Tag: amazon earnings

Amazon AI spending is paying off as strong cloud growth sends shares higher and adds $25 billion to Jeff Bezos’ net worth.  (REUTERS/Abdul Saboor) (REUTERS)
Posted in Business

Amazon’s AI bet pays off as Jeff Bezos gets $25 billion richer, replaces Brin

Amazon shares jumped about 14% shortly after trading opened on Friday. It was the company’s biggest one-day gain in more than 10 years. The last…

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Microsoft, Meta and Amazon earnings could test the S&P 500 as investors watch AI spending (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
Posted in Business

Will AI spending sink the S&P 500? Microsoft, Meta and Amazon earnings hold the answer

The S&P 500 could face a big drop this week if Microsoft, Amazon, and Meta report huge AI spending that shows no signs of slowing…

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