AI Generated Content

This may include content generated using AI tools. Glance teams are making active and commercially reasonable efforts to moderate all AI generated content. Glance moderation processes are improving however our processes are carried out on a best-effort basis and may not be exhaustive in nature. Glance encourage our users to consume the content judiciously and rely on their own research for accuracy of facts. Glance maintains that all AI generated content here is for entertainment purposes only.

Rapid Read    •   5 min read

Oppenheimer Lowers Amazon Price Target Amid Capacity Issues, AI Growth Remains Strong

WHAT'S THE STORY?

What's Happening?

Oppenheimer analyst Jason Helfstein has reduced Amazon's price target to $245 due to capacity issues, while maintaining an 'Outperform' rating. Despite challenges, Amazon Web Services (AWS) continues to see triple-digit growth in AI revenue. CEO Andy Jassy remains optimistic about resolving capacity constraints and highlights AI as a major technological transformation.

Why It's Important?

Amazon's capacity issues reflect broader challenges in the tech industry, impacting its ability to compete with rivals like Microsoft. However, AWS's strong AI revenue growth positions Amazon as a key player in the AI market. The company's focus on resolving capacity constraints and expanding AI capabilities could drive long-term growth and investor confidence.
AD

AI Generated Content

AD
More Stories You Might Enjoy

A father in Gaza searches for his family's bones in the rubble of their home

Mahmoud Hammad sifts through the rubble of his Gaza home, destroyed by an Israeli airstrike over two years ago

Story by AP News
AD

Argentina's monthly inflation ticks up as Milei faces backlash over an outdated index

Inflation in crisis-prone Argentina accelerated more than expected and for a fifth straight month in January

Story by AP News

Attorney General Bondi will face questions from lawmakers as fallout over Epstein files continues

Attorney General Pam Bondi is set to face questions from lawmakers over the Justice Department’s handling of files related to Jeffrey Epstein that ...

Story by AP News

Letters from a WWII soldier to his sweetheart offer an intimate picture of love during wartime

A trove of more than 200 letters from World War II that were found in a Tennessee home offers an intimate picture of love during wartime. Ray Whitt...

Story by AP News
AD

Australia's Domino's Pizza brings in McDonald’s veteran Gregory as new CEO

By Sameer Manekar and Rajasik Mukherjee Feb 11 (Reuters) - Domino's Pizza Enterprises has tapped former McDonald's executive Andrew Gregory as its ...

Story by Reuters

Analysis-For Swatch, the clock is ticking on strategy overhaul

By Alessandro Parodi and Bernadette Hogg Feb 11 (Reuters) - Swatch needs to revive innovation, slim its brand portfolio and overhaul governance if ...

Story by Reuters

US job growth likely picked up in January; unemployment rate forecast steady at 4.4%

By Lucia Mutikani WASHINGTON, Feb 11 (Reuters) - U.S. job growth likely picked up in January, supported by fewer layoffs in some seasonal industrie...

Story by Reuters
AD

Pacers' Aaron Nesmith Cleared to Play Against Knicks After Hand Injury

Pacers' Aaron Nesmith Cleared to Play Against Knicks After Hand Injury

Story by Trendline

Ryan Rollins Delivers Balanced Performance Despite Bucks' Loss to Orlando

Ryan Rollins Delivers Balanced Performance Despite Bucks' Loss to Orlando

Story by Trendline

Josef Fares Teases New Hazelight Studios Game with Potential Three-Player Feature

Josef Fares Teases New Hazelight Studios Game with Potential Three-Player Feature

Story by Trendline
AD