Nexperia has been locked in a dispute with its Chinese unit after the Dutch government took control of Nexperia from its Chinese owner Wingtech on Sept 30.The EU is determined to find a diplomatic solution over the ownership of Dutch chipmaker Nexperia, the European Commission’s tech chief Henna Virkkunen has said.That’s all for today but you can read all the latest business and economic stories from The Telegraph here .Thanks for joining us on this live blog.Chris Beauchamp, an analyst at IG, said: “Next w ...

for a roundup of winners and losers. Let's kick things off with Mackenzie Seagalos and today's tech check. Hi there, Mac.Hey, Contessa. So, the Q3 print was all about Amazon selling the street on its AI vision and investors bought it, sending those shares surging by almost 11%. Now, CEO Andy Jasse, he pitched Amazon's strategy as simple.Own the compute backbone powering the next generation of AI companies. AWS grew just over 20%, its fastest pace in three years with Jasse saying that demand is so strong tha ...

for a roundup of winners and losers. Let's kick things off with Mackenzie Seagalos and today's tech check. Hi there, Mac.Hey, Contessa. So, the Q3 print was all about Amazon selling the street on its AI vision and investors bought it, sending those shares surging by almost 11%. Now, CEO Andy Jasse, he pitched Amazon's strategy as simple.Own the compute backbone powering the next generation of AI companies. AWS grew just over 20%, its fastest pace in three years with Jasse saying that demand is so strong tha ...

Ron Josie joins me, internet senior analyst at city. So you must not be surprised at all to watch the stock doing what it's doing right now up more than 10%. >> Oh contestant, thanks for having me.I mean I think we are not surprised to see it up 10% because we finally got to see that reaceleration or at least the beginning phases of it based off the investments that they've made over the past call it year and a half or so. And so frankly the number one thing I think we and everyone in the street was looking ...

Core Insights - Amazon's stock has increased by over 10% due to signs of reacceleration in AWS growth, driven by significant investments made over the past year and a half [2][4] - The addition of 3.8 gigawatts of power in the last year has alleviated previous limitations, enabling continued growth in AWS and enhancing its competitive position [4][6] - Amazon's retail business is also performing well, with a notable increase in everyday essentials sales, growing at over 20% [9] AWS Performance - AWS has shown signs of reacceleration, which was a key focus for analysts, and the addition of power resources is expected to support ongoing growth [2][4] - The company is enhancing its infrastructure to support new services, particularly in generative AI, which requires more computing power [4][5] - Amazon's ability to solve power limitations positions it favorably against competitors like Google and Azure, potentially attracting more businesses to its platform [7] Retail Business Insights - The retail segment is experiencing growth, with CEO Andy Jassy noting a decent start to the holiday shopping season [8][9] - The use of AI and the Rufus chatbot has led to increased engagement and revenue growth, with Rufus contributing approximately $10 billion in incremental revenue [9][10] - Amazon's approach to agentic commerce is evolving, with the integration of AI tools enhancing customer experience and engagement [10]

Take a Trial Today BREAKING: Tech Futures Rally On Amazon, Apple The Dow Jones Industrial Average and other major stock indexes traded higher Friday as Wall Street reacted to strong earnings results from Amazon (AMZN) and Apple (AAPL). Meanwhile, Palantir Technologies (PLTR) and Nvidia (NVDA) were winners on the stock market today. After the opening bell, the Dow rose 0.1%, while the S&P 500 gained 0.5%. The tech-heavy Nasdaq composite advanced 1.1%… Related news Palantir, Robinhood, AMD Q3 Earnings: Will ...

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 100 points on Friday.The Dow traded down 0.30% to 47,379.27 while the NASDAQ rose 0.27% to 23,644.68. The S&P 500 also fell, dropping, 0.07% to 6,817.76.Check This Out: Wall Street’s Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 6% Dividend YieldsLeading and Lagging SectorsConsumer discretionary shares jumped by 3.8% on Friday.In trading on Friday, utilities stocks fell by 1.2%.Top HeadlineAmazon ...

Amazon (AMZN) shares are pushing meaningfully higher this morning after the multinational said its Amazon Web Services (AWS) cloud division grew a better-than-expected 20% year-over-year in its third quarter. This marked the strongest quarterly growth for Amazon Web Services in about three years, helping ease concerns that the cloud computing platform is losing ground to Microsoft Azure and Google Cloud. More News from Barchart Following Q3 numbers that topped analysts’ expectations on both the top and ...

Federal Reserve Meeting - The Federal Reserve lowered interest rates by a quarter percentage point, which was widely anticipated, but the meeting revealed a divided stance among members regarding future policy directions [4][5] - There were two dissenting votes: one member advocated for a half percentage point cut, while another opposed any rate cut, highlighting internal conflicts within the Fed [5] - Inflation remains a concern, hovering around 3%, above the Fed's target of 2%, while signs of economic slowdown, particularly in the labor market, are emerging [5][6] Amazon and Layoff Concerns - Amazon announced it would cut 14,000 corporate jobs, with reports suggesting this number could rise to 30,000, raising concerns about the overall economy [6] - The layoffs reflect both short-term economic uncertainty and long-term structural changes due to AI potentially replacing human jobs [10][12] Earnings Reports - Meta reported strong earnings but faced a $16 billion tax charge, leading to an 11% drop in stock price, raising investor concerns about increased spending, particularly in R&D, which grew 36% year-over-year [21][23] - In contrast, Alphabet (Google) saw a 2.5% increase in stock price post-earnings, attributed to greater investor confidence in its spending strategies compared to Meta [25][26] Apple and Caterpillar - Apple is in a wait-and-see position, with its stock remaining flat after earnings, as investors anticipate the impact of the upcoming holiday season and new iPhone rollout [28] - Caterpillar reported a 17% growth in its energy and transportation equipment sector, driven by demand for components used in AI data centers, leading to a 12% increase in stock price post-earnings [31][30] Upcoming Earnings and Economic Indicators - Palantir and AMD are set to report earnings next week, with Palantir being highlighted as a significant AI play [34] - The government shutdown has resulted in the absence of the traditional jobs report, creating uncertainty in economic indicators [35] NVIDIA Milestone - NVIDIA became the first company to reach a market capitalization of $5 trillion, achieving this milestone in just 110 days, indicating rapid growth in the tech sector [37][38]

An early trade for cryptofacing companies this morning. First, their strategy jumping after the company posted better than expected quarterly revenue, noting it has increased its Bitcoin holdings to 604,88 coins. And Coinbase also out with results, beating on the top and the bottom lines for the third quarter, fueled by a resurgence in retail and institutional crypto trading.>> Let's stick with earnings. Apple of course and Amazon both out with uh strong earnings after the bell yesterday capping off what wa ...