The Latest Breaking News from AWS

The consumer tech market promises strong returns this holiday season due to rising demand for tech gifts, online flash sales, pre-holiday discounts, and AI-powered products. Given this backdrop, investors could consider strong consumer tech stocks such as Amazon.com (AMZN), HP (HPQ), and Lenovo Group (LNVGY), before the holiday season. Read…

Amazon.com has outperformed the broader market over the past year, and analysts are highly optimistic about the stock’s prospects.

Amazon is reportedly in talks to expand its investment inClaude’sAI startup Anthropic, potentially injecting additional billions into the company as part of its aggressive push into the AI sector.

This would be Amazon's second investment in Anthropic, as the company previously announced a $4 billion investment in September last year. At that time, Amazon also revealed that its customers would get early access to Anthropic's technology.

Jassy insists the move is about strengthening company culture.

Andy Jassy says Amazon’s new five-day RTO policy, up from three days, isn’t a layoffs exercise.

Amazon is doubling down on key growth areas that could drive further stock gains in the future.

AWS CEO Matt Garman estimates that future LLM training would require up to five gigawatts, and AWS is investing in alternative renewable sources to ensure it would have power available when needed.

While Amazon stock is trading higher today after reporting better-than-expected Q3 earnings, it might still not be too late to buy AMZN stock.