Amazon.com is a multinational technology and e-commerce company that revolutionizes the way consumers shop online
It offers a vast selection of products and services, ranging from books and electronics to household goods and digital content, through its user-friendly platform. In addition to its retail operations, Amazon provides cloud computing services via Amazon Web Services, enabling businesses to leverage powerful computing resources. The company is also known for its innovations in logistics, such as advanced delivery systems and the use of artificial intelligence. With a strong emphasis on customer experience and technological advancement, Amazon continues to expand its presence in various sectors, including entertainment, smart home technology, and grocery services.
IT incident response platform PagerDuty (NYSEPD) announced better-than-expected revenue in Q4 CY2024, with sales up 9.3% year on year to $121.4 million. On the other hand, next quarter’s revenue guidance of $119 million was less impressive, coming in 1.9% below analysts’ estimates. Its non-GAAP profit of $0.22 per share was 36% above analysts’ consensus estimates.
Shares of cloud computing and online retail behemoth Amazon (NASDAQAMZN)
fell 3.3% in the afternoon session as markets remained anxious about the negative impact of tariffs, with concerns intensifying following new updates from the Trump administration. Treasury Secretary Scott Bessent noted on CNBC, "We're focused on the real economy.... I'm not concerned about a little bit of volatility over three weeks."
Adding to the concerns, President Trump announced on Truth Social that his administration was considering imposing a 200% tariff on all alcoholic beverages imported from European Union countries. This move was in response to the EU's 50% tariff on whisky. Trump added, "This will be great for the Wine and Champagne businesses in the U.S."
Jensen Huang will give a keynote speech at Nvidia's GTC conference next week. A keynote from Huang at CES earlier this year took Nvidia stock to highs.
Inflation cooled in February, sparking hopes of interest rate cuts. Sectors that could benefit are consumer discretionary, tech, and real estate. Consider XLY, XLK, and IYR ETFs.
Amazon.com Inc. Alphabet Inc.'s Google, Meta Platforms Inc. and Dow Inc. have joined a growing coalition of companies pledging support to triple global nuclear capacity by 2050, signaling a significant shift in how tech companies plan to power their energy-intensive operations.
