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Amazon (AMZN) to no longer pay developers to create apps for Alexa - BBG

April 10, 2024 11:54 AM EDT

Bloomberg reported Wednesday that Amazon (NASDAQ: AMZN) will stop paying developers to create applications for Alexa.

The move means the company has shelved a crucial element in its efforts to develop a thriving app store for its voice-activated digital assistant.

Bloomberg stated... More

DA Davidson on Amazon.com (AMZN): 'AWS investments in data centers and their custom chips set it up well for the next leg of growth from GenAI'

April 10, 2024 8:00 AM EDT

DA Davidson analyst Gil Luria raised the price target on Amazon.com (NASDAQ: AMZN) to $235.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "We believe AWS investments in data centers and their custom chips set it up well for the next leg of growth from GenAI. While AWS may... More