LIVE Last Updated: 42 min ago Dow Is Hovering Around Breakeven By Connor Smith The Dow was struggling to stay above breakeven despite Amazon stock's best efforts on Friday. The blue-chip index was moving in and out of negative territory. The S&P 500 was up 0.3%. The Nasdaq Composite was up 0.9%. The biggest winner in the Dow was Amazon, which added 155 points with its 11% gain. It was also the biggest gainer in terms of market capitalization in the S&P 500. Amazon was picking up the slack for Apple, which c ...

Let's start though with the results from those two tech mega caps. McKenzie Sagalas is covering Amazon stocks spike this morning. Steve Kovak has got the Apple story for us as well.McKenzie, we'll start with you on Amazon. >> Hey David. So Amazon shares are popping 12% all thanks to its cloud comeback story.AWS grew just over 20%, its fastest pace since early 2022 and beat even the most bullish Whisper numbers with 33 billion in revenue. that helped ease concerns that Amazon was slipping in the C cloud wars ...

Let's start though with the results from those two tech mega caps. McKenzie Sagalas is covering Amazon stocks spike this morning. Steve Kovak has got the Apple story for us as well.McKenzie, we'll start with you on Amazon. >> Hey David. So Amazon shares are popping 12% all thanks to its cloud comeback story.AWS grew just over 20%, its fastest pace since early 2022 and beat even the most bullish Whisper numbers with 33 billion in revenue. that helped ease concerns that Amazon was slipping in the C cloud wars ...

Group 1: Amazon - Amazon's stock price surged by 12.2% at opening, with market capitalization increasing by $274.2 billion (approximately ¥1.95 trillion) [2] - In Q3, Amazon reported net sales of $180.2 billion, a 13% year-over-year increase, surpassing market expectations of $177.8 billion; net profit reached $21.2 billion, up nearly 40% [4] - AWS cloud business revenue grew by 20% year-over-year to $33 billion, exceeding analyst expectations and marking the strongest growth since 2022, alleviating concerns about AWS lagging in the AI competition [4] Group 2: Apple - Apple reached a historical high in stock price before a short-term decline; Q4 revenue was $102.47 billion, exceeding $100 billion and marking a year-over-year increase of 8% [5] - Net profit for Q4 was $27.47 billion, a significant year-over-year increase of 86%, with diluted earnings per share rising by 91% to $1.85 [5] - Despite overall strong performance, revenue from Greater China declined by 3.6%, becoming the only region with negative growth [5] Group 3: Cryptocurrency - Most cryptocurrencies saw an increase, with Bitcoin returning to the $110,000 mark, up 2.81%, Ethereum at $3,874, up 2.39%, and Dogecoin rising over 3% [7] Group 4: Gold Market - The World Gold Council noted that geopolitical tensions, persistent inflation, and uncertainty in global trade policies have driven demand for gold as a safe-haven asset [6] - The outlook for the gold market remains optimistic, supported by a weakening dollar, expectations of rate cuts, and the risk of stagflation, indicating further potential for gold price increases [6]

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Group 1: Amazon - Amazon received positive feedback for its quarterly performance, particularly due to improved growth in its AWS cloud business, with a notable increase in cash capital expenditures reaching $34.2 billion in Q3 and a total of $89.9 billion spent so far this year [10][24]. - The company laid off approximately 14,000 employees, which is expected to allow for reinvestment in AI initiatives, contributing to optimism about future growth [4][29]. - Amazon's CEO highlighted the integration of over a million robots in their fulfillment centers, indicating a strong push towards automation and efficiency in operations [28]. Group 2: Apple - Apple provided an optimistic outlook for the holiday quarter, driven by strong demand for the iPhone 17, despite missing revenue expectations in its two largest markets, the US and China [12][19]. - The company is facing scrutiny regarding its AI strategy, which investors are eager to understand better, as it has been a point of concern for the market [13][16]. - Apple's strong iPhone demand is crucial for its revenue, with consumers willing to spend on new devices, reflecting a selective spending behavior in the current economic environment [19][20]. Group 3: Market Trends - The Nasdaq index showed significant momentum, rising nearly 1.5% at the start of the trading session, largely influenced by the positive earnings reports from Amazon and Apple [3][4]. - The tech sector is experiencing increased complexity in earnings reports, particularly due to substantial investments in AI technologies, which are becoming a focal point for investors [6][25]. - Consumer behavior is shifting, with younger demographics showing a preference for high-value tech products like iPhones while being more selective with other spending, as seen in the contrasting performance of companies like Chipotle [18][20].

We're back on Morning Trade Live. Let's focus on Amazon. The stock hitting a new all-time high today after a strong third quarter earnings report that included 20% growth in its cloud division.It's been a long way back above $240 for this stock. Shares finally breaking the new highs we saw in February after a tariff related April selloff and recovery followed by 3 months of sideways trading. Let's uh focus in now on Amazon.Joining us for a closer look at this name H is the host of NextGen Investing today, J ...

Core Insights - Amazon's shares surged approximately 11% to a record high following the announcement of its strongest cloud growth since 2022, alleviating investor concerns about overspending on AI by major tech firms [1][4][12] - The tech-heavy Nasdaq index rose by 1.2%, while the S&P 500 and Dow Jones increased by 0.6% and 0.3%, respectively, indicating a positive market trend [1][3] Amazon's Performance - Amazon reported a 20.2% increase in revenue for its cloud unit in the most recent quarter, surpassing Wall Street's expectations of 18.1% [4] - The company achieved earnings per share of $1.95, exceeding estimates of $1.57, and total revenue of $180.17 billion, which was above the expected $177.8 billion [5] - For the current quarter, Amazon anticipates sales between $206 billion and $213 billion, exceeding analyst expectations [6] - The expected operating income for the current quarter is projected to be between $21 billion and $26 billion, compared to estimates of $23.8 billion [7] Capital Expenditures and Job Cuts - Amazon has increased its planned capital expenditures for 2025 to $125 billion from $118 billion, with intentions to spend even more in the following year [9][8] - The company is also implementing significant cost-cutting measures, including a round of 14,000 job cuts, with a total of 30,000 corporate jobs, or about 9% of its global office workforce, planned to be eliminated [12][13] Market Context - Major stock indexes are on track to end the week higher, with the Dow and Nasdaq poised for their longest streaks of monthly gains since January 2018 [3][4] - Other tech giants, such as Meta and Microsoft, experienced declines in their stock prices due to announced increases in capital expenditures for AI [2]

Group 1 - Amazon's stock surged by 12.2%, increasing its market value by $274.2 billion (approximately 1.95 trillion RMB) [3] - Amazon's Q3 net sales reached $180.2 billion, a 13% year-over-year increase, surpassing market expectations of $177.8 billion. Net profit was $21.2 billion, up nearly 40% [5] - AWS cloud business revenue grew by 20% year-over-year to $33 billion, marking the strongest growth since 2022 and alleviating concerns about AWS lagging in the AI competition [5] Group 2 - Nvidia's stock rose over 1.6%, with its market value returning to $500 billion. Nvidia announced a collaboration with the South Korean government and major companies to deploy over 260,000 GPUs for national AI infrastructure [5] - Apple's Q4 revenue reached $102.47 billion, a historical high for the period, with a year-over-year growth of 8%. Net profit was $27.47 billion, up 86% [6] - Apple's total revenue for the fiscal year reached $416.16 billion, with net profit exceeding $112 billion, continuing its growth trend. However, revenue from Greater China declined by 3.6%, marking it as the only region with negative growth [6] Group 3 - The Nasdaq Golden Dragon Index saw a shift from decline to increase, with notable stock performances: Lexin surged by 26%, and several other stocks rose over 10% [6][7] - International oil prices experienced a short-term increase, with both Brent and WTI crude oil rising nearly 1% [8] - Gold prices fell below $4,020 per ounce, with Morgan Stanley predicting gold prices could reach $4,500 per ounce by mid-2026 due to geopolitical tensions and inflation pressures [11]

Amazon.com Inc (NASDAQ:AMZN) stock is up 10.5% to trade at $245.86 at last glance, reinstating Big Tech faith after the company surpassed third-quarter earnings and revenue estimates. In addition to enjoying AI investment gains from startup Anthropic, it also saw a 20% revenue jump for cloud computing arm Amazon Web Services (AWS). The e-commerce giant issued an upbeat fiscal fourth-quarter forecast as well, laying off 14,000 employees earlier this week.The equity has attracted more than 20 price-target hik ...