Nasdaq AMZN Amazon

It's been rumored that Amazon (NASDAQ: AMZN) is interested in getting into the wireless business. That might seem like bad news for existing wireless companies, but that may not be the case. Their biggest moneymaker is wireless services, which Amazon would buy from them. In the v

U.S. stock index futures inched up on Friday as signs of easing price pressures and slowing economic growth raised hopes the Federal Reserve could end its monetary tightening campaign soon.

The stock market may still be taking investors for a wild ride, but great companies are adjusting to the challenges of the current macro environment and proving their mettle in the process. While market turbulence may continue for the near term, that doesn't mean you should stop

When President Joe Biden signed his signature Inflation Reduction Act last August, he hailed the collection of green energy tax credits as a major victory for climate change, and flagged “another win” for the American people: cutting the deficit.

The markets have begun heating up in recent weeks, including an excellent rally for technology stocks driven by Wall Street's excitement over artificial intelligence. Now that some stocks have more than doubled since the beginning of the year, investors might need to look a littl

Britain's competition regulator on Friday cleared Amazon.com Inc's planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner.

Investments continue to flow into  AI (Artificial Intelligence)-related stocks, driving them higher. Thanks to investors’ optimism, C3.ai ( NYSE:AI ) stock has gained over 314% year-to-date. As shares of this enterprise AI application software company appreciated quite a lot,  Morgan Stanley analyst Sanjit Singh found its valuation expensive, implying investors should show patience and not chase it. Further, analysts’ average price target indicates a downside potential from current levels.  C3.ai Stock: AI Interest Augurs Well for Growth  The interest in applying AI to business processes has spiked, and C3.ai, with over 40 enterprise AI applications, is poised to capitalize on the demand. The substantial market demand drives solid growth opportunities ahead and is leading to shorter sales cycles.  It’s worth highlighting that in Fiscal 2023, the company closed 126 agreements, compared to 83 in Fiscal 2022. Furthermore, the average sales cycle for agreements in Q4 was 3.7 months, down from 5 months in the prior-year quarter.  C3.ai launched its C3 Generative AI solution to the market in Q4 and rapidly closed three agreements with large enterprises. Investors should note that its partner ecosystem is growing, which is important as it helps the company close more deals. C3.ai has expanded its product suite on marketplaces like Alphabet’s ( NASDAQ:GOOGL )( NASDAQ:GOOG ) cloud and Amazon’s ( NASDAQ:AMZN ) AWS.   Thanks to the ongoing momentum, C3.ai’s management remains confident and expects its business to deliver  sustainable profit by the end of Fiscal 2024 (ending April 30, 2024).  Analysts Raise Red Flags While Morgan Stanley analyst Sanjit Singh is not comfortable with AI stock’s valuation and finds it expensive,  Bradley Sills of Bank of America Securities remains concerned about the company's Fiscal 2024  revenue outlook.  C3.ai expects Fiscal 2024 revenue to be in the range of $295 million to $320 million, compared to $266.8 million in Fiscal 2023. The analyst worries that the company’s revenue guidance indicates that it is not benefitting from the AI cycle.  What is the Future of AI Stock? AI stock has risen significantly so far this year. Thus, most analysts prefer to remain sidelined. It has received two Buy, five Hold, and three Sell recommendations for a Hold consensus rating on TipRanks. Analysts’ average price target of $26.16 implies 43.58% downside potential.  Investors should note that  Patrick Walravens of JMP Securities is the most accurate analyst for AI stock, according to TipRanks. Copying Walravens’ trades on AI stock and holding each position for one year could result in 60% of your transactions generating a profit, with an average return of 25.97% per trade. Disclosure

What happened Storied professional services company Accenture (NYSE: ACN) is leaping into a cutting-edge segment of the tech world, and investors were happy about the development. On Thursday, following news of its investment in a virtual reality (VR)-powered business, the market

Amazon (AMZN) closed the most recent trading day at $127.11, moving +0.55% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.22%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy in

The NASDAQ 100 After Hours Indicator is down -6.42 to 15,179.06. The total After hours volume is currently 102,313,091 shares traded.The following are the most active stocks for the after hours session: Amazon.com, Inc. (AMZN) is -0.15 at $126.96, with 3,546,567 shares traded. A

The U.S. telecom stocks fell under pressure earlier this month, thanks in part to Amazon's ( NASDAQ:AMZN ) potential move to bring its disruptive impact to the wireless scene. Indeed, the most disruptive name in mega-cap tech is back at it, with the likes of Verizon ( NYSE:VZ ) and T-Mobile ( NASDAQ:TMUS ) that appear to have fallen within Amazon's crosshairs. According to a Bloomberg report, the e-commerce and cloud behemoth is reportedly working on adding wireless services at a reduced or complimentary perk for Prime members. Undoubtedly, including such services could act as another heavy weight on the shoulders of the already-ailing telecom companies while taking Prime subscription growth to the next level. Prime has already been one of the best value subscriptions for Amazon's avid users, and the perks seem to just keep piling up! Mobile connectivity could be the biggest perk yet, even if users need to pay a small nominal fee (around $10/month) to get it. Whether Amazon's foray into wireless upends the industry remains to be seen. Indeed, Amazon spokesperson Brad Mattinger denied his firm is negotiating with wireless carriers to bring the service to Prime. New Tech Could Cause the "Commoditization of Data" to Accelerate The Amazon wireless news seems to have really caused investors to sour on all things telecom. This raises the question -- are wireless services a mere commodity that any tech-driven firm can offer? As tech improves and the cost of data becomes cheaper, I do think the answer gravitates toward "yes." It's not just mega-cap tech titans that could devalue the cost of various telecom services. Satellite connectivity has advanced considerably in recent years. With Elon Musk's Starlink offering internet coverage via satellites in space, the so-called "space race" could take on a whole new meaning, and traditional telecom companies with tons invested in infrastructure could be the ones to be left behind. Indeed, it's too early in the game to conclude that telecom carriers are bound to falter in this new tech-driven era. Regardless, I do believe it's a good idea for companies like Verizon or T-Mobile to consider spending more time and money thinking about how the Internet will be delivered in the distant future. Perhaps that future isn't so distant if you've had a chance to test out Starlink's impressive low-latency Internet! The Wide Moat Protecting the Telecoms Could Erode Quickly From Here It's not so easy to start up your own telecom company. Considerable infrastructure costs have allowed many telecom firms to pay very generous dividends as wide economic moats protected cash flows from technological disruption. However, that era may be coming to an end if companies like Starlink look to change how and where we get our data. Further, wireless services may be viewed as just another service for the mega-cap tech companies to add to their arsenals to further bolster their service revenues. Indeed, it certainly seems like mobile data could be the new streaming through the eyes of companies like Amazon or Apple ( NASDAQ:AAPL ), a firm that brought satellite internet connectivity via its Emergency SOS feature (which allows the newest version of iPhones to send emergency messages via communication satellites when there is no cell signal). While satellite internet is definitely novel, I'm not so sure shareholders of traditional telecom companies need to hit the SOS button quite yet. Satellite connectivity could be the future, but it's still in the early innings. Further, there are challenges that could prevent Amazon from bringing telecom services to Prime in the nearer term. The company needs to ink a deal with existing carriers, which could be no easy task, especially if carriers recognize what it could mean to do a deal with Amazon. Call it "a deal with the devil," if you will. The American telecom scene is competitive, but it could take many years before satellites and Prime perks drive down the price of data at an accelerated rate. As spatial computing (think VR and AR) become more commonplace, demand for fast, low-latency data could surge, and that's a good thing for the telecom scene as a whole. When it comes to Verizon stock, shares have arguably priced in the worst. The stock is coming off a fresh multi-year low at $34 and change. Yes, there are headwinds, potentially secular ones. But the ~7.0 times trailing price-to-earnings multiple just seems to factor in none of the positives and all of the negatives. How Do Analysts View These Stocks? Using TipRanks' comparison tool pictured below, we can see that AMZN and TMUS are rated as Strong Buys on Wall Street, while VZ stock sports a Moderate Buy rating. TMUS has the highest upside potential, according to analysts, with 35.1% expected in the next 12 months. VZ and AMZN have upside potential of 25.6% and 8.8%, respectively. The Takeaway It's a worrying time to be a telecom investor. Nevertheless, though the future is uncertain, I think most of the fear is already baked into telecom shares at this juncture. Satellite connectivity and Prime wireless are interesting but may be a long way off from becoming mainstream. In that regard, the telecoms still look more than investable as they sag on recent woes. Disclosure

Cognizant CTSH announced the formation of a new business group called Cognizant Ocean to expand its services in the “Blue Economy,” leveraging digital technologies, including AI and data analytics.Blue Economy companies encompass

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You're not alone as an investor if you struggled to maintain your focus while the volatility that rocked the markets in 2022 carried into 2023. But the current volatility in the market need not deter you, especially if you only invest in companies that you believe in, that you un

Amazon AMZN continues to ride on its robust cloud computing arm, Amazon Web Services ("AWS"). Strengthening AWS offerings, which are constantly driving the company's cloud customer momentum, remains the key catalyst.The latest par

Shares of UnitedHealth Group Incorporated UNH fell 6.4%, after it reported an increase in medical costs in the second quarter.Shares of Advanced Micro Devices, Inc. AMD gained 2.3% after reports emerged about Amazon.com, Inc. AMZN

Wall Street was on track to open lower on Thursday as the Federal Reserve signaled that borrowing costs could increase further this year after it skipped raising them in its latest meeting.

In a bid to expand its presence in the generative AI space, Alphabet’s GOOGL Google is leaving no stone unturned to introduce advanced search features.This is evident from the latest announcement of a generative AI-backed online s

Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi