Amazon cloud unit beats on revenue and profit as parent company ramps up AI spending
Amazon is investing heavily to capitalize on artificial intelligence opportunities in the cloud.
White House launches direct-to-consumer drug site TrumpRx. Here’s what to know
It’s still unclear if all patients, particularly those with insurance coverage, will see more cost savings from using that site to buy their medicines.
Paul Weiss Chairman Brad Karp resigns after Jeffrey Epstein email disclosures
The Department of Justice last week released millions of documents related to the notorious sex offender Jeffrey Epstein.
Software experiencing ‘most exciting moment’ as AI fears hammer the stocks
Shares of software companies have been getting beaten up, and the selloff accelerated this week after Anthropic’s latest unveiling.
Trump says he’ll stay out of Netflix, Paramount Skydance fight to take over WBD
Trump in December said he would be involved in the review of whether Netflix should be allowed to buy parts of Warner Bros. Discover, as WBD leadership wants.
Ciena returns to S&P 500 after getting booted 17 years ago
Ciena is predicting the fastest growth since 2011 in the current fiscal year, thanks to its position in artificial intelligence.
Snap shares rise on fourth-quarter earnings that beat on sales
Snap on Wednesday released fourth-quarter earnings that beat on sales but missed on revenue guidance.
Qualcomm stock sinks as memory shortage drags on forecast
“We’re starting to see that memory is going to define the size of the mobile market,” Qualcomm CEO Cristiano Amon said in an interview.
Broadcom, Nvidia shares rise on surging Google capital expenditures for AI
Much of Google’s AI software doesn’t run on industry-standard Nvidia chips, but instead on its own tensor processing units. Broadcom helps Google make its TPUs.
Amazon CEO Andy Jassy picks marketplace exec to be his new ‘shadow’ advisor
Jassy was Jeff Bezos’ shadow in the early 2000s before going on to lead Amazon Web Services.
