Amazon.com Stock News

CNBC's Jim Cramer said Wednesday that a select group of technology stocks are less vulnerable to economic pressures. He identified Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, Tesla, SpaceX, Anthropic and OpenAI as companies that fit that description.

AI spending is the key focus as Amazon's third-quarter earnings come due.

Amazon is due to report earnings Thursday afternoon, with traders expecting a big move from the e-commerce and cloud giant's stock.

Amazon reports third-quarter earnings Thursday with more demand for its AWS cloud services than it can supply, after CEO Andy Jassy said capacity is booked for this year and most of next.

Amazon cut about 250 jobs ​on Wednesday in its devices and ‌services unit after weeks of product rollouts including new Kindle e-readers and tablet computers.

Amazon unveiled five new Alexa devices today, including two new kinds of hardware: the Alexa Photo Frame, a smart picture frame, and the Echo Time, a smart alarm clock.

CNBC calculated the rolling 60-day correlation of daily returns for each of the 21 unique pairs among the Magnificent Seven.

Amazon on Wednesday unveiled five new Alexa-powered devices including a redesigned Echo Show 16 ​smart display and a photo frame with ‌built-in Alexa, as it pushes its latest version of the voice assistant into customers' homes.