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Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms continued to enjoy a revival after a month-long rout, with confidence also boosted by the prospect of an imminent deal to reopen the Strait of Hormuz.Crude tumbled more than five percent Tuesday -- and are down more than 10 percent this week -- after US Treasury Secretary Scott Bessent said a deal could be reached imminently with Tehran on re-opening the Strait of Hormuz to shipping traffic. 

Investor Ross Gerber said Sunday that the collapse of former OpenAI researcher Leopold Aschenbrenner‘s AI-focused hedge fund Situational Awareness was a lesson in the dangers of excessive leverage rather than a failure of the artificial intelligence investment thesis. Leverage Can...

Amazon stock has been soaring.

A U.S. appeals court has overturned a previous ruling and allowed Perplexity to use its AI shopping tools on Amazon's platform. This is the first federal appellate decision on how AI agents may access and operate on major online marketplaces. The ruling affects Amazon.com's control over third party tools on its marketplace and may influence future platform policies. Amazon.com, listed as NasdaqGS:AMZN, now faces a new legal backdrop for how AI driven services plug into its marketplace. The...

The company wants to boost engagement through personalized recommendations.

SpaceX doubled its revenue compared to last year, according to its first quarterly earnings since going public in June.

Amazon's cloud business is growing at a historic pace, but its plan to spend a fortune on new data centers was the only thing analysts wanted to talk about.

The technology giant is returning an unusual amount of cash to shareholders, but the market sees a crack in the machine. Here's what's really going on.

ARK is moving closer to the center of AI spending

By Blake Brittain Aug 4 (Reuters) - A U.S. appeals court on Tuesday overturned a ruling that had temporarily barred Perplexity from using ​its AI-powered agentic shopping tools on Amazon's platform.

A U.S. appeals court on Tuesday overturned a ruling that had temporarily barred Perplexity from using its AI-powered agentic shopping tools on ‌Amazon's platform. In a novel legal dispute, the San Francisco-based 9th U.S. Circuit Court ‌of Appeals determined that Amazon was unlikely to succeed on its claim that Perplexity's AI agents violated a federal ​computer-hacking law. The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms, a question with broad implications for the fast-growing field of agentic AI tools that can browse, shop and transact across the web.

The lawsuit alleges Amazon violated federal and state antitrust laws through its Delivery Service Partner program, arguing the company exercises unlawful “monopsony,” or a dominant buyer’s ability to dictate prices and terms-over the small businesses that deliver Amazon packages and the drivers they employ.

Short sellers piled into Microsoft and Amazon at historically stretched levels before earnings, and the beats that followed set off a covering scramble that has powered both stocks for weeks. Now the question is whether the rally has legs or whether the easiest gains are already gone.

Amazon's investment is already showing up on its balance sheets.

Bezos plans to unload 15 million ‘founder shares’ he acquired back in 1994 under a prescheduled trading plan.

Tech stocks were sharply higher Tuesday afternoon, with the State Street Technology Select Sector SP

Microsoft Corp, Meta Platforms Inc, Oracle Corp, Amazon and Alphabet have committed about $1.09 trillion in future payments under leases that have not yet begun, mostly for data centres ‌needed to power the artificial intelligence boom. The commitments show that a substantial part of Big Tech's ‌AI spending spree has already been locked in, without yet appearing as debt-like lease liabilities on company balance sheets. The total is nearly four times the roughly $285 billion of lease liabilities already recognised on the companies' balance sheets, according to company filings compiled by ‌Reuters.

The state's attorney general filed the federal antitrust lawsuit Tuesday, accusing Amazon of holding down pay for drivers in its Delivery Service Partner program

Amazon, Google, and Microsoft just posted their biggest weekly gains in years, and one well-known analyst says the repricing has barely started. Before you decide whether to chase or wait, understand what the balance sheets and backlogs actually signal.

UBS just published a profit projection for Amazon that would reshape the entire corporate landscape by 2030, and the number hinges almost entirely on a single segment now growing at its fastest clip in four and a half years.

Amazon joins the $3T club as AI-driven AWS growth accelerates. See how ETFs with AMZN exposure can capture upside while helping reduce single-stock risk.

Reaching the next milestone takes about a 31% climb. The current pace of profit growth would more than cover it.

Amazon just crossed a milestone that puts it in rare company, but the real question is whether the forces driving that surge can hold through year-end or whether a $200 billion spending gamble quietly undermines everything.

Ark Invest added to three existing positions on Monday, with two of them still trading for half of last year's peak.

Free cash flow is negative while the cloud build runs, and that is the whole question for anyone weighing the stock today.

Investors are torn between walking away from the AI trade as spending soars with little ROI to show for it, and staying in for fear of missing the next bull run. One analyst is clear: some of the biggest AI infrastructure players won’t survive this shakeout, and Oracle is at the top of his worry […]

(Update with New Jersey Attorney General Jennifer Davenport's statement on the lawsuit in the penult

The five most valuable companies in America just reported earnings, and the profit rankings will surprise you. One name sits at the top for reasons that have almost nothing to do with its actual business.

Aug 4 (Reuters) - New Jersey sued Amazon.com on Tuesday, accusing the online retailer of abusing its market power over independent delivery drivers, court records showed.

The earnings multiple has come all the way down to the market's, while the build-out behind the story keeps pushing gross margin lower.