Amazon.com Stock News

Shares of tech giant Amazon.com Inc. NASDAQ: AMZN closed just under $230 on Monday, a level that neatly captures the tension surrounding the stock right now.

Expedia, Yelp, Angi, and Square are building agentic artificial intelligence (AI) capabilities for Amazon's Alexa+. The new integrations are set to debut on the virtual assistant device next year, Amazon wrote on its blog Tuesday (Dec. 23).

Amazon-owned Zoox issued a recall Tuesday over concerns its autonomous driving system caused vehicles to cross over the center lane line near intersections or block crosswalks. The voluntary recall of its software affected 332 vehicles, according to documents filed with the National Highway Traffic Safety Administration.

Amazon (NASDAQ:AMZN) has been a quiet laggard in the Magnificent Seven this year after gaining just over 3% year to date.

Amazon runs the biggest e-commerce site in the U.S. -- by far, the most dominant one in the sector. The tech giant also operates the globe's biggest cloud computing operation, Amazon Web Services.

AI stocks have soared amid excitement about the technology's potential. But in recent times, investors have started to worry about how long this momentum will last.

Amazon's self-driving unit Zoox is recalling 332 vehicles in the U.S. over an Automated Driving Systems software error that may cause the vehicles to cross or stop in front of oncoming traffic, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Tuesday.

Alphabet's Google Quantum AI is addressing nearly every aspect of superconducting quantum computing. Amazon's Ocelet chip holds the potential to dramatically reduce the cost of quantum error correction.