BREAKING: Amazon shareholders request the company explores adds Bitcoin to its treasury.
REMINDER: Microsoft shareholders are set to decide on the firm’s Bitcoin investment proposal this Tuesday, December 10. Source: Dennis Porter @Dennis_Porter, Bitcoin Archive @BTC_Archive
NVIDIA WAS DOWN 4% YESTERDAY BECAUSE BLOOMBERG PUBLISHED AN ARTICLE SAYING THAT $AMZN AMAZON IS COMING FOR THEIR LUNCH
$AMZN $NVDA Source: amit
Amazon is spending billions to make sure it doesn’t fall behind in AI
The company’s $75 billion capital splurge shows no signs of slowing in 2025. Source: Quartr
*AMAZON $AMZN PREPARES FOR LAUNCH OF LOW-COST, TEMU-RIVAL DISCOUNT STORE $PDD
As initially reported back in June, Amazon is preparing for the launch of its new discount online storefront which will compete directly with Chinese e-Commerce rival 'Temu'. Strict "price caps" will be set for merchants, with shockingly low price limits, such as $8 for jewlery and $20 for sofas. Source: Stock Talk on X
After Alphabet $GOOG, it is now the turn of Amazon $AMZN to go nuclear...
It's investing $500 million across 3 new projects: • Building 4 SMRs (small modular reactors) with Energy Northwest • Exploring SMR development with Dominion Energy • Leading SMR developer X-Energy's funding round Source: Stocktwits
Jeff Bezos letter to shareholders when Amazon stock was down ~80%
Every investor should read this: (source: Matt Allen)
In case you missed it...
Intel & Amazon just Announced an Extended Multi Year Multi Billion Dollar Partnership. $INTC 📈 was up +10.85% in after hours Source: Trend Spider
Amazon reported weaker-than-expected revenue for the second quarter on Thursday and issued a disappointing forecast for the current period.
The shares slid as much as 6% in extended trading. Here's how $AMZN Amazon did in Q2 FY24: • Revenue +10% Y/Y to $148B ($0.8B miss). • Operating margin 10% (+4pp Y/Y). • FCF $53B TTM. ☁️ AWS: • Revenue +19% Y/Y to $26.3B. • Operating margin 36% (+11pp Y/Y). Q3 FY24 Guidance: • Revenue ~$154-$158.5B ($158.3B expected).
