Project Kuiper - Truenewj

1 Overlooked Reason to Buy Amazon Stock Right Now

amefika1 week ago03 mins

Amazon (NASDAQ:AMZN) is finally back in favor of the market after a spectacular first quarter report that showed its incredibly high spending is generating incredible results. There was plenty of good news, including triple-digit growth in its chip business and a 170% increase in customer spending, quarter over quarter, on its Bedrock platform. But it…

Amazon gains 5% thanks to letter to shareholders, deal with Globalstar and billion in AI revenue on AWS

Amazon gains 5% thanks to letter to shareholders, deal with Globalstar and $15 billion in AI revenue on AWS

amefika2 months ago05 mins

Amazon (AMZN) shares soared on Thursday, boosted by CEO Jassy’s shareholder letter revealing $15 billion in annualized AI revenue from AWS and a $200 billion capital spending commitment by 2026 for AI infrastructure. Amazon’s acquisition talks with Globalstar (GSAT) would strengthen Project Kuiper’s satellite internet against SpaceX’s Starlink, while Amazon Pharmacy’s same-day delivery of Eli…