AWC revealed the launch of Amazon Honeycode builder. But this news did not help Amazon stock to make big gains on Wednesday. AMZN closed 1.09% down, $2734.40 per share, and is down in the pre-market.
Amazon could launch a new product. It’s an AI-driven virtual shopping service built upon a different algorithm giving customers new opportunities in purchasing things. Meanwhile, AMZN stock is in the green.
Amazon is in talks to buy self-driving car tech company Zoox. However, it is said that Amazon is not the only potential buyer. Meanwhile, AMZN stock is slightly down.
The three major Wall Street averages have soared on Wednesday. Dow Jones is nearly 400 points up. Stocks like Facebook and Amazon jumped as well, hitting new all-time records.
As Amazon predicts, its Q1 2020 net sales will rise by a range of 16% and 22% to hit $73 billion. In addition, the company has boasted more members already joined its subscription program. AMZN stock is rising in the pre-market.
Amazon (AMZN) is on the hunt for a software development engineer to develop an Amazon advertising blockchain. They posted a job offer seeking for a development engineer for their advertisement blockchain.
Amazon broadcasted mixed second-quarter results, scaling the purported sales predictions but missed the mark on income valuations as the AMZN stock drops $15 in after-hours trading.
According to FCC, with their Project Kuiper, Amazon wants to put 3,236 broadband satellites into orbit. There are almost 4B people in the world who don’t have access to reliable broadband internet and with this project, they intend to fill that gap.
Pivotal Research analyst Michael Levine has a price target on Amazon stock of $2,750 a share, the highest on Wall Street according to Tip Ranks. That’s well above second-highest forecast, that had $2,500 target.
Apple tops Forbes’ annual list of the world’s most valuable brands for the ninth straight time. The brand of the tech giant is worth $205.5 billion, up 12% over last year and it’s the first time a brand crossed the $200 billion threshold.