{ }
Symbol AMZN
Name Amazon.com, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Retailing
Industry Internet & Direct Marketing Retail
Market NASDAQ Global Select
Country United States
State WA
City Seattle
Zipcode 98109-5210
Website http://www.amazon.com
CoreWeave, an AI cloud platform based in New Jersey, is targeting a valuation exceeding $35 billion for its U.S. IPO, expected in the second quarter of 2025, aiming to raise over $3 billion. The company, which provides access to data centers and high-powered chips, recently completed a $650 million secondary share sale, valuing it at $23 billion. As investor interest in generative AI surges, CoreWeave prepares for its listing amid a recovering IPO market.
Amazon has doubled its investment in Anthropic to $8 billion, positioning itself as a key player in the AI landscape and establishing AWS as Anthropic's primary cloud partner. This partnership will leverage Amazon's custom-designed chips for AI model training and deployment, enhancing cost-effectiveness and scalability for enterprise customers. As AI adoption accelerates, this strategic move could reshape the competitive dynamics in cloud AI services, potentially positioning Amazon for long-term success against rivals like Microsoft and Google.
Dr. Mehmet Oz, nominated by President Trump to lead the Centers for Medicare & Medicaid Services, faces potential conflicts of interest due to his substantial investments in health care, tech, and food companies, including UnitedHealth Group and Amazon. His financial ties raise questions about his ability to act in the public's interest, especially as he advocates for Medicare Advantage, a program that could significantly impact his wealth. Critics highlight the challenges of managing these conflicts, noting that past nominees have divested similar holdings to avoid ethical dilemmas.
Amazon.com Inc. is increasing its investment in AI startup Anthropic by an additional $4 billion, following a previous $4 billion investment earlier this year. This partnership includes provisions for Anthropic to utilize Amazon Web Services data centers and AI chips for its computing needs. Anthropic maintains strong connections with Alphabet Inc.'s Google.
Amazon has announced an additional $4 billion investment in Anthropic, raising its total stake to $8 billion while remaining a minority investor. This partnership designates Amazon Web Services as Anthropic's primary cloud and training partner, enabling AWS customers early access to Anthropic's Claude chatbot features.Anthropic, known for its AI models, recently achieved a milestone with its AI agents capable of performing complex tasks on computers. The collaboration follows significant investments from other tech giants, highlighting the competitive landscape in the generative AI sector.
Analysts made significant calls on various companies, with Goldman Sachs initiating coverage of Flutter and Aecom as buys, citing strong market positions. Citi reiterated a buy on Apple, predicting a successful holiday season for iPhones, while Needham expressed optimism for Nike under new leadership. Other notable mentions include upgrades for KinderCare and Bright Horizons, and a downgrade for Nvidia based on valuation concerns.
Amazon's Prime Video will stream an NFL game between the Las Vegas Raiders and Kansas City Chiefs on Black Friday, aiming to establish a new holiday tradition. This initiative is part of Amazon's strategy to integrate content and commerce, enhancing viewer engagement while solidifying its presence on a major shopping day. The tech giant invested approximately $100 million for the rights, hoping for a more exciting matchup than last year's lackluster game.
Adani Green Energy Ltd. faces significant refinancing challenges following the indictment of founder Gautam Adani by US prosecutors, raising concerns about its liquidity and credit fundamentals. The company has approximately $2 billion in short-term debt and recently canceled a $600 million bond sale intended for repaying foreign-currency loans. As a result, the Adani Group's dollar bonds have seen declines amid fears of reduced creditor support.
Nvidia's stock reached a new high, closing up 0.5% and marking a 196% increase in 2024, despite high expectations. Meanwhile, MicroStrategy dropped 16% after a short report, while Fannie Mae and Freddie Mac saw significant gains amid privatization speculation. Tesla shares rose 35% since the election, contrasting with Amazon's slight decline.
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