Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 trillion in market cap by 2024. According to a report in CNBC, citing MKM Analyst Rob Sanderson, thanks to the company’s profitable cloud computing unit, Amazon Web...
Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that in three years’ time, advertising will bring in more revenue for Amazon. According to a report in CNBC, Piper Jaffray Analyst Michael Olson said that...
Another quarterly earnings reports, another rush of pleased Amazon investors hurrying to boost the stock in after-hours trading — Amazon stock jumped 4.1 percent in after-hours trading, despite notching the rare miss on revenue expectations. Profit expectation doubled analysts’ forecasts, which helped instill confidence, as did continued...
July 27, 2018
Another quarterly earnings reports, another rush of pleased Amazon investors hurrying to boost the stock in after-hours trading — Amazon stock jumped 4.1 percent in after-hours trading, despite notching the rare miss on revenue expectations. Profit expectation doubled analysts’ forecasts, which helped instill confidence, as did continued strength in the Amazon Web Services business and emerging strength […]
August 31, 2018
Amazon’s AWS is in the process of developing new cryptographic and AI-based security tools, and is now looking for more than 130 engineers with cryptography skills to help build and run the project. According to reports, a large portion of the work is taking place in a division called the Automated Reasoning Group (ARG), which […]
August 23, 2018
Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 trillion in market cap by 2024. According to a report in CNBC,...
August 13, 2018
Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that in three years’ time, advertising will bring in more revenue...
