Amazon share prices are up more than 50% this year as Wall Street grows bullish about the company's potential in AI. Amazon pivoted its business towards generative AI services.

Amazon's Prime Day to Test Consumer Demand

11:00pm, Monday, 10'th Jul 2023
The indicator of shopping patterns arrives this year after a period of slow sales for the company and concerns about the economy.
The company is eager to disrupt and streamline care delivery.
Simeon Siegel, BM Capital Markets, joins 'Fast Money' to talk Amazon Prime Day and what it could mean for the retailer.

3 Growth Stocks That AI Is Loving in July

06:28pm, Monday, 10'th Jul 2023
Artificial Intelligence (AI) has received incredible attention this year due to the release of OpenAI's advanced chatbot, ChatGPT.  But ChatGPT is fortunately not the only chatbot to be released.
CNBC's Deirdre Bosa joins 'The Exchange' to discuss Amazon's upcoming Prime Day, Amazon's shifting focus towards AWS over e-commerce, and competition in the internet retail space.
Yahoo Finance's anchor Rachelle Akuffo breaks down this information in today's Chart of the Day.
E-commerce giant Amazon is expected to sell $12 billion worth of merchandise during its Prime Day event, helped by discounts and improved logistics, Bank of America analysts wrote.
Amazon's (AMZN) warehouse workers at Coventry are planning to go on strike from Jul 11 to Jul 13.
Both chambers of Congress are taking a good look at AI and crypto as they head back into session for the next three weeks before the start of an August recess that will last through Labor Day.
Amazon stock was down because its profits had decreased due to increased investments in growing its business. The company is cutting some expenses and maintaining investments in other areas.
These investors are looking for growth potential, so what the Rule of 40 is just revenue growth combined with margins.

Is It Too Late to Buy Amazon Stock?

09:45am, Monday, 10'th Jul 2023
Amazon's P/E ratio is at a seven-year high, bolstering the bear case for the stock. Bulls note that Amazon is the largest cloud services provider in a fast-growing market.
Market participants may have positioned in May and gone away, but the analysts have remained active. They continue to update the earnings outlook, and the first few reports from S&P 500 NYSEARCA: SPY
Shares of Amazon.com Inc. rallied Friday, as the value of the e-commerce giant's stake in Rivian Automotive Inc. has swelled by about $1.8 billion in the past eight sessions.
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