Advertisement
New Zealand markets closed
  • NZX 50

    11,744.39
    +2.92 (+0.02%)
     
  • NZD/USD

    0.6108
    +0.0021 (+0.34%)
     
  • NZD/EUR

    0.5629
    -0.0001 (-0.01%)
     
  • ALL ORDS

    8,007.10
    +47.60 (+0.60%)
     
  • ASX 200

    7,745.60
    +46.90 (+0.61%)
     
  • OIL

    79.81
    +1.55 (+1.98%)
     
  • GOLD

    2,091.60
    +36.90 (+1.80%)
     
  • NASDAQ

    18,302.91
    +259.06 (+1.44%)
     
  • FTSE

    7,682.50
    +52.48 (+0.69%)
     
  • Dow Jones

    39,087.38
    +90.99 (+0.23%)
     
  • DAX

    17,735.07
    +56.88 (+0.32%)
     
  • Hang Seng

    16,589.44
    +78.00 (+0.47%)
     
  • NIKKEI 225

    39,910.82
    +744.63 (+1.90%)
     
  • NZD/JPY

    91.6610
    +0.4010 (+0.44%)
     

1 Unstoppable Artificial Intelligence (AI) Growth Stock Billionaires Are Buying Hand Over Fist

1 Unstoppable Artificial Intelligence (AI) Growth Stock Billionaires Are Buying Hand Over Fist

Shares of e-commerce and cloud computing behemoth Amazon (NASDAQ: AMZN) have gained by 76% so far in 2023 -- a remarkable recovery after losing nearly half of their value in 2022. The company's recent quarterly results (for the three months ending Sept. 30) were stellar, with revenue and earnings handily surpassing consensus estimates. The company's free cash flow exploded to $21.4 billion in the 12 months ending Sept. 30, compared to negative $19.7 billion in the previous year.