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The Latest Breaking News from Doug Anmuth

Meta Preps Major Metaverse Cuts, Analysts Predict Earnings Pop

Wall Street analysts rerated Meta Platforms Inc (NASDAQ:META) after the company said that it is considering cutting up to 30% of its 2026 Metaverse budget, primarily targeting the Quest virtual reality unit and Horizon Worlds, which account for the bulk of metaverse-related investment.

Benzinga

Amazon Closing The Gap In AI Race: Analysts

Amazon.com Inc (NASDAQ:AMZN) secured fresh bullish backing from Wall Street on Wednesday as analysts lauded the tech giant's "agent-driven" artificial intelligence strategy and custom chip breakthroughs unveiled at Amazon Web Services re:Invent.

Benzinga

Tesla Vs. Waymo Vs. Uber: The Robotaxi Battle No One Can Afford To Lose

The robotaxi fight just stopped being polite. The debate is no longer about whether autonomy works — the question now is who owns the economics of the future ride-hailing market. And as Tesla Inc (NASDAQ:TSLA), Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOG) Waymo, and Uber Technologies Inc (NYSE:UBER) collide, the battlefield is shifting…

Benzinga

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Buy Post-Earnings Dip, Amazon Is Still Top Pick: Analyst

Amazon.com Inc.’s (NASDAQ:AMZN) booming cloud and artificial intelligence pipeline is set to take center stage next week, as Wall Street finds the company’s latest pullback overlooks strong Amazon Web Services momentum and rising demand tied to major partners like Anthropic and OpenAI.

Benzinga

Tech Stocks Are Down, But Netflix Is Up: What's Going On?

Netflix Inc (NASDAQ:NFLX) shares are trading higher Tuesday afternoon, defying broader tech sector volatility and a price target reduction from JPMorgan. The rebound follows a rocky start to the week after the company began trading on a 10-for-1 split-adjusted basis. Here’s what investors need to know.

Benzinga

Netflix Stock Slump Deepens As Investors Question Its Deal Strategy, Competition And Next Growth Phase

Netflix Inc.'s (NASDAQ:NFLX) stock slump has intensified amid mounting investor concerns about media dealmaking, rising competition, and questions over the company's next phase of growth

Benzinga

Amazon's Record-Smashing Stock Rally Isn't Over, Analyst Says: 'AWS Remains The Star Of The Show'

Amazon.com Inc (NASDAQ:AMZN) analysts are raising their price targets on the stock after the company beat revenue and earnings-per-share estimates in the third quarter and posted strong growth in the AWS cloud segment.

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Meta Stock Has 'Meaningful Runway Ahead': Aggressive AI Investing Opens Up 'New Opportunities'

Meta Platforms (NASDAQ:META) raised its CapEx spending outlook after third-quarter financial results. Analysts are mixed on how the spending will help the company in the short- and long-term.

Benzinga

Alphabet Shares Could Rise 'Meaningfully Higher,' Says Bullish Analyst

Although Alphabet Inc.'s (NASDAQ:GOOGL) stock is the second-best-performing among the Magnificent Seven so far this year, there is still room for further upside, according to JPMorgan.

Benzinga

Netflix Stock Selloff A 'Buying Opportunity': Analysts See Continued Outperformance

Netflix Inc. (NASDAQ: NFLX) analysts say they don't think the company's third-quarter results, which missed estimates, warrant too much concern. Analysts highlight the company's advertising growth as the key catalyst for its future success.

Benzinga

DoorDash Can Outpace Uber On Free-Cash-Flow Growth: Analyst

DoorDash, Inc. (NASDAQ:DASH) is positioned to outpace Uber Technologies, Inc. (NYSE:UBER) on free cash flow, powered by U.S. cash generation, Deliveroo-led international expansion and SevenRooms, with double-digit GOV and margin gains expected as robotaxi uncertainty clouds rideshare, according to JP Morgan analyst.

Benzinga

Alphabet's New Search Updates Could Boost Revenue By Enhancing Ad Visibility And User Experience

Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) Google is updating its Search ecosystem with Artificial Intelligence (AI) Overviews, AI Mode, and a redesigned ad experience that groups text ads under a single "Sponsored Results" label, allowing users to hide them with a single click.

Benzinga

Spotify Price Hikes And New Deals Could Fuel Big Revenue Gains: JP Morgan

Spotify (NYSE:SPOT) is leaning on global price hikes, new label deals, and product upgrades to boost revenue, expand margins, and drive long-term growth.

Benzinga

Netflix Ads On Track To Double As YouTube Competition Heats Up

Netflix, Inc. (NASDAQ: NFLX), as shares traded relatively flat on Thursday, remains a prime beneficiary—and key driver—of linear TV’s disruption, with globally resonant content fueling a flywheel of subscriber growth, rising revenue, and expanding profit.

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Meta Teams Up With US Government To Bring Llama AI Models To Every Federal Agency

The U.S. General Services Administration (GSA) launched a new initiative on Monday with Meta Platforms (NASDAQ:META) to expand government-wide use of Meta’s open-source Llama artificial intelligence models, giving all federal agencies streamlined access. The move reflects the GSA’s OneGov strategy, eliminating the need for individual agency negotiations and reducing duplication…

Benzinga

Meta's New Smart Glasses Set Up For Strong Holiday Sales As Reality Labs Push Deepens

Meta Platforms, Inc. (NASDAQ:META) shares are trading slightly higher on Thursday.

Benzinga

Webtoon Entertainment Expands Disney Deal, Analyst Calls It A 'Significant Step-Up In Scale'

Webtoon Entertainment Inc (NASDAQ:WBTN) announced a major expansion of its partnership with Walt Disney Co (NYSE:DIS).

Benzinga

Why JPMorgan Says Fiverr's Painful Layoffs Could Lead To Long-Term Gain

As the gig economy evolves, companies are increasingly leveraging artificial intelligence to enhance operational efficiency and drive sustainable growth. This technological shift opens up new possibilities for businesses to streamline processes and innovate, setting the stage for significant strategic transformations.

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Chewy Q2 Preview: Are Pet Stocks Defensive? Results May Show 'Stable Industry Trends

Pet ecommerce company Chewy Inc (NYSE:CHWY) is set to report its second-quarter earnings before market open on Wednesday, with analysts eyeing potential growth in recurring revenue and subscription services.

Benzinga

Chewy Set For Growth As Analysts Highlight Market Share And Strong Execution

Chewy, Inc. (NYSE:CHWY) will report its second-quarter fiscal 2025 results on September 10, with Wall Street closely watching the online pet retailer’s ability to sustain growth in a resilient but increasingly competitive category.

Benzinga

Amazon Is This Analyst's 'Best Idea' As E-Commerce Market Share Nears 50%

JPMorgan analyst Doug Anmuth reaffirmed Amazon.com (NASDAQ:AMZN) as his “Best Idea” in the U.S. e-commerce sector.

Benzinga

Amazon Gains As JPMorgan Backs Grocery Expansion, Reiterates 'Best Idea' Rating

Amazon.com Inc (NASDAQ:AMZN) shares were trading higher on Wednesday after JPMorgan reiterated its Overweight rating and $265 price target, maintaining the stock as its "Best Idea."

Benzinga

Lyft: Rideshare Markets With AV Are Growing 5X Faster

Shares of Lyft Inc (NASDAQ:LYFT) rose in early trading on Thursday, after the company reported upbeat second-quarter earnings on Wednesday.

Benzinga

Uber Posts Q2 Beat, Well-Positioned To Drive Strong Growth: Analysts

Shares of Uber Technologies Inc. (NYSE:UBER) rose slightly in early trading on Thursday, after the company reported upbeat second-quarter results on Wednesday.

Benzinga

Reddit Q2 Revenue Jumps 78%—Analysts Remain Cautious Despite The Surge

Reddit Inc.‘s (NYSE:RDDT) recent stock surge highlights a broader trend of tech companies outperforming expectations this earnings season, driven by robust user engagement and advertising growth. This momentum sets the stage for a detailed analysis of Reddit’s financial performance and the varied reactions from industry analysts.

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