Amazon.com, Inc. (AMZ.F)
| Previous Close | 178.78 |
| Open | 181.50 |
| Bid | 183.68 x 10000 |
| Ask | 183.82 x 10000 |
| Day's Range | 180.94 - 184.42 |
| 52 Week Range | 128.20 - 186.98 |
| Volume | |
| Avg. Volume | 6,045 |
| Market Cap | 1.93T |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 42.65 |
| EPS (TTM) | 4.31 |
| Earnings Date | Jan 30, 2025 - Feb 03, 2025 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Yahoo Finance Video
Why Amazon must 'keep spending' on AI
Amazon (AMZN) topped third quarter earnings estimates on both revenue and profit. One key metric investors were closely watching is the company's capital expenditures, particularly those related to AI investments. Citizens JMP Equity Research Analyst Nick Jones breaks down the significance of Amazon's massive tech spending on Morning Brief. Jones emphasizes that Amazon's AI investments are critical to maintaining its competitive edge. "AI is this massive, massive opportunity. We're only a year or so into the opportunity, so we're probably looking at a very long runway of spend," he tells Yahoo Finance. The company plans to invest $75 billion in capital expenditures for 2024, and in 2025 "they'll likely spend more." Despite these substantial investments, Jones notes Amazon maintains strong operating income margins, which he sees as a key stock performance indicator. "Amazon's a dominant cloud player. They're going to want to be dominant in AI. They need to keep spending," Jones adds, highlighting what he sees as a "multi-decade runway" for the company's artificial intelligence strategy. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
- Yahoo Finance Video
October jobs report, Amazon and Apple, Boeing deal: 3 Things
US stock futures (ES=F, NQ=F, YM=F) are moving higher on the back of the October jobs report released this morning — 12,000 jobs were added to the US economy in the past month, the labor numbers heavily impacted by Hurricanes Helene and Milton. Economists originally projected an addition of 100,000 nonfarm payrolls. Tech giants Amazon (AMZN), Apple (AAPL), and Intel (INTC) all released their earnings results after Thursday's market close. Aircraft manufacturer Boeing (BA) has reportedly reached a tentative labor deal with striking workers. The labor union is set to vote on the proposal this Monday, November 4. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
