Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024. Michael M. Santiago | Getty Images As U.S. markets opened for trading …
Amazon.com Inc
Nvidia, Super Micro lead AI trade carnage with stocks down over 12%
Sopa Images | Lightrocket | Getty Images Artificial intelligence stocks powering much of 2024’s market gains dropped Monday as U.S. recession fears sparked a global sell-off on Wall Street. The …
Crypto plunge wipes out $270 billion in value as bitcoin, ether plunge
Nurphoto | Nurphoto | Getty Images The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin …
Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech’s mega-cap companies largely in the rearview …
Amazon stock down 12% after third-quarter outlook disappoints
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon shares …
Microsoft touts cloud momentum from Y Combinator startups
EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023. EzDubs, a developer of language-translation technology, got started the …
Solar stock Nextracker’s strong quarter is eclipsed by backlog concerns
Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm’s backlog of projects overshadowed its better-than-expected quarterly results. Revenue in its fiscal 2025 first-quarter rose …
U.S. and Asian stocks fall; 10-year Treasury below 4%
U.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. Andreas Arnold | Picture Alliance | Getty Images This report is …
AWS Q2 earnings report
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon said Thursday that revenue in its cloud division increased 19% in the second …
Amazon’s advertising business grew 20% in the second quarter
Future Publishing | Future | Getty Images Amazon’s online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts’ estimates. Amazon disclosed …