Amazon has been terrible, the worst of the Magnificent Seven stocks this year.
Source
Jim Cramer: If this happens, Amazon stock might be able to end its ‘horrible slide’
Technology
Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining
Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York City on April 14, 2021. Robert Nickelsberg | Getty Images News | Getty Images Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, citing a combination of market volatility and AI […]
Read More
Technology
Andy Jassy says Amazon investors will be rewarded by all its AI spending
Andy Jassy said Amazon’s massive spending on artificial intelligence isn’t something investors should fear — it’s exactly why they’ll be rewarded over time. “We believe that AI is the biggest technology transformation in our lifetimes,” the CEO said on “Mad Money.” “It’s going to reinvent every single customer experience we know and altogether new ones […]
Read More
Technology
Jim Cramer says to own these types of stocks that ‘dominate the new economy’
CNBC’s Jim Cramer said market pullbacks driven by geopolitical shocks shouldn’t push investors to the sidelines, arguing that the bigger opportunity is in owning companies powering the economy’s next phase of growth. “What you really would need to own are the companies that actually dominate the new economy,” Cramer said Monday on “Mad Money,” pointing […]
Read More