Previous close | 92.57 |
Open | 92.34 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 90.00 |
Expiry date | 2024-09-20 |
Day's range | 92.34 - 92.57 |
Contract range | N/A |
Volume | |
Open interest | 889 |
Amazon, Google, Meta, and Microsoft announced they are spending billions to build out their AI capabilities. It'll take time for it to pay off.
Amazon (AMZN) posted its first quarter report on Tuesday, revealing an AI-driven boost in the company's cloud computing growth. Multiple companies — including Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) — have all announced an increase in AI spending in a bid for dominance in tech. Yahoo Finance Tech Editor Dan Howley joins Catalysts to break down Amazon's part in the AI-fueled competition. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
US stocks (^DJI, ^IXIC, ^GSPC) saw their worst monthly performance of this year in April ahead of the Federal Reserve's next interest rate policy decision on Wednesday afternoon. The market is under pressure this morning as equities search for clarity in the Fed's messaging for future FOMC meetings. Amazon (AMZN) posted stellar first-quarter earnings results boosted by its AI and AWS cloud segments. Lastly, Starbucks (SBUX) stock tumbles in Wednesday pre-market trading after the coffee chain missed first-quarter earnings estimates and revealed declining same-store sales figures. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.