Amazon.com Inc.'s (NASDAQ:AMZN) massive artificial intelligence push took a major step forward as its Project Rainier supercomputer, powered by nearly 500,000 Trainium2 chips, officially went live.AMZN is having a challenging session. Get the scoop here.The new Rainier system marks a turning point for Amazon Web Services, positioning it to capture a larger share of booming AI training and inference demand that could add billions in revenue growth through 2026.Bank of America Securities analyst Justin Post m ...

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Market Overview - The US-China trade truce is expected to create more stability in the relationship, although it is characterized as a truce rather than a breakthrough [9][11][12] - The Federal Reserve cut rates by 0.25 percentage points, with indications that further cuts are not guaranteed [2][4] - The Dow Jones Industrial Average gained over 200 points, while the S&P 500 and Nasdaq experienced slight declines [3][4] Big Tech Earnings - Meta's shares fell by 11% after announcing increased capital expenditures for the upcoming year, exceeding the $72 billion planned for this year [6][32] - Microsoft also reported a 2.2% decline in shares despite good underlying metrics, as it ramped up spending to meet demand [7][32] - In contrast, Alphabet's shares rose by 5% due to a 15% increase in search revenue and growth in its Gemini AI platform [8][32] US-China Trade Negotiations - President Trump expressed satisfaction with the progress made in trade negotiations, focusing on issues like fentanyl tariffs and soybean purchases [9][10] - The meeting between Trump and Xi was brief, lasting only about 90 minutes, and did not address significant topics like Taiwan or Russia [13][14] - The long-term trajectory still points towards decoupling between the US and China, with both nations leveraging their positions [15][19] Corporate Earnings Insights - Meta's Q4 guidance was perceived as soft, leading to investor skepticism about its future AI investments [36][39] - Google's AI mode has seen rapid adoption, with 75 million daily active users, contributing positively to its search business [41][44] - Amazon's upcoming earnings report is anticipated to focus on AWS growth, which needs to exceed 19% to regain investor confidence [50][52] Cardinal Health Performance - Cardinal Health reported a 22% increase in quarterly revenue, driven by strong demand across all operating segments [105][106] - The company is focusing on specialty pharmaceuticals through strategic acquisitions, contributing significantly to profit growth [107][110] - The firm remains optimistic about future growth despite potential regulatory changes affecting the healthcare landscape [111][115]

Group 1: Corporate Layoffs - Amazon plans to cut around 14,000 corporate positions, with reports suggesting the total could reach 30,000, as part of a global restructuring related to AI-driven automation and efficiency [1] - Target announced the elimination of 1,800 corporate roles, including about 1,000 active layoffs, to simplify operations and reduce costs [1] Group 2: Manufacturing Sector - The auto sector is experiencing job losses due to electric-vehicle investments and weaker consumer demand, with several companies in Michigan announcing layoffs: Autokiniton is closing a Detroit stamping plant and cutting 133 jobs, IAC Alma will eliminate 246 jobs, and Dana Thermal Products is closing its Auburn Hills facility with 200 layoffs [2] - Tenneco has reduced 82 positions in Tennessee, while Federal-Mogul Motorparts shut down its Boaz, Alabama plant, affecting 82 workers [3] Group 3: Logistics and Warehousing - Freight operators and third-party logistics providers are trimming payrolls as contract volumes fall, indicating a broader trend of layoffs in the logistics sector [4] - Averitt Express is cutting 193 positions in Alabama following the end of a Mercedes-Benz contract, and CBJ Logistics plans to eliminate 101 jobs in Philadelphia [6] Group 4: Regional Job Cuts - In California, Manna Beverages is eliminating 638 jobs, rPlanet Earth is cutting 178 positions, Bumble Bee Foods shed 56 jobs, and Leprino Foods plans to close its Lemoore East cheese plant, affecting 300 workers [5] - In Texas, Lion Elastomers will close its Orange facility, cutting 100 jobs, while Yang Ming Corp. is closing its Houston customer-service center, affecting 118 employees [5] - In Florida, PGT Industries is cutting 442 positions, and ID Logistics will eliminate 174 jobs [5] - In Georgia, Mannington Mills will close three plants and cut 200 jobs, while Saddle Creek Logistics plans to lay off 128 workers [5] - In Wisconsin, Saputo Cheese USA will lay off 240 employees as part of a consolidation plan [5]

JONAS ROOSENS / BELGA MAG / AFP via Getty Images Amazon's second-quarter cloud growth fell short of high expectations. Key Takeaways Investors will be focused on Amazon's cloud business and AI investments when the e-commerce giant reports third-quarter earnings after the closing bell on Thursday. Amazon's second-quarter cloud growth disappointed Wall Street after big beats from competitors Alphabet and Microsoft, both of which reported strong results on Wednesday. Options pricing suggests some trader ...

Core Viewpoint - The article discusses the prevalent concerns regarding a potential "AI bubble" as major technology companies approach their earnings reports, indicating a high performance expectation [1] Group 1 - The term "AI bubble" reflects the anxiety surrounding inflated valuations and expectations in the artificial intelligence sector [1] - Major technology companies are facing a significant challenge as they prepare for earnings announcements, which are expected to meet high standards [1]

RT Mario Nawfal (@MarioNawfal)🇮🇱 ISRAEL FORCED GOOGLE AND AMAZON TO USE SECRET CODE TO BYPASS GLOBAL LAWSIsrael made Google and Amazon agree to a "winking mechanism" as part of their $1.2 billion cloud deal in 2021, dubbed "Project Nimbus".Here's how it works: if either company is legally forced to hand over Israeli data to foreign authorities and gagged from saying so, they must send a coded payment to Israel within 24 hours.The payment amount corresponds to the country's dialing code.US request? 1,000 she ...

Amazon, the latest and last cloud giant to report tonight after Microsoft and Google's results of course we got last night. Investors are watching for the growth at Amazon Web Services and also they'll keep an eye on the return on what Amazon is spending on AI. Mackenzie Sagalas has more on what we can expect in today's tech check.McKenzie, >> hey David. So, Amazon is under fresh pressure to prove that its AI investments are delivering real returns, especially after underdog Alphabet raised its capex and wa ...

Core Insights - Amazon is under pressure to demonstrate that its AI investments are yielding tangible returns, especially in light of Alphabet's increased capital expenditures and subsequent investor rewards [2][11] - Amazon Web Services (AWS) remains the leading cloud provider, but it is losing significant workloads to competitors like Google and Microsoft [3][5] AWS Performance and Strategy - AWS revenue is projected to grow by just over 18%, while Google Cloud and Microsoft Azure are experiencing growth rates of 34% and 40%, respectively [5] - Amazon's infrastructure investments, including an $11 billion data center in Indiana, are aimed at supporting AI models, but there are concerns about whether these investments will translate into sufficient AWS revenue to maintain its market lead [5][6] Competitive Landscape - Major clients like Meta are signing substantial deals with competitors, such as a $10 billion agreement with Google, indicating a shift in workload preferences [3] - OpenAI is diversifying its cloud computing needs among Google, Azure, and Coreweave, which raises questions about Amazon's competitive positioning [4] AI and Compute Capabilities - Amazon's current AI strategy lacks clarity beyond its cloud offerings, and it is competing against companies like Nvidia, which have more advanced computing capabilities [2][8] - Analysts suggest that Amazon may need to acquire companies like Anthropic to enhance its competitive edge in AI [9][10] Retail Business Outlook - The retail segment is not the primary focus for investors, but there are expectations for growth in e-commerce, particularly as the holiday season approaches [12][13] - Bank of America projects that Amazon's e-commerce business has grown during the quarter, which could provide a positive offset to losses in other areas [13]

sbayram / Getty Images Amazon (NASDAQ:AMZN) is gearing up for massive investments in artificial intelligence (AI), with capital expenditures projected to exceed $100 billion in 2025. This surge focuses on bolstering AI capabilities, expanding Amazon Web Services (AWS), and building out data centers to handle growing computational demands. Historically, Amazon's capex spending has followed cyclical patterns, with periods of heavy investment followed by phases of consolidation and payoff. During boom times, ...