting record profits even amid the expensive the Gen AI arms race

CEO Andy Jassy acknowledged that Amazon must sacrifice short-term profits by spending heavily on AI infrastructure that may pay off big later.

Fortune

Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader

Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one.

Fortune

Amazon Has 'Never Been Stronger.' Why Some Investors Are Uneasy Heading Into Q3 Report.

Amazon stock is still digging out from a summer slump ahead of its Q3 earnings report Thursday. Here's what to watch.

Investors Business Daily

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3 Cloud Computing Stocks to Buy as the Digital Shift Expands

As the digital shift accelerates, the cloud computing market offers significant investment potential, driven by increasing digital transformation, rising infrastructure spending, and the adoption of AI. With these trends in mind, investors could consider fundamentally strong cloud computing stocks like Amazon.com (AMZN), Oracle (ORCL), and Salesforce (CRM) as the digital…

StockNews.com

Amazon exec has tough words for employees over return to office

Matt Garman, CEO of Amazon Web Services, has responded to recent complaints about the company’s new return-to-office policy.

The Street

Is Amazon Stock A Buy? Analysts Set Targets With Q3 Due.

Amazon stock has formed a long consolidation pattern with a buy point at July highs. It will report Q3 results Oct. 31.

Investors Business Daily

Quit if you don’t like our office-working policy, Amazon executive suggests

Matt Garman, head of AWS unit, says ‘there are other companies around’, according to transcript

The Guardian - UK

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Amazon boss has a brutal response to staffers who don’t like 5-day RTO mandate: Leave

Amazon CEO Andy Jassy has told staff to be in the office five days a week, with AWS CEO Matt Garman saying staff should leave if they don’t like it.

Fortune

Amazon Stock Falls After Rare Downgrade. Watch Out For These 'Multiple Headwinds'

Amazon stock fell in Monday trading after the tech behemoth got a rare downgrade from an analyst, citing headwinds for margin growth.

Investors Business Daily

With AI Booming, Is Pegasystems the Software Stock to Buy Now?

Pegasystems’s (PEGA) second-quarter results easily beat analysts’ expectations. The company’s long-term prospects appear bright with continuous innovation with AI and steady financial performance. So, let’s analyze whether this is the software stock to buy now. Read more to find out.

StockNews.com

Can Microsoft Dethrone Amazon as the Leader in Cloud Computing?

Microsoft is a rising cloud contender, putting up a tough fight against Amazon. Which stock is the better buy now?

Barchart

Intel outlines a plan to get back in the game: Pause fab projects in Europe, make the foundry unit an independent subsidiary, and streamline the x86 portfolio

Intel reviews its projects and product plans as part of the turnaround plan introduced in August.

Tom’s Hardware

Intel Stock Rises As Amazon, Feds Throw Lifelines To Troubled Chipmaker

Intel stock rose after the beleaguered chipmaker announced funding from the U.S. government and an alliance with Amazon Web Services.

Investors Business Daily

Dow Jones Rises On Surprise Retail Sales; Intel Rallies On Amazon AI Chip Deal

Stock Market Today: The Dow Jones rose Tuesday on surprise retail sales data. Intel stock surged on an AI chip deal with Amazon.

Investors Business Daily

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inkl

AMZN in Focus: Can Amazon’s Stock Survive Rising Competition?

Amazon (AMZN), a global leader in technology and e-commerce, continues to be a focal point for investors in September 2024. After years of dominating the retail and cloud computing industries, the company's stock performance is closely watched as a barometer for both the technology sector and the broader economy. As…

Investors Business Daily

Bitcoin Miners Forge Lucrative AI Deals. They Have A Big Advantage.

Bitcoin miners are consolidating as crypto prices drop, but have something that deep-pocket AI developers need badly. Here's what's up.

International Business Times

Amazon To Invest GBP8 Bn In UK In Boost For New Labour Govt

US tech giant Amazon is to invest GBP8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.

TechRadar

AWS is spending £8 billion to boost its UK cloud business

AWS UK expansion could support up to 14,000 jobs annually.

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news in one place.

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The Guardian - UK

Reeves announces £8bn UK investment by Amazon’s cloud computing arm

Chancellor says move will create as many as 14,000 jobs at firm’s datacentres and in a range of other industries

Investors Business Daily

Why Amazon And Oracle Could Both Have 'A Lot To Gain' Working Together

Oracle stock is rocketing higher Tuesday, helped by a strong earnings report and its plan to partner up with Amazon.

Salon

Problem with Amazon going water positive

The company’s pledge to conserve water at its data centers doesn’t account for thirsty power plants they rely on

TechRadar

AWS will now let your business access HPC to run your biggest workloads

AWS launches Parallel Computing Service as an HPCaaS option for companies of all sizes.

The Street

Amazon exec gives dire warning about tech jobs in leaked audio

The CEO of Amazon Web Services privately informed staff of a major change that could have a large impact on their jobs.

Windows Central

Amazon cloud boss echoes NVIDIA CEO's of coding being dead in the water with the rapid prevalence of AI sentiments: "If you go forward 24 months from now, it's possible that most developers are not coding"

Amazon Web Services CEO Matt Garman predicts a paradigm shift in coding as a career with the prevalence of AI, prompting developers to stop coding in the foreseeable future. They might need to upskill in the field to gain new skills.

Investors Business Daily

Analysts See Uber, Amazon Offering Strong Upside Following Earnings Results

Uber stock and Amazon stock have strong upside to target prices set by analysts at Bernstein.

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