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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
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BofA on Amazon.com (AMZN): 'Remain constructive on AWS revenue acceleration in '25'
December 4, 2024 9:33 AM ESTBofA Securities analyst Justin Post reiterated a Buy rating and $230.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Remain constructive on AWS revenue acceleration in '25. We see potential for AWS revenue acceleration in '25 from greater Nvidia & Tranium2 availability for... More
JPMorgan on Amazon (AMZN): 'Remains our Best Idea'
December 4, 2024 6:50 AM ESTJPMorgan on Amazon (NASDAQ: AMZN): 'Remains our Best Idea'
The analyst comments "Early Holiday 2024 datapoints suggest solid US e-commerce growth, w/third- party estimates indicating US e-commerce Cyber Week sales Y/Y growth largely in-line with our projected +7.5% Y/Y 4Q US e-commerce sales growth (vs. +9.8% Y/Y in 4Q23). Adobe & Mastercard data suggests growth exceeded our +7.5% estimate on Black Friday, and Adobe indicated in-line growth trends during Cyber Monday & Cyber Week. Salesforce... More
Susquehanna Reiterates Positive Rating on Amazon.com (AMZN)
December 4, 2024 6:14 AM ESTSusquehanna analyst Shyam Patil reiterated a Positive rating and $230.00 price target on Amazon.com (NASDAQ: AMZN)
The analyst comments "Unveiling Amazon Nova, a new line of foundation models. At re:Invent, AWS launched a new set of foundational models called Amazon Nova. Amazon Nova consists of four different models: Micro, Lite, Pro, and Premier. Micro is a text-only model, designed to be quick and cost-effective. Lite, Pro, and Premier are multi-modal models in... More
