Frankfurt-listed shares of "Magnificent 7" stocks Apple and Amazon were broadly steady on Friday, in light volumes after both companies reported quarterly earnings after-market on Thursday.
Amazon's customers are buying cheap products, the retailer's top execs said in its Thursday earnings call. Those products are being purchased frequently and in larger amounts, the execs added.

Amazon Q3 2024 Earnings Update

12:45am, Friday, 01'st Nov 2024
Amazon has posted another impressive quarter. Every part of the business seems to be trending well, and moving in the right direction. Except 1P, every segment of the business is growing at a double-d
Amazon (AMZN) shares rose 6% in extended trading on Thursday after the company surpassed Wall Street's third-quarter earnings estimates, boosted by growth in its cloud business and healthy e-commerce
By now you probably know that Amazon exceeded revenue expectations for Q3 Thursday (Oct. 31) driven by the strength of its AWS cloud computing division and its fall sales events.
Amazon CEO Andy Jassy said AWS gives the company a leg up in the AI race. Jassy said AWS has shown that Amazon can handle the logistics for scaling AI.
Amazon's push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu and Shein who offer rock bottom prices on good
Amazon.com, Inc. (NASDAQ:AMZN ) Q3 2024 Earnings Call Transcript October 31, 2024 5:00 PM ET Company Participants Dave Fildes - VP of IR Andy Jassy - CEO Brian Olsavsky - CFO Conference Call Participa
Amazon's capital expenditures jumped 81% in the third quarter from a year earlier. CEO Andy Jassy reassured shareholders that the company expects to make money on the investments, which are primarily
The growth of generative artificial intelligence businesses is surprising even the tech industry's most seasoned executives.

Amazon Q3: Double Beat Makes Shares Jump

07:19pm, Thursday, 31'st Oct 2024
Amazon.com, Inc.'s results beat expectations, especially on the bottom line. The company's business growth was weaker than that of Meta Platforms, Google, and Microsoft, however. Amazon is trading at
Market uncertainty has crept back into market sentiment, and those recent all-time-high closes may for now be a thing of the past.
Jassy emphasized aggressive investment in AI during a call with analysts. Amazon plans $75 billion in capex, and even more in 2025, mostly for cloud services.
Stocks fell broadly during Thursday's session to close out October. Here's what CNBC is watching going into Friday.

Amazon Q3: 19% Growth In Ads And AWS

06:49pm, Thursday, 31'st Oct 2024
Amazon.com, Inc. has been actively growing its digital advertisement business, offering more services such as sponsored products and Prime Video ads. In Q3, both the advertising business and AWS grew
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