Amazon Web Services

The big three cloud vendors outperformed the Big Techs this reporting season. Here's a look at how their cloud businesses fared in the quarter. Cloud Spending Buoyant In Q4: Worldwide cloud infrastructure services spending topped $50 billion in a quarter for the first time in the...

Amazon.com Inc (NASDAQ: AMZN) shares popped more than 15% after reporting fourth quarter and fiscal year financial results after market close Thursday. Here are the key takeaways for investors. What Happened: Amazon reported fourth-quarter net sales of $137.4 billion, up 9% year over year...

Amazon.Com Inc (NASDAQ: AMZN)'s Amazon Web Services (AWS) is revealing the cause of an outage that took down parts of its own services, along with third-party websites and online platforms that utilize AWS on Dec. 7. What Happened: In a post on the AWS website, the company explains that an...

Real-world problem solvers are highlighted in the inaugural “Next Big Things In Tech” list by Fast Company. The list included 65 honorees from big companies to start-ups. The names on the list were picked by 14 editors and writers at the magazine. “Technology is the backbone of...

Amazon.com Inc's (NASDAQ: AMZN) subsidiary Amazon Web Services has launched a new service targeted at the automotive sector named Fleetwise.  What Happened: At the annual re: Invent conference, AWS announced that its IoT product Fleetwise would allow automakers to collect, store...

A recent move by Amazon Inc. (NASDAQ: AMZN) suggests that its cloud computing unit — Amazon Web Services — may soon adopt cryptocurrencies. What Happened: Amazon is looking for an employee tasked with encouraging senior staff at financial institutions to consider adopting...

Apple Inc (NASDAQ: AAPL) is set to create a program focused on making security improvements across its technology supply chains as the iPhone maker and fellow tech giants double down on cybersecurity, CNBC reported Wednesday. What Happened: The increased commitment of tech giants comes after they...

Amazon.com Inc (NASDAQ: AMZN)’s top cloud executive and company veteran Charlie Bell is leaving the company, CNBC reported on Monday, noting that the tech giant confirmed the shakeup. What Happened: Bell’s departure comes a month after Andy Jassy — who founded Amazon Web...

Amazon.com Inc’s (NASDAQ: AMZN) Amazon Web Services, Inc. (AWS) voiced its plans to introduce an infrastructure region in Israel in the first half of 2023. The AWS Israel (Tel Aviv) Region will enable even more developers, startups, enterprises, government, education, and non-...

Regardless of how the reopening plays out, retail e-commerce is not going away, Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, said Tuesday on CNBC's "Fast Money: Halftime Report." Retail e-commerce had a $4 trillion TAM in 2019 and is...

Amazon.com Inc (NASDAQ: AMZN) "is about to make up for its underperformance," Jim Cramer said on CNBC's "Squawk On The Street" Tuesday. Jefferies set a sum-of-the-parts target for Amazon at $5,700 on Monday. Cramer said Jefferies thinks Amazon Web Services could be...

When Amazon.com, Inc. (NASDAQ: AMZN) released its fourth-quarter earnings on Tuesday, it had another big announcement: Jeff Bezos would be stepping down as CEO, moving to the role of executive chair in the third quarter of 2021. His replacement is Andy Jassy, current CEO of...

Microsoft Corporation (NASDAQ: MSFT) likely will beat Wall Street's expectations, and the software giant's cloud computing capabilities around Azure will be a key factor in its success, a Wedbush analyst said on Sunday. What Happened: Wedbush Analyst Daniel Ives has an outperform...

Parler, the conservative alternative to Twitter Inc (NYSE: TWTR) and Facebook Inc, (NASDAQ: FB) continues to see itself cut off from major tech services. What Happened: Saturday night, Apple Inc (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN) discontinued services to Parler. Apple...