Why Amazon (AMZN) Stock Is Trading Up Today

Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 10.4% in the afternoon session after the company reported third-quarter results that surpassed Wall Street’s expectations, driven by strong growth in its cloud computing division. Amazon’s net sales rose 13.4% from the previous year to $180.2 billion, beating estimates, while earnings per share came in at $1.95, also well above analysts’ forecasts. A key highlight was Amazon Web Services (AWS), the company’s cloud u

🤖 Tim Cook Eyes AI M&A Opportunities for Apple

Apple CEO Tim Cook announced plans for mergers and acquisitions in the AI sector to enhance Apple’s intelligence capabilities. This strategy is aligned with recent tech industry trends emphasizing partnerships and innovation to stay competitive amidst the rapid evolution of AI technologies, potentially impacting jobs and tech landscapes globally.

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