Amazon.com's (AMZN) performance is an amalgamation of various facets. Several
anaylsts have predicted a significant surge in the stock's price, calling it a must-buy for the near future. The
online retail giant had a commendable increase of 10% in its stock in just a month. Further, due to the strong consumer festive season spending, Amazon's stock rose on the virtue of its Black Friday advantage. Substantial
returns and the recent launch of
AI-powered innovations such as Olympus for video analysis further boosted Amazon's position. In partnership with IBM, the tech giant also launched powerful AI programs at AWS re:Invent. Additionally, Amazon clinched a $158M AI-powered Cloud contract with the US Army. However, minor dips were also noted, with stocks down by 1% numerous times.
Lawsuits and potential
EU Antitrust investigations dampened the stock performance slightly. Plus, Amazon workers across 20 countries planned a Black Friday strike, adding to the company's challenges. Nonetheless, the company's cloud business has largely satisfied analysts and investors, fueling optimism about the company's long-term growth.
Amazon Stocks AMZN News Analytics from Thu, 26 Sep 2024 07:00:00 GMT to Sun, 01 Dec 2024 00:37:47 GMT -
Rating 7
- Innovation 8
- Information 10
- Rumor 5
