Key Takeaways As 2026 approaches, it's prudent for investors to choose stocks that are charged up for big gains. In that context, investors should choose stocks by applying Richard Driehaus' "buy high and sell higher" theory, which has helped him earn a place in Barron's All-Century Team. No doubt, it's a proven investment strategy that can be used to identify the leading momentum stocks. The Association of Individual Investors ("AAII") considered the percentage 50-day moving average as one of the key crite ...

Amazon has unified its artificial intelligence operations under one leader. The e-commerce and cloud computing giant appointed Peter DeSantis, a 27-year AWS veteran, to lead a newly unified organizati... ...

Hey, Kelly. So, this is a win-win for both Amazon and OpenAI. Now, for Amazon, it is about redemption.Anthropic had been its marquee AI partner, running its cloud models on Amazon's in-house AI chips. But lately, the startup has been signing new compute deals with Microsoft and Google, and that's been a reputational hit for Amazon and especially for its trrenium chips, which still are viewed, which are still not viewed as best-in-class on performance. Now, as for what OpenAI gets out of this, it's all about ...

The executive who led Amazon's efforts to build top AI models is out. Rohit Prasad, SVP and head scientist, is leaving two years after launching a new Artificial General Intelligence group. CEO Andy Jassy said Prasad plans to depart at the end of the year. Prasad was elevated to report directly to Jassy in 2023 to lead the AGI team, which was tasked with developing Amazon's "most ambitious" AI models, Business Insider reported at the time. Since then, Prasad helped launch Amazon's Nova family of AI model ...

Amazon on Wednesday tapped long-time cloud executive Peter DeSantis to lead a new unit that would oversee its most advanced technologies, including artificial intelligence models, custom silicon and q... ...

In Brief Amazon CEO Andy Jassy announced in a message to staff on Wednesday that longtime AWS executive Peter DeSantis will lead a new AI-focused organization within the company. This organization will be responsible for Amazon’s AI models like Nova, as well as silicon development and quantum computing, which help make AI tools faster and more efficient. DeSantis has spent 27 years at Amazon, including eight years as an SVP for AWS, the cloud provider that powers about one-third of the internet. At AWS’s r ...

Rohit Prasad, Senior VP & Head Scientist for Alexa, Amazon, on Centre Stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal.Rohit Prasad, a top Amazon executive overseeing its artificial general intelligence unit, is leaving the company at the end of this year, the company confirmed Wednesday.As part of the move, Amazon CEO Andy Jassy said in a blog post that the company is reorganizing the AGI unit under a more expansive division that will also include its silicon development and ...

Amazon AI chief Rohit Prasad is leaving at year's end, according to a memo from Amazon CEO Andy Jassy. ...

Speaking of AI today, a possible deal between OpenAI and Amazon might be valued north of10 billion. For that, we'll turn to Mackenzie Sagalas. Morning, Mac. >> Hey, good morning, Carl.This would be a big upgrade and the Amazon OpenAI relationship. We're talking about both a huge investment, plus a path for AWS to land OpenAI as a flagship customer, which is a real optics win for Amazon's Nvidia alternative. Now, as for what I'm hearing from a source close to the discussions, Amazon is looking at an equity s ...

Amazon.com, Inc.’s ( AMZN ) post-earnings momentum has largely fizzled in the past month. Despite the steep rally to accompany its Q3 outperformance , the stock has reversed all of the gains, trading back at pre-earningsAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other ...