Amazon will beat earnings expectations: Citi

BofA analyzes Amazon's 11-year deal to stream NBA games on Prime Video

July 25, 2024 4:49 PM UTC

Investing.com - Amazon (NASDAQ: AMZN) announced on Thursday that Prime Video will become the exclusive streaming partner for a significant portion of NBA games starting in the 2025-26 season. The dramatic new agreement will span 11 years, marking Amazon's largest sports content agreement to date.

Key Takeaways:

NBA and Amazon have struck a deal to broadcast games on Prime Video for 11 years, starting in 2025.
Amazon emerged victorious in a competitive bidding process, highlighting its growing prowess in live sports content... More

Tech sell-off to be short lived; this is start of tech bull run: Wedbush

July 25, 2024 8:49 AM UTC

The recent tech sell-off, sparked by results from Alphabet (NASDAQ: GOOGL) and Tesla (NASDAQ: TSLA), has caused significant anxiety on Wall Street. However, Wedbush analysts are confident this downturn will be brief and see it as the beginning of a significant tech bull run driven by a massive AI capital expenditure cycle.

According to Wedbush, "We believe this tech sell-off will be short-lived as the Street better digests results and commentary from the broader... More

GE HealthCare (GEHC) and AWS (AMZN) Announce Strategic Collaboration to Accelerate Healthcare Transformation With Generative AI

July 25, 2024 8:46 AM UTC

GE HealthCare (Nasdaq: GEHC) and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (Nasdaq: AMZN), today announced a strategic collaboration to develop purpose-built foundation models and generative artificial intelligence (AI) applications designed to help clinicians improve medical diagnostics and patient care. GE HealthCare has selected AWS as its strategic cloud provider and plans to use its healthcare and generative AI services to build and implement new, versatile foundation models to transform the future of healthcare. These new generative AI-powered workflows are intended to fast-track the delivery of innovations to... More

BMO raises 2Q24 AWS growth rates to a Street high of 19%

July 25, 2024 7:43 AM UTC

BMO Capital Markets hiked its second-quarter Amazon Web Services (NASDAQ: AMZN) growth rates from 17.8% to 19%, or $26.3 billion, marking a new Street high.

Citing channel checks, analysts said AWSs Q2 growth could exceed 22%.

With greater visibility following Google results, we monitor the incremental nominal dollar difference between GCP and AWS since 2018 and are comfortable at +19%, they... More

NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billion

July 24, 2024 4:40 PM UTC

(Reuters) -Walt Disney's ESPN, Comcast-owned NBCUniversal and Amazon.com have clinched the rights to carry National Basketball Association games in an 11-year deal valued at $77 billion, the league said on Wednesday.

The NBA rejected a last-minute offer from Warner Bros Discovery's TNT Sports division, which it said fell short of Amazon's proposal, ending a four-decade relationship with the media company after next season.

A spokesman for TNT Sports could not immediately be reached for comment.

Analysts have said winning telecast rights requires a huge financial commitment considering the cost as well as the fees associated with production.

... More

NBA Entered Into a Long-term Arrangement with Amazon (AMZN)

July 24, 2024 4:23 PM UTC

(Updated - July 24, 2024 4:28 PM EDT)

NBA Entered Into a Long-term Arrangement with Amazon (NASDAQ: AMZN).

From NBA's Statement: "Warner Bros. Discoverys most recent proposal did not match the terms of Amazon Prime Videos offer and, therefore, we have entered into a long-term... More

Alphabet/Tesla, Harris leads a poll, European earnings - what's moving markets

July 24, 2024 5:12 AM UTC

Investing.com -- Wall Street looks set to open on a negative note Wednesday, with second-quarter results from tech giants Alphabet (NASDAQ: GOOGL) and Tesla underwhelming. The U.S. political situation remains volatile, while the Eurpean earnings season hits top gear  

1. Alphabet and Tesla underwhelm

Alphabet (NASDAQ: GOOG) and Tesla (NASDAQ: TSLA) have started the ball rolling, in terms of the market-leading mega caps reporting, and investors were left... More