Amazon rallies on cloud recovery as it chases Microsoft for AI business
Friday, 27 October 2023 Amazon.com saw a 7% increase in its stock price on Friday, driven by growth in its cloud business and its focus on the artificial intelligence market. The company's CEO, Andy Jassy, expressed optimism about the cloud business and the potential for AI to generate significant revenue. This positive outlook led to an increase in price targets from 26 brokerages. However, Amazon is still considered a laggard in the AI race compared to Microsoft. Despite recent gains, Amazon shares have dropped nearly 8% in the past two days due to concerns about customer spending in the cloud market.
Join us for a captivating discussion with Swapneel Jain, an Amazon-selling mogul from India who has sold over $10 million worth of products on Amazon over the past couple of years. Tune in to hear..
Microsoft and Amazon , Face Antitrust Probe in UK.
Microsoft and Amazon , Face Antitrust Probe in UK.
On Oct. 5, Britain's Competition and Markets Authority (CMA) said it is investigating Microsoft..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 27 October 2023
![$6 Million Amazon FBA Business with 0 Employees?! | SSP #502 [Video]](https://video.newsserve.net/300/v/20231031/1698775837-Million-Amazon-FBA-Business-with-Employees.jpg)
![Microsoft and Amazon Face Antitrust Probe in UK [Video]](https://video.newsserve.net/300/v/20231005/1358814795-Microsoft-and-Amazon-Face-Antitrust-Probe-in-UK.jpg)
