Amazon.com Inc
Applied Digital signs $5 billion AI factory lease with U.S. based hyperscaler
Applied Digital said on Wednesday that it signed a $5 billion infrastructure lease agreement with a U.S. hyperscaler. Shares of the data center company dropped more than 7% following the announcement, continuing a recent slumped that’s sent the stock down over 20% in the past week. The stock has still almost quadrupled this year. The […]
Read More
Amazon’s switch to robots over human warehouse employees will save it up to $4 billion a year, Morgan Stanley says
Amazon’s robotics ambitions can lead to multibillion-dollar cost cuts for the company, according to Morgan Stanley. Amazon plans to replace 600,000 jobs with robots in the coming years and, ultimately, is working towards its goal of automating 75% of its operations, The New York Times reported on Monday citing several internal strategy documents. The e-commerce […]
Read More
AI is already taking white-collar jobs. Economists warn there’s ‘much more in the tank’
Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025. Michael Short | Bloomberg | Getty Images JPMorgan Chase and Goldman Sachs are harnessing it to employ fewer people. Ford CEO Jim Farley warned that it will “replace literally half of […]
Read More
Amazon continues expansion of ultrafast 15-minute delivery to UAE after India launch
Packages on a conveyor belt at an Amazon fulfilment center in Dartford, UK, on Monday, July 7, 2025. Jason Alden | Bloomberg | Getty Images Amazon on Tuesday launched a new ultrafast delivery service in the United Arab Emirates that can ferry groceries, cosmetics, electronics and other household items to shoppers in 15 minutes or […]
Read More
AWS recovers, Apple rallies, General Motors beats and more in Morning Squawk
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: […]
Read More
CNBC Daily Open: More people want the new iPhone — and Apple shares
Apple CEO Tim Cook holds new iPhones during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images Critics may sneer at the iPhone 17 Pro’s fluorescent orange finish, but Apple’s “Cosmic Orange” smartphone seems to be dazzling where it counts — in sales and shares. […]
Read More
CNBC Daily Open: All you need for a rally is a good iPhone
Consumers experience the iPhone 17 in an Apple store in Shanghai, China on October 13, 2025. Cfoto | Future Publishing | Getty Images Critics’ displeasure at the iPhone 17 Pro’s fluorescent orange color aside, Apple’s “Cosmic Orange” smartphone has charmed fans — and investors. The newest iPhone 17 series, which includes the base iPhone 17 […]
Read More
Jim Cramer: Patient Apple bulls are vindicated, and the stock is just getting started
Shares jumped to a record high Monday following positive chatter from Wall Street analysts on iPhone 17 demand. Source
Read More
Stocks making the biggest moves midday: Apple, Cleveland-Cliffs, Oracle, KLA, Tempus AI and more
Check out the companies making the biggest moves midday: Apple — The Tim Cook-led company climbed 4% after the iPhone 17 series outsold the iPhone 16 series in China and the U.S. in the first 10 days of availability, according to Counterpoint research, and Loop Capital upgraded the stock to buy from hold, citing better-than-expected […]
Read More
Jim Cramer: If this happens, Amazon stock might be able to end its ‘horrible slide’
Amazon has been terrible, the worst of the Magnificent Seven stocks this year. Source
Read More