SVP of Operations at Jeff Bezos' Blue Origin to immediately depart company "for personal reasons" - Reuters
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- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
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- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Evercore Keeps Amazon.com (AMZN) on Top Pick and TAC Lists Ahead of Earnings: 'Attractive Risk/Reward Set-Up'
October 24, 2023 8:13 AM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $190.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Our View: Based on intra-quarter data points and our model sensitivity analysis, we view the Streets Q3 Revenue (+11% Y/Y and +5% Q/Q), Operating Income (implying 5.3% margin) and AWS Revenue (+12.5% Y/Y and 4% Q/Q) estimates as... More
How big is the GPU IaaS opportunity for Alphabet (GOOGL) and Amazon (AMZN)?
October 23, 2023 1:46 PM EDTIn a note to clients this week, Morgan Stanley analysts assessed the potential size of the GPU IaaS opportunity for Alphabet (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN).
In the research note headed by analyst Brian Nowak, the investment bank said it believes GPU IaaS revenue could potentially be a meaningful driver of AWS (Amazon Web Services) and... More

