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AMZN Sep 2024 170.000 call

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  • Yahoo Finance Video

    Amazon may not be getting the AI credit it deserves: Analyst

    D.A. Davidson managing director Gil Luria joins Morning Brief to discuss some of the biggest trends dominating the tech sector as second quarter earnings season kicks off. Luria points to Microsoft's (MSFT) AI efforts driving a PC upgrade cycle. He explains, "the impact is so broad right now in the implementation of more AI and generative AI, including in the PC category... AI PCs have been for sale. They'll probably be part of a cycle as well. It may not be as pronounced as the iPhone cycle, but considering PC sales have been in a hangover the last couple of years, they've started showing signs of growth." He believes that the outperformance of tech stocks boils down to the fact that tech companies have "grown earnings when others have not." He also attributes the growth to diversification, explaining, "they present less risk because their businesses are so entrenched and diversified." He highlights Amazon (AMZN) as an example, and expects it to be well-positioned ahead of its earnings. He argues, "AWS is the biggest hyperscaler, and it's done a lot to catch up to Azure in terms of AI capabilities. And yet Amazon is getting very little credit in terms of multiple. It's trading at at average multiple compared to its historical rates. And so we think that's where when they get more credit that stock will outperform." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

  • Yahoo Finance Video

    Why shareholders should be excited by Alphabet-Wiz deal: Analyst

    Alphabet (GOOG, GOOGL) is in talks to acquire cyber security startup Wiz for $23 billion, according to a report from the Wall Street Journal. Jefferies senior analyst Brent Thill joins Market Domination Overtime to give insight into the movements in big tech, the cloud space, and why he believes this merger will be a successful one for Alphabet. Thill is excited by this deal, stating: "I think this makes a lot more sense given that they [Wiz] can address both small, mid, and large enterprises with this technology. That the government--there's zero chance, in my opinion, they could push back on this because it's enabling the security and safety of data, and no one has dominant market share, so it makes a lot of sense for us. So, again, we've heard a lot of chatter, and M&A by Google. None of it's happened, clearly, the HubSpot deal, at least in the interim, fell apart. But this deal, in my opinion, makes a lot more sense. I'd be a lot more excited as a shareholder if this was happening. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

  • Associated Press Finance

    Amazon Prime Day is a major cause of injuries for warehouse workers, Senate review says

    Amazon’s popular Prime Day sales event has been “a major cause of injuries” for warehouse workers who pick and pack customer orders at the e-commerce giant's facilities across the United States, according to a report released Tuesday by Sen. Bernie Sanders. The report, which draws information from a year-long Senate committee investigation into Amazon's safety practices and relied on internal company data from 2019 and 2020, said peak shopping times – including the holiday shopping period – resulted in the “highest weekly injury rates” for warehouse workers. The preliminary report complied by the Senate Health, Education, Labor and Pensions Committee, which Sanders chairs, also was based on interviews with more than 100 current and former Amazon employees.