AMZN News and Press, Amazon.com Inc. From 06/12/24

2024-06-12 09:47:00 ET Well, it's official: Another company has surpassed Apple 's (NASDAQ: AAPL) market cap. Last week, Nvidia became the second-largest U.S. company, trailing only Microsoft. It was another blow to Apple, whose revenue remains stuc...

2024-06-12 09:25:00 ET Summary It is understandable that many default to the assumption that AI advancements are highly beneficial for Nvidia and consequently they opt to invest in NVDA stock. Nvidia has maintained extremely high gross margins and this raises the question of wheth...

2024-06-12 09:05:50 ET To address the shortage of affordable house in metro areas and to counter criticism that the company has driven up housing prices in cities in which it operates, Amazon ( NASDAQ: AMZN ) has committed $1.4B to its Housing Equity Fund to build homes in Seatt...

2024-06-12 09:00:00 ET Summary Amazon's Q1 earnings beat expectations, with revenue growing 12.5% YoY and EPS exceeding estimates. The company is investing in growth opportunities, such as expanding its grocery subscription model and cloud infrastructure. Despite risks, includ...

2024-06-12 08:41:30 ET More on Amazon Amazon: The Stock Looks Good Despite Possible Margin Pressures Amazon: Day 2 Is Here, And It Is Great News For Shareholders Amazon: One Of The Most Underrated Megacap Stocks Nvidia rated as strongest stock among Magnifice...

2024-06-12 08:38:13 ET More on Salesforce, Fortinet, etc. Salesforce: Risks Losing Market Share As Gen AI Disrupts Salesforce: I Warned About The AI FOMO - But I'm Buying Now (Upgrade) Salesforce: Earnings Overreaction Creates A Buying Opportunity Fortinet sy...

2024-06-12 08:30:00 ET Summary MercadoLibre's alternative payment system, Mercado Pago, has helped differentiate its offerings and boost market share in Latin America's competitive e-commerce industry. Mercado Pago's success in Mexico, providing digital payments and credit to unde...

2024-06-12 07:45:00 ET Summary This quarter, we sold the last of our shares in Nvidia, a company we held for more than five years. Our initial purchase came at a time when concerns over excess inventory in gaming chips had been weighing on Nvidia’s valuation, which presente...

2024-06-12 06:53:50 ET Apple ( NASDAQ: AAPL ) retained its spot as the world’s most valuable brand for the third year, according to a new brand valuation ranking and report by Kantar's BrandZ.... Read the full article on Seeking Alpha For further details see: ...

2024-06-12 06:10:00 ET Summary The Morningstar Wide Moat Focus Index ended May, trailing the S&P 500 Index by nearly 9% thus far in 2024. The S&P 500 Equal Weighted Index is now trading at levels relative to the market cap-weighted S&P 500 Index that haven’t bee...