Palantir Technologies (PLTR) shares are experiencing a rollercoaster ride Thursday morning, driven by a downgrade from Jefferies and a new partnership with Amazon Web Services (AWS) and Anthropic. While the downgrade raised concerns about valuation, the strategic alliance with Anthropic fuels optimism for the company’s AI capabilities.
Bernstein analyst Mark Shmulik maintains an ‘Outperform’ rating on Amazon stock, citing strong AWS growth, strategic Prime Video investments, and a solid foundation for future free cash flow. He acknowledges increased infrastructure spending but believes Amazon’s investments generate good returns, particularly in areas like Prime Video.
Amazon’s stock surged on Friday after the e-commerce giant reported better-than-expected third-quarter earnings. The company exceeded revenue and earnings per share forecasts, driven by strong growth in its cloud computing division, Amazon Web Services (AWS).
Amazon exceeded analyst expectations in the third quarter, driven by robust sales growth across its core segments. Prime Video, particularly with the success of ‘The Lord of the Rings: The Rings of Power,’ contributed significantly. The company also announced positive fourth-quarter sales forecasts, setting the stage for a strong holiday season.
Alphabet Inc.’s (GOOGL) Google is gaining a competitive edge in the cloud computing market thanks to its investment in custom-designed chips. These chips, second only to NVIDIA’s (NVDA) in performance, are driving down costs and boosting the cloud division’s margins. This strategy is key to Google’s success in the hyper-scale cloud market against rivals like Amazon Web Services (AWS) and Microsoft Azure.
Safe Pro Group Inc.’s (SPAI) shares surged after the company announced significant advancements in its AI-powered demining technology, SpotlightAI. The latest version, SpotlightAI 3.0, is now deployed in Ukraine, assisting international organizations with advanced demining capabilities. The company’s collaboration with Amazon Web Services (AWS) has modernized demining efforts, leveraging AI to analyze drone imagery for more efficient landmine detection.
EPI-USE, a global leader in SAP and AWS-based solutions, has been recognized for its technical expertise and successful work with AWS by attaining Premier Tier Partner status, the highest level in the AWS Partner Network. This achievement signifies EPI-USE’s commitment to helping organizations modernize and manage their workloads on AWS.
Oklo Inc.’s (OKLO) stock surged on Monday, riding the wave of renewed interest in nuclear power, fueled by Amazon’s $500 million investment in the sector. The company’s CEO hints at potential deals with major tech players, suggesting Oklo could be the next to benefit from the growing demand for reliable, carbon-free energy.
Ahead of Amazon’s third-quarter earnings release, Wedbush analysts remain optimistic about the company’s long-term growth potential despite near-term profitability concerns. They highlight the shift towards higher-margin advertising and AWS revenue, while acknowledging the impact of initiatives like Project Kuiper. The analysts maintain an Outperform rating and $225 price target, anticipating solid revenue growth and margin expansion in the coming quarters.
Amazon Web Services (AWS) CEO Matt Garman has defended the company’s new five-day in-office policy, stating that those who disagree with it may seek employment elsewhere. This follows an announcement last month by Amazon CEO Andy Jassy, who cited the need for in-person collaboration and innovation for the policy shift. Garman’s comments come amid employee backlash, with many voicing concerns about increased commuting time and lack of evidence supporting the benefits of office work. This policy shift, along with previous changes like the end of the work-from-home regime, has generated significant controversy and even prompted some employees to consider leaving the company.
