​Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Cloud Stocks to Buy Now. On November 21, Justin Post from the Bank of America Securities reiterated a Buy rating on the stock with a $303 price target. Earlier on November 19, Mark Shmulik from Bernstein had also reiterated a Buy rating on the stock with a $300 price target. ​The positive outlook on the stock follows the company’s recent partnership with HUMAIN, announced on November 19. Under this partnership, Amazon.com, Inc. (NASDAQ:AMZN) will work wit ...

Whenever a major cloud provider has an outage, we are reminded how dependent we are on the internet, and that a very small number of companies control the majority of it. The last AWS outage lasted significantly longer than most people, including experts, had expected. “I don't think this was just a ‘stuff happens’ outage. I would have expected a full remediation much faster,” Jake Williams, vice president of research and development at Hunter Strategy, told Wired. In addition to causing numerous servic ...

Core Insights - Amazon.com Inc.'s reputation as a reliable cloud service provider was significantly impacted by a 15-hour outage affecting numerous companies, including major players like Apple Inc. and McDonald's Corp. [1][9] - This incident is considered one of Amazon's worst outages since 2021, highlighting the risks associated with reliance on a few cloud providers for essential computing services [2][3] - The outage occurred during a challenging period for Amazon Web Services (AWS), which has seen slowed sales growth and increased competition from Microsoft Corp. and Alphabet Inc.'s Google in the AI tools market [3][4] Company Performance - AWS remains the largest cloud provider globally, but the incident raises concerns about customer reliance on a single provider, especially amid current capacity constraints in data centers [4][5] - Analysts suggest that the outage may drive customers to diversify their cloud infrastructure, potentially benefiting smaller vendors like Google, although significant market share loss for Amazon is unlikely due to the complexities of shifting workloads [5][6] Incident Details - The outage was traced back to a malfunction in a digital directory for a key database service, leading to cascading failures across various systems [7][8] - At the peak of the outage, disruptions were reported across hundreds of sites, affecting services from financial platforms like Venmo and Robinhood to entertainment services like Apple Music and TV [9][10] - AWS provided updates on the recovery process, ultimately restoring all services approximately 15 hours after the outage began [10]

Amazon.com Inc.’s reputation as a reliable provider of cloud services took a hit on Monday when an outage lasting some 15 hours disrupted the operations of hundreds of companies, ranging from Apple Inc. to McDonald’s Corp. to Epic Games Inc. The incident, which some analysts are calling Amazon’s worst outage since 2021, reminded the world of the perils of depending on a handful of cloud companies to deliver crucial computing and internet services. Outages like Monday’s strike at a core premise of the clou ...

Core Insights - Globant is identified as one of the most undervalued technology stocks, with a recent multi-year Strategic Collaboration Agreement with Amazon Web Services aimed at enhancing cloud migration and GenAI adoption [1][2]. Group 1: Strategic Collaboration Agreement - The Strategic Collaboration Agreement (SCA) with AWS is intended to provide global clients with improved support for cloud migrations and the acceleration of GenAI adoption [2]. - The partnership will focus on various industries, including Media & Entertainment, Gaming, Banking & Financial Services, Travel & Hospitality, and Automotive [2][3]. - This collaboration aims to modernize business operations, enhance customer experiences, and leverage GenAI capabilities [3]. Group 2: Company Services - Globant offers a diverse range of technology services, including AI Studios Network, Digital Evolution Network, and Enterprise Network, aimed at connecting brands with end consumers [4].