Analysis Crypto by Thebittimes.Com

Throughout the first few months of the year, the US stock market has had a tough go. However, macroeconomic pressures and geopolitical uncertainty haven’t stopped artificial intelligence from remaining at the forefront. Amid increased demand, there’s reason to think Amazon (AMZN) could eventually eclipse Nvidia (NVDA) by 2023 thanks to AI. Both companies have remained at the forefront of the developing technology. For Amazon, it has used it to increase efficiency and greatly enhance its operations while strengthening its Amazon Web Services (AWS) business. Alternatively, Nvidia has become the chief chipmaker, strengthening the development of those products. Yet, could their positions flip over the next five years? Source: Reuters / Brendan McDermid Also Read: Amazon (AMZN): One Key Reason the Stock is Still a Bargain… For Now Can Amazon Usurp Nvidia in Market Cap Over the Next Five Years? Both Amazon and Nvidia have become some of the most valuable companies in the world. Th...

With few companies able to compare to its dominance in a myriad of sectors, Amazon’s (AMZN) stock has gotten an upgraded $300 target as it looks to be one of the top stocks’ of 2025. The company remains an e-commerce and cloud computing juggernaut. But is that enough for it to take on some of Wall Street’s heaviest hitters? The week started with a rather shocking shake-up for the stock market. Various tech companies saw their value fall amid the arrival of the Chinese AI startup DeepSeek. Early Monday, it pushed Nvidia (NVDA) down as much as 12%, with Microsoft (MSFT) falling 4%. However, Amazon was more or less spared relative to the competition, only falling 1.3%. Source: Reuters Also Read: Amazon Q4 Earnings Projected to Rise 54%: AMZN to Outperform? Amazon Looks to Lead 2025: Do Analysts Believe It Will Get There? There is no shortage of reasons to believe in Amazon’s potential. The brand is a proven commodity and has been one of the biggest businesses in the...

The end of the week saw a very important statistic come to light as Amazon has outearned Google in one key area amid AMZN’s continued gains to end the week. Indeed, the massive e-commerce company has displayed some positive performance in October’s last two weeks. The development will have Amazon challenging for increased supremacy within the information technology sector. Its stock was up 2.3% Friday, trading at the $188 mark as it looks to end the year strong, preparing for an impressive start when the calendar turns. Source: Reuters Also Read: Amazon AWS to Grow 20%? Why It Has AMZN Targeting $230 Amazon Beats Google in One Key Statistic as AMZN Looks to Surge 2024 has certainly been a positive year for several tech stocks across the board. With Nvidia (NVDA) surging almost 200% throughout that time, it has been followed by a host of stocks quick to embrace the AI demand boom. Yet, the market is still regarding companies that are taking more traditional routes. One that i...

Google's parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout. More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession. The so-called “magnificent seven” refers to the top seven blue-chip tech firms including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla — who combine to make up a quarter of the value of the S&P 500 index. Google parent company Alphabet saw its share price fall over 9%, wiping $180 billion from its market cap and was noted as Google’s worst-performing day since the COVID-19 pandemic hit in March 2020. Google’s (Alphabet Inc Class A) share price over the last five days. Source: Google Finance The share prices of Amazon, Nvidia, and Meta fell 5.5%, 4.3%, and 4.2% respectively, according to Y Charts. Apple and Tesla’s fall in share prices were less severe at 1.35% and...

The cryptocurrency markets are already in shock with the fall of the FTX exchange. The technology sector is dealing with its own set of issues. Following Twitter’s massive layoffs, Meta announced that it would follow suit. Meta recently unveiled that it would fire 11,000 employees. Inflation and the possibility of a recession haven’t spared any industry giants. Amazon is one of the largest e-commerce giants. As per the details of a recent report from The New York Times, Amazon is planning to cut approximately 10,000 jobs. JUST IN: Amazon $AMZN to fire 10,000 employees, NYT reports. — Watcher.Guru (@WatcherGuru) November 14, 2022 Amazon to reportedly fire 10,000 employees beginning this week The E-commerce giant is likely to lay off 10,000 people from corporate and technology positions this week. The information is from people who are familiar with the matter. If Amazon conducts this layoff, it would be the largest in the history of the ...