Amazon's (AMZN) iRobot acquisition to face EU antitrust investigation - Reuters

Amazon's (AMZN) AWS 'still well-positioned' to drive adoption through AI age, says Morgan Stanley

June 22, 2023 12:09 PM EDT

Morgan Stanley's Brian Nowak told investors in a note Thursday that Amazon (NASDAQ: AMZN) Web Services (AWS) is still well-positioned to drive public cloud adoption through the AI age.

"We see AWS' full AI tech stack, open source integration, and (importantly) 10+ year focus on... More

Amazon's iRobot deal faces EU antitrust investigation, sources say

June 22, 2023 10:17 AM EDT

By Foo Yun Chee

BRUSSELS (Reuters) - Amazon's $1.7 billion acquisition of robot vacuum cleaner maker iRobot faces a full-scale EU antitrust investigation, people familiar with the matter said, weeks after the U.S. online retail giant won UK approval for the deal.

Amazon announced the takeover in August last year to expand its portfolio of smart devices, which include the Alexa voice assistant, smart thermostats, security devices and wall-mounted smart... More

iRobot (IRBT) lower as Reuters reports EU antitrust regulators expected to open a full-scale investigation into Amazon's (AMZN) purchase

June 22, 2023 10:13 AM EDT

(Updated - June 22, 2023 10:15 AM EDT)

iRobot Corp. (NASDAQ: IRBT) lower as Reuters reports EU antitrust regulators expected to open a full-scale investigation into Amazon's (NASDAQ: AMZN) purchase.

The European Commission is scheduled to finish its initial scrutiny of the deal on July 6.IRBT shares down 7%... More

Amazon (AMZN) Outperforms Nasdaq, Up 2.4%

June 22, 2023 9:50 AM EDT

Amazon (NASDAQ: AMZN) Outperforms Nasdaq, Up 2.4%

... More

Wells Fargo tactically positive on Amazon (AMZN) and Microsoft (MSFT)

June 22, 2023 8:30 AM EDT

Wells Fargo analyst Michael Turrin said the firm is tactically positive on Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) in a note Thursday due to a potential re-acceleration in cloud growth ahead.

However, in... More

Why AWS is (Still) Well Positioned To Drive Public Cloud Adoption Through the AI Age - MS

June 22, 2023 8:26 AM EDT

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating and $150.00 price target on Amazon.com (NASDAQ: AMZN).

"We see AWS' full AI tech stack, open source integration, and (importantly) 10+ year focus on industry-specific innovation positioning it well to drive forward AI-based public cloud... More

Tesla, Darden Restaurants, Accenture fall premarket; Root rises

June 22, 2023 8:23 AM EDT

Investing.com -- Stocks in focus in premarket trade on Thursday, June 22nd. Please refresh for updates.

Amazon (NASDAQ: AMZN) stock rose 0.2% even after the U.S. FTC accused the online... More

Amazon.com (AMZN) PT Raised to $180 at Loop Capital

June 22, 2023 7:57 AM EDT

Loop Capital analyst Rob Sanderson raised the price target on Amazon.com (NASDAQ: AMZN) to $180.00 (from $140.00) while maintaining a Buy rating.... More