{ }
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
Amazon, Shopify, and eBay are highlighted as strong businesses, but only one can be the top investment choice. Notably, Amazon was not included in The Motley Fool's recent list of the 10 best stocks to buy, which has historically yielded significant returns. The Motley Fool recommends both Shopify and eBay, while also providing investment guidance through its Stock Advisor service.
Stocks turned lower in late-morning trading, with the S&P 500 and Nasdaq Composite down 0.1% and 0.2%, respectively, while the Dow Jones Industrial Average remained flat. Broadcom's strong earnings initially boosted chip stocks, but major tech companies like Apple and Microsoft saw losses. As the market anticipates a Federal Reserve rate cut next week, the yield on 10-year Treasurys rose to 4.38%.
OpenAI's ChatGPT faced an outage due to high demand following its integration with Apple’s iOS, while Meta experienced disruptions across its platforms. As AI services expand, major tech firms are expected to increase AI capital expenditures significantly, driving growth in data centers and energy demand. This surge will necessitate substantial investments in electricity infrastructure and critical metals, with forecasts suggesting a combined annual investment of around USD 3.0 trillion by the decade's end.
The Dow Jones Industrial Average and major indexes rose in premarket trading, buoyed by Broadcom's strong earnings, which propelled its stock up 17%. Nvidia and Tesla also saw gains, with Nvidia rebounding from losses and Tesla aiming to recover from a recent reversal. Trip.com shares surged 8.7% after breaking past a buy point, while BlackRock and Manhattan Associates approached their respective buy points, indicating potential investment opportunities in the current market.
UBS has revised its uranium price forecasts down by 9% and 6% for 2025 and 2026, now predicting prices of $78 and $80 per pound, respectively. Currently, uranium is priced at $76.55 per pound. Despite a growing interest in nuclear power as a clean energy source, UBS expresses skepticism about immediate changes in supply and demand dynamics.
UBS has revised its uranium price forecasts down by 9% and 6% for 2025 and 2026, now predicting prices of $78 and $80 per pound, respectively, while current prices stand at $76.55. Despite a growing interest in nuclear power as a clean energy source, the bank expresses skepticism about immediate changes in supply and demand dynamics. The recent commitments from major US tech companies to explore nuclear solutions for energy needs have sparked curiosity regarding short-term uranium demand.
CoinShares predicts a significant overhaul in U.S. crypto regulation under the Trump administration in 2025, favoring Bitcoin (BTC) while altcoins may outperform in the near term. The rise of Bitcoin-yielding companies and Ethereum's Layer 2 solutions are also expected to shape the market, with businesses increasingly adopting Bitcoin as a treasury asset to generate returns. As major companies begin accepting crypto payments, BTC is positioned as both a store of value and a source of passive income.
DigiCO REIT's strategic IPO, launched just before year-end, aims to raise funds for acquiring data assets, capitalizing on the growing demand for data storage and processing. Trading slightly above its $5 issue price, the company focuses on competitive acquisitions to ensure profitability amid rising energy challenges in the data centre market. With a positive IPO debut, DigiCO is poised to leverage the expanding demand for data services and sustainable energy solutions.
IG
Tech giants like Amazon and Microsoft face pressure to adopt Bitcoin as a hedge against inflation, with proposals suggesting reallocating cash reserves into the cryptocurrency. However, concerns over volatility, environmental impact, and the potential diversion from core business strategies may deter such moves. While Amazon's innovative reputation could lead to a different shareholder response than Microsoft's conservative approach, the risks associated with Bitcoin remain significant.
U.S. stock indexes closed lower on Thursday, pressured by a rise in tech stocks and bond yields following a hotter-than-expected producer price index report, which showed wholesale prices increased by 0.4% in November. Nvidia and Adobe led declines in the Nasdaq, with Adobe's stock plummeting nearly 14% due to a disappointing revenue outlook. The Dow Jones fell over 230 points, while jobless claims rose to 242,000, exceeding forecasts and marking the highest level since early October.
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