Amazon (AMZN 1.32%) has become a favorite on Wall Street this year, with the stock up 64% since January 1. The company has rallied investors with a growing push into artificial intelligence (AI) and a gradual recovery in its e-commerce segments after last year’s economic downturn. The tech giant’s market capitalization of $1.4 trillion makes… Read More »
Twilio (TWLO 2.23%) issued its second quarter report on August 8. The cloud-based communications platform provider’s revenue rose 10% year over year to $1.04 billion, beating analysts’ estimates by $53 million. Its adjusted earnings per share at $0.54 cleared the consensus forecast by $0.24 and improved from its adjusted loss of $0.11 a year ago.… Read More »
Some stocks in the technology sector disappointed investors with their second-quarter earnings and saw their stock prices plunge. Other tech companies are proving they can navigate this tough economic environment and shatter all expectations. Duolingo (NEAR -1.54%) falls under the latter category. It just delivered a blockbuster quarterly result that beat estimates, and it also… Read More »
Businesses large and small are looking for ways to rein in costs as a tough economy creates uncertainty. An easy target for these cost savings is cloud computing. The mega-cloud platforms like Amazon Web Services (AWS) and Microsoft Azure has already suffered a sharp slowdown as customers optimize consumption. AWS grew 12% year-over-year in the… Read More »
Ali Baba‘s (BABA -3.52%) stock has been under significant pressure recently due to its lack of growth over the past two years and the scrutiny it has received from the Chinese government. In response, the management team has split the conglomerate into six independent units, each charting its own path forward. The first business unit… Read More »