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Bitcoin miner Cipher Mining's stock surged over 30% after securing a 15-year, $5.5 billion deal to provide AI computing infrastructure for Amazon Web Services.
Amazon shares surged to a record high of $255 after the company announced a seven-year, $38 billion cloud computing deal with artificial intelligence firm OpenAI.
U.S. stock futures are mixed as strong earnings from tech giants like Amazon lift the Nasdaq, while broader market indices show caution amid global economic concerns.
The SPDR S&P 500 ETF (SPY) closed higher, boosted by a nearly 10% surge in Amazon stock after strong earnings and renewed trade optimism.
Amazon's stock surged over 10% after its Q3 earnings beat expectations, driven by a surprise 20% growth in its AWS cloud division to $33 billion in sales.
Several investment firms have raised their price targets for Amazon (AMZN) ahead of its Q3 earnings, citing long-term confidence in its cloud and advertising businesses.
Financial markets are bracing for a volatile week, with a crucial U.S. Federal Reserve interest rate decision and earnings reports from Apple and Amazon.
A look into Berkshire Hathaway's latest filings reveals key shifts, including a new bet on Constellation Brands and a continued reduction of its Apple holdings.
Warren Buffett's Berkshire Hathaway holds a $30.5 billion stake in Coca-Cola and Amazon, with analysts projecting potential upsides of 15% and 23% respectively.
Amazon's advertising division has become its most profitable segment, with 70% margins and 20% annual growth, now contributing over half of the company's operating income.
Warren Buffett's biggest investment regrets involve missing early opportunities in Amazon and Google, costing Berkshire Hathaway billions in potential gains. He later adapted his strategy.
Amazon is reducing weekly health plan premiums to $5 and doctor copays to $5 for U.S. operations staff as part of a $1 billion investment in employee benefits.
