The Magnificent Seven are widely credited with leading the Dow Jones, S&P 500, and Nasdaq Composite to fresh record highs. Though the Magnificent Seven components all possess clearly-defined competiti
Amazon's all-important cloud computing division has a new leader. Adam Selpiski, who has headed Amazon Web Services (AWS) since 2021, is setting down from that position in June, Amazon CEO Andy Jas

Bullish on CSCO, AMD, AMZN

03:05pm, Tuesday, 14'th May 2024
Cisco Systems (CSCO), AMD (AMD), and Amazon (AMZN) are today's big three stocks. Joe Tigay and Ben Lichtenstein discuss the technical trends, as well as how to trade these names.

AWS CEO Adam Selipsky to Step Down

02:53pm, Tuesday, 14'th May 2024
Amazon's cloud-computing division chief Adam Selipsky is stepping down, making way for Matt Garman, the unit's top sales and marketing executive. Bloomberg's Matt Day joins Caroline Hyde and Ed Ludlow
CNBC's Kate Rooney joins 'The Exchange' with breaking news about Amazon.
The head of Amazon's AWS cloud computing business, Adam Selipsky, who was helping lead the company's expansion into AI, told workers he was stepping down Tuesday.

Amazon lower as Web Services boss to leave

12:56pm, Tuesday, 14'th May 2024
Amazon.com Inc (NASDAQ:AMZN) fell on Tuesday as news broke its Web Services chief executive, Adam Selipsky, was to step down in June. Having initially joined the company in 2005, Selipsky will leave n
The tech giants are continuing to dedicate tens of billions each towards AI infrastructure, and overall were broadly optimistic over the opportunities that generative AI brings to growth. Big Tech wil
The head of Amazon's most profitable and fastest-growing division will leave the company on 3 June after three years
Adam Selipsky, chief executive officer of Amazon Web Services, is stepping down in June.
The company announced Tuesday that Matt Garman, who leads sales and marketing for the Amazon Web Services business, will take over as that unit's chief executive, starting June 3.
Adam Selipsky, CEO of Amazon's cloud computing business, will step down from his role next month, the company announced.

Amazon's cloud unit CEO to step down, firm says

09:33am, Tuesday, 14'th May 2024
The chief executive of Amazon.com's cloud unit Amazon Web Services, Adam Selipsky, is stepping down, the company said on Tuesday.
The stock market rebounded last week, igniting hopes of a sustained rally. However, in contrast to the previous AI-powered rally, the spotlight is now on recession-proof stocks.
Amazon is the most trusted institution in the United States. AWS is shoring up its position as the leader in cloud computing by partnering with Nvidia to run next-gen AI servers.
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