Date | Price Target | Rating | Analyst |
---|---|---|---|
7/10/2024 | $225.00 → $245.00 | Buy | TD Cowen |
5/1/2024 | $318.00 → $238.00 | Buy | Maxim Group |
5/1/2024 | $215.00 → $225.00 | Buy | Monness Crespi & Hardt |
5/1/2024 | $200.00 → $215.00 | Outperform | Telsey Advisory Group |
4/17/2024 | $195.00 → $216.00 | Buy | Truist |
4/17/2024 | $218.00 | Buy | Maxim Group |
2/2/2024 | $190.00 → $225.00 | Overweight | JP Morgan |
2/2/2024 | $195.00 → $205.00 | Outperform | Wolfe Research |
Experts believe that Japan’s increasing dependence on foreign digital services like Amazon (NASDAQ:AMZN) Prime and YouTube Premium by Google Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is contributing to a rising “digital deficit,” potentially pressuring the yen’s value. What Happened: Japan’s heavy reliance on foreign digital services is causing a significant imbalance in its digital trade, Nikkei Asia reported on Monday. This imbalance, termed the “digital deficit,” is feared to contribute to the long-term depreciation of the yen against the dollar. Japan’s digital deficit, which includes fees for digital advertising and intellectual property royalties, surpassed the overall services deficit i
The artificial intelligence company Skild AI has secured a substantial $300 million in Series A funding. This investment round was led by Amazon.com Inc. founder Jeff Bezos and SoftBank Group (OTC:SFTBY) (OTC:SFTBF), led by Masayoshi Son, among others, and is aimed at developing a “general-purpose brain” for AI systems. What Happened: Skild AI, a spinout from Carnegie Mellon, recently emerged from stealth mode to announce the successful completion of its Series A funding round, the company announced last week. The company is focused on creating an AI system that can be retrofitted into various machines and robotics devices. The funding, which was raised at a valuation of $1.5 billion,
A prominent tech investor predicted that NVIDIA Corp. (NASDAQ:NVDA) could achieve a market capitalization of nearly $50 trillion within the next decade. What Happened: James Anderson, an early investor in companies like Tesla Inc (NASDAQ:TSLA) and Amazon.com Inc (NASDAQ:AMZN), expressed his bullish outlook on Nvidia’s future potential, reported the Financial Times on Sunday. He suggested that the chipmaker’s market cap could potentially surpass the combined value of the current S&P 500. Anderson’s optimism stems from Nvidia’s role in the burgeoning demand for AI chips, which are crucial for training and running advanced generative AI models. This demand has propelled Nvidia’s shares to
Google parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is reportedly in talks to acquire cybersecurity startup Wiz Inc. in a deal valued at $23 billion. What Happened: Alphabet’s acquisition of Wiz, a New York-based firm specializing in cloud storage security, is not yet confirmed and could still fall through. If completed, the acquisition would be the largest ever for Alphabet, reported Bloomberg, citing people familiar with the matter. Wiz, founded in 2020, was valued at $12 billion in a funding round in May. If the deal proceeds, it would follow Alphabet’s $5.4 billion acquisition of cybersecurity firm Mandiant Inc. in 2022. See Also: Elon Musk Surprised To Learn Tesla Infl
For Immediate Release: November 14, 2023 Today, the U.S. Food and Drug Administration is providing an at-a-glance summary of news from around the agency: On Monday, the FDA updated the advisory for the Investigation of Elevated Lead Levels in Cinnamon Applesauce Pouches to include an expanded recall from WanaBana LLC to include Weis and Schnucks-brand cinnamon applesauce pouches. As of November 13, 2023, there
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise
Subramanian joins the leading food for work technology company in the US, bringing more than 20 years of experience at high-growth companies ezCater, the leading food for work technology company in the US, today announced it has named Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian is a seasoned technology executive with over 20 years of business management experience at high-growth companies and marketplaces, including Lyft, Inc. (NASDAQ:LYFT), Amazon.com, Inc. (NASDAQ:AMZN), and Visa, Inc. (NYSE:V). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603123872/en/ezCater, the leading food for
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its first quarter ended March 31, 2024. Net sales increased 13% to $143.3 billion in the first quarter, compared with $127.4 billion in first quarter 2023. Excluding the $0.2 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with first quarter 2023. North America segment sales increased 12% year-over-year to $86.3 billion. International segment sales increased 10% year-over-year to $31.9 billion, or increased 11% excluding changes in foreign exchange rates. AWS segment sales increased 17% year-over-year to $25.0 billion.
NEW CARLISLE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb, chairman of the Indiana Economic Development Corporation, today announced that Amazon Web Services (AWS), an Amazon.com. Inc. company (NASDAQ:AMZN), plans to invest $11 billion to build a data center campus in north central Indiana and create at least 1,000 new jobs. This planned investment marks the largest capital investment announcement in Indiana's history. "Indiana's long-term economic strategy is paying dividends for Hoosiers as we cultivate the growth of critical sectors like technology infrastructure," said Gov. Holcomb. "Amazon has long been an important economic partner in Indiana, and we are exci
Leading 3D Modeling Supplier uses AWS's generative AI and machine learning capabilities to accelerate its technology TORONTO, ON / ACCESSWIRE / April 24, 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" and other major e-commerce retailers has selected Amazon Web Services (AWS), an Amazon.com company (NASDAQ:AMZN), as its cloud provider for its 3D modeling hosting services and AI service provider. Nextech3D.ai will also host its dozens of AI Machine learning applications to the world's leading cloud. Using Amazon Bedrock, a service that makes multiple foundation models av
Amazon.com, Inc. (NASDAQ:AMZN) announced today that it will hold a conference call to discuss its first quarter 2024 financial results on Tuesday, April 30, 2024, at 2:30 p.m. PT/5:30 p.m. ET. The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir. View source version on businesswire.com: https://www.businesswire.com/news/home/20240416191971/en/
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TD Cowen reiterated coverage of Amazon with a rating of Buy and set a new price target of $245.00 from $225.00 previously
Maxim Group reiterated coverage of Amazon with a rating of Buy and set a new price target of $238.00 from $318.00 previously
Monness Crespi & Hardt reiterated coverage of Amazon with a rating of Buy and set a new price target of $225.00 from $215.00 previously
Telsey Advisory Group reiterated coverage of Amazon with a rating of Outperform and set a new price target of $215.00 from $200.00 previously
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Companies develop new generative AI capabilities, simplify custom application development, and accelerate joint go-to-market collaboration Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), today announced an expanded partnership with Workday, Inc. (NASDAQ:WDAY), a leading provider of solutions to help organizations manage their people and money. Together, AWS and Workday will build generative artificial intelligence (AI) capabilities, jointly innovate new customer experiences, and invest in joint go-to-market initiatives to accelerate customer cloud transformation, helping customers increase productivity, grow and retain talent, and streamline business processes.
New generative AI-powered service empowers a new set of builders to create applications in minutes At AWS Summit New York, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced AWS App Studio, a generative artificial intelligence (AI)-powered service that uses natural language to create enterprise-grade applications. A user simply describes the application they want, what they want it to do, and the data sources they want to integrate with, and in just minutes, App Studio builds an application that could have taken a professional developer days to build from scratch. Modifying App Studio applications is easy using its point-and-click interface, and users al
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 28, 2024 /PRNewswire/ -- USA News Group – The world is changing rapidly thanks to artificial intelligence (AI), with what's being called the Transformative AI era which comes with great benefits and also potential dangers. The economic impacts are global, with a new report from The Bank for International Settlements (BIS) urging central banks to adapt rapidly to AI advances. Now it's become apparent how important it is for companies to understand how to harness the full potential of GenAI to secure strategic revenue growth in the coming years. The surge of AI's usefulness is accelerating innovation in
TYSONS CORNER, Va. and PETAH TIKVA, Israel, June 26, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, announced today that its Endpoint Inspector SaaS, the Company's real-time data access, collection and analysis solution, is now available on Amazon Web Services (AWS) Marketplace (NASDAQ:AMZN). Endpoint Inspector SaaS, part of Cellebrite's award-winning Case-to-Closure platform, empowers private sector corporate investigators and eDiscovery practitioners to securely collect and analyze data in real-time from a wide range of remote devices and computers. By leveraging the AWS cloud infrastructu
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