Amazon, Wall Street
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Nvidia ( NVDA) shares advanced on Wednesday to surpass a $5T market valuation, a level no publicly listed company has previously reached. The stock has surged nearly 51% year-to-date, after rising 170% in 2024 and 240% in 2023.
The market is finally remembering that Amazon is part of the Magnificent 7. Following a blowout earnings report, the stock climbed more than 14 percent after hours to surpass the year-to-date gains of Apple and Meta, leapfrogging both names for the first time in months.
Doug Clinton from Deepwater Asset Management said in a recent program on CNBC that he believes Amazon’s CapEX will continue rising.
Amazon plans to cut up to 30,000 office jobs - Reuters. Meta, Snap, TikTok to comply with Australia’s under-16 social media ban. Strategy gets junk credit rating from S&P.
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Wall Street Analysts Love Palantir, Datadog and Amazon Stocks Today
Markets are still exploding to higher per-market. For one, markets are waiting for the Federal Reserve’s decision later today. “Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point,
With solid earnings, cooling inflation, the potential for interest rate cuts, and hopes for a truce between the U.S. and China, there’s not much stopping upside potential. Helping, analysts are incredibly bullish.
Wall Street was poised to claw back some of its losses from a day earlier after some familiar names in the tech sector reported stronger-than-expected quarterly results.
A strong Amazon earnings report boosted the net worth of Jeff Bezos by $10 billion. Wall Street is impressed with its AI prospects.
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