It has been less than four months since CoreWeave (CRWV -7.52%) went public, and shares of the artificial intelligence (AI) cloud computing company have already shot up a remarkable 245% in such a short period.However, a closer look at the recent stock price action suggests that CoreWeave has been under pressure lately. The stock hit a 52-week high on June 20 but has since lost almost 24% of its value, as of this writing. Let's examine why this has been the case and look at whether the recent dip in CoreWea ...

Amazon (AMZN 0.39%) was founded in 1994 to sell books using the internet, and it quickly became an e-commerce pioneer which now offers more than 600 million different products. Its expansion into other businesses like cloud computing, streaming, and digital advertising helped catapult the company's valuation to an eye-popping $2.4 trillion.But last Monday (July 14), Bitcoin (BTC 0.74%) briefly surpassed $2.4 trillion in market capitalization when the value of a single coin rocketed past $123,000. The crypto ...

Amazon (AMZN 0.39%) and Alphabet (GOOGL 0.36%) (GOOG 0.52%) delivered lackluster returns in the first half of 2025. Amazon shares traded sideways, while Alphabet stock actually declined 7%. But certain Wall Street analysts expect the companies' market values to top $3 trillion in the next year. Here's what that means for shareholders:Brian Nowak at Morgan Stanley recently increased his target price on Amazon to $300 per share. That implies 34% upside from its current share price of $233. It also implies a m ...

Group 1 - The WisdomTree Cloud Computing Fund ETF (NASDAQ: WCLD) is identified as a buy opportunity for investors with a medium-term investment horizon who can manage volatility [1] - The fund is positioned to capture the next wave of growth in the cloud computing sector [1] Group 2 - The author has a background in corporate finance, M&A, and investment analysis, focusing on real estate, renewable energy, and equity markets [1] - The analysis aims to empower informed investment decisions and engage with a global audience [1]

Core Insights - Amazon has cut hundreds of jobs in its Amazon Web Services (AWS) division, a decision made after a thorough review of organizational priorities [2][3] - The layoffs are part of a broader trend among tech giants, including Microsoft and Meta, who have also announced job cuts this year [5] - CEO Andy Jassy indicated that the adoption of generative AI would lead to workforce reductions, emphasizing the need for employees to adapt to AI technologies [6][7] Job Cuts Details - The layoffs occurred on July 17, with employees receiving notifications via email that their roles were eliminated [4] - At least one group, referred to as "specialists," who assist customers in product development and service sales, was affected by the cuts [4] - Amazon stated that the job cuts were not directly related to AI but were a result of a review aimed at streamlining operations [3] Future Workforce Strategy - Jassy has communicated that employees proficient in AI will be better positioned for future roles within the company [6] - The company continues to hire in other areas, indicating a focus on innovation and resource optimization despite the layoffs [3] - Research indicates that a significant portion of the workforce perceives generative AI as a risk for job displacement, with 54% expressing concerns about widespread job loss [7]

Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction.An Amazon spokesperson confirmed it had cut jobs but did not provide a number.Amazon, which employed 1.6 million full- and part-time workers globally as of the end of March, has joined a growing list of firms, including Microsoft, Meta, and CrowdStrike in announcing layoffs this ye ...

https://t.co/JHZxKhN4Fo is cutting jobs in its cloud-computing division, the latest big tech company to pare its headcount amid rising costs for artificial intelligence. https://t.co/MKjiDKoJr8 ...

Amazon laid off employees in its cloud-computing unit, the company confirmed on Thursday, and employees are trying to piece together the details in internal messages. Amazon spokesperson Brad Glasser confirmed the company is laying off employees in AWS, but did not specify which teams were affected or how many employees were cut.Internal Slack messages viewed by Business Insider suggest the affected teams include frontline support, training and certification, and the AWS Worldwide Specialist Organization, ...

Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.Amazon is laying off some staffers in its cloud computing division, the company confirmed on Thursday."After a thorough review of our organization, our priorities, and what we need to focus on going forward, we've made the difficult business decision to eliminate some roles across particular teams in AWS," Amazon spokesperson Brad Glasser said in a statement. "We didn't make t ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMZN, GOOG either through stock ownership, options, or other derivatives. I wrote this article ...