Previous close | 23.55 |
Open | 20.00 |
Bid | 22.30 |
Ask | 22.65 |
Strike | 200.00 |
Expiry date | 2024-07-19 |
Day's range | 20.00 - 20.00 |
Contract range | N/A |
Volume | |
Open interest | 707 |
Amazon (AMZN) posted its first quarter report on Tuesday, revealing an AI-driven boost in the company's cloud computing growth. Multiple companies — including Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) — have all announced an increase in AI spending in a bid for dominance in tech. Yahoo Finance Tech Editor Dan Howley joins Catalysts to break down Amazon's part in the AI-fueled competition. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
US stocks (^DJI, ^IXIC, ^GSPC) saw their worst monthly performance of this year in April ahead of the Federal Reserve's next interest rate policy decision on Wednesday afternoon. The market is under pressure this morning as equities search for clarity in the Fed's messaging for future FOMC meetings. Amazon (AMZN) posted stellar first-quarter earnings results boosted by its AI and AWS cloud segments. Lastly, Starbucks (SBUX) stock tumbles in Wednesday pre-market trading after the coffee chain missed first-quarter earnings estimates and revealed declining same-store sales figures. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Amazon (AMZN) stock rose in extended-hours trading after its first-quarter earnings topped Wall Street estimates. CFRA Research Senior Equity Research Analyst Arun Sundaram credits the success to innovations in Amazon's e-commerce division driving improved retail margins, as well as AWS's position as a powerhouse among other cloud computing competitors. He also highlights the company's artificial intelligence initiatives, telling Julie Hyman and Josh Lipton that Amazon has a "very compelling stack of generative AI products and services" that are being reflected in its stock prices. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl