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The companies announced an initial $1.25 billion investment in September, and said at the time that Amazon would invest up to $4 billion. The deal was struck at the AI startup's last valuation, which was $18.4 billion, according to a source. Over the past year, Anthropic closed five different funding deals worth about $7.3 billion — and with the new Amazon investment, the total exceeds $10 billion. News of the Amazon investment comes weeks after Anthropic debuted Claude 3, its newest suite of AI models that it says are its fastest and most powerful yet. But multimodality, and increasingly complex AI models, also lead to more potential risks.

Persons: Claude, Anthropic, OpenAI's, what's, Swami Sivasubramanian, OpenAI's ChatGPT, OpenAI, Microsoft's OpenAI, Anthropic's Claude, Daniela Amodei, We've, Tesla, Brendan Burke, Bill Gurley, Gurley, Microsoft's, Lina Khan Organizations: Amazon, Google, CNBC, Fortune, Nvidia, Microsoft, Apple, U.S . Federal Trade Commission Locations: San Francisco, Anthropic, OpenAI

☆ Citi says buying chip stocks ahead of their AI presentations is a winning trade and this name is next
▼ + stars: | 2024-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

If recent history is any guide, snatching up shares of Marvell Technology (MRVL) ahead of its upcoming AI presentation could potentially pay off for investors, according to Citi. Given this setup, analyst Atif Malik opened a positive catalyst watch on the semiconductor stock ahead of its April 11 event, with its $91 price target implying 33% upside from Tuesday's close. MRVL YTD mountain Marvell shares in 2024 Nvidia, Broadcom and AMD "moved up into their respective AI days and the setup appears similar for MRVL after the recent pullback," he wrote. While Marvell shares have underperformed in recent weeks following a weak current-quarter guide, Malik noted that shares trade at an 18% valuation discount to many AI peers. The stock is down about 5% in march but up more than 13% on the year.

Persons: Atif Malik, Malik, Marvell Organizations: Marvell Technology, Citi, Marvell, Nvidia, Broadcom, AMD, Amazon Web, Fiber Communication Locations: California

☆ Nvidia has a parade of partners, but these two stocks are my favorite beneficiaries
▼ + stars: | 2024-03-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +23 min

That's what Nvidia needed semiconductor design firm Synopsys to do to make this next generation of chips. Right now, Nvidia has had not one, but two different breakthroughs: Accelerated computing at a ridiculously fast speed and generative artificial intelligence. I think Jensen regards Dell as a crucial partner when it comes to installing Nvidia's systems anywhere. Do I think Nvidia would like to do more business with Apple? I think Nvidia would like to do more business with everyone, including alleged opponent Intel .

Persons: Abraham Lincoln, David Herbert Donald, Jensen, It's, Jensen Huang, Lincoln, Leonardo da Vinci, da Vinci, he's, Blackwell, Grace Hooper Superchip, –, Moby Dick –, that's, they've, Adam Selipsky, Jensen laughingly, Claude, Anthropic, Dell, Michael Dell, Jensen's, it's, dink, I'm, Johnson, J, Abbott, Reckitt Benckiser, we've, CrowdStrike, ServiceNow, Bill McDermott, Tesla, Elon Musk, Lora Kolodny, That's, Frank Slootman, Ansys, Synopsys, isn't, Sundar Pichai, Satya Nadella, Larry Ellison, Nvidia's Blackwell, Mark Zuckerberg, Jim, Tim Cook, Cook, Apple, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Lincoln, GTC, Nvidia, GTC –, CNBC, Amazon, Microsoft, Google, Dell Technologies, Club, Dell, Siemens, Rockwell Automation, Cadence Design Systems, Nvidia's, Johnson, Abbott Laboratories, GE Healthcare, cybersecurity, Palo Alto, Palo, Snowflake, AMD, Autodesk, Cadence, Computer, Oracle, Apple, Justice Department, Intel, Vision, Jim Cramer's Charitable, SAP Center, AFP, Getty Locations: U.S, Silicon Valley, Lincoln, Here's, Palo Alto, Pittsburgh, Switzerland, San Jose , California

A different kind of battle for Third PointA small computer chip design company, R2 Semiconductor, has been notching wins in a potentially big patent fight against Intel over the past few months — a dispute that could force Intel to stop selling several chip lines in Europe. The context: R2 sued Intel, as well as two customers, Hewlett Packard Enterprise and Dell, in Germany, alleging that the chipmaker had infringed on a patent dealing with voltage regulation in semiconductors. A regional court in February issued injunctions against the sale of at least some Intel chips. And on March 8, a higher court rejected Intel’s effort to halt the decision. Meanwhile, a trial in Britain over the patent is set to begin next month.

Persons: DealBook, Dan, haven’t Organizations: R2 Semiconductor, Intel, Amazon Web Services, Fujitsu, Hewlett Packard Enterprise, Dell Locations: Europe, Germany, Britain

☆ AI could boost these stocks with customer support needs, Barclays says
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

One of the leading emerging use cases for artificial intelligence could be automating customer support requests, according to Barclays. At a time when some investors are beginning to doubt the AI momentum, some companies are now experimenting with AI for customer support and consumer-facing features. These support levels involve escalations from solving simple customer service problems, and can entail trouble-shooting with support technicians and the involvement of engineers, if needed. Lyft stands to be the biggest beneficiary of AI automating customer support requests, assuming that it can move just over a third of its Level 2 and 3 human-based customer service requests to AI. To be sure, it's still early days for companies that could benefit from deploying AI as part of their customer support, Barclays found.

Persons: Ross Sandler, Klarna, Sandler, GoDaddy, Roblox's, it's, We've Organizations: Barclays, Web Services, Google, FactSet

☆ How NWSL Commissioner Jessica Berman led the league out of crisis to revive women's soccer
▼ + stars: | 2024-03-11 | by ( Jessica Golden | ) www.cnbc.com time to read: +5 min

Jessica Berman, commissioner of the National Women’s Soccer League, speaks during a panel on women's professional soccer at the Hilton Anatole in Dallas on Feb. 10, 2024. In 2019, Berman became the first female deputy commissioner of a men's professional sports league, joining the National Lacrosse League. Taking the fieldBerman took the helm at the women's soccer league after allegations were made of emotional abuse and sexual misconduct across several teams. She also brought the first-ever million-dollar prize pool to U.S. women's soccer. She's also lured big-name investors, selling them on her new vision for professional women's soccer.

Persons: Jessica Berman, Omar Vega, Berman, Gary Bettman, Sally Yates, Yates, She's, lister Natalie Portman, Serena Williams, Naomi Osaka, Patrick Mahomes, Eli Manning, Kevin Durant, Carli Lloyd, Sofia Huerta, Delanie Sheehan, Ben Nichols, Sportico Organizations: National Women’s Soccer League, Hilton Anatole, Getty, New, National Women's Soccer League, CNBC, National Hockey League, NHL, National Lacrosse League, U.S, Chicago Red Stars, Portland Thorns, Hollywood, Seattle, NY Gotham FC, Women's Soccer League, Snapdragon, Amazon, Angel City FC Locations: Dallas, New York City, NJ, San Diego, Angeles

☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

☆ Google fires employee who protested Israel tech event, as internal dissent mounts
▼ + stars: | 2024-03-08 | by ( Jennifer Elias | ) www.cnbc.com time to read: +6 min

Ahead of an International Women's Day Summit in Silicon Valley on Thursday, Google's employee message board was hit with an influx of staffer comments about the company's military contracts with Israel. The event on Monday in New York featured an address from Barak Regev, managing director of Google Israel. A Google spokesperson said the employee was fired for "interfering with an official company-sponsored event" in an email to CNBC on Thursday. Unfortunately, before the event a series of off-topic and divisive questions and comments were posted to internal forums. WATCH: Google vs. Google

Persons: “, Sundar Pichai, Barak Regev, Regev, Boycotters, Dory, Gemini, Mai Ubeid, Ubeid, didn't Organizations: Google, CNBC, Israel, Defense Department, Amazon Web Services, Hamas, Palestinian enclave's Health Ministry, Tech, Google Israel, Starbucks, Workers United Locations: New York, Israel, Gaza, Silicon Valley, U.S, France

☆ Salesforce announces new AI tools for doctors
▼ + stars: | 2024-03-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Salesforce on Thursday announced new data and artificial intelligence solutions for health-care workers that could help lessen their burdensome administrative workloads. The first tool is called Einstein Copilot: Health Actions, and it will allow doctors to book appointments, summarize patient information and send referrals by prompting AI with conversational language, according to a release. Salesforce said doctors can use Einstein Copilot: Health Actions to generate a patient summary that includes details like patients' medications, clinical service requests, diagnoses and tests. Salesforce said its Assessment Generation tool will be generally available this summer, and Einstein Copilot: Health Actions will be available for use at the end of the year. All Einstein Copilot features and functionalities are also expected to comply with HIPAA regulations as of this summer, the company added.

Persons: Einstein, Salesforce Organizations: Labor, Google, Amazon Web Services, CNBC PRO Locations: Athenahealth

☆ Tech insiders are cashing out during the AI-fueled stock rally
▼ + stars: | 2024-03-06 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Nvidia Nvidia is the leader of the pack with shares surging more than 70% year to date, following a nearly 240% advance last year. A number of directors at the company sold shares in late February amid the fierce rally. NVDA 1Y mountain Nvidia Nvidia has been the primary beneficiary of the recent technology industry obsession with large artificial intelligence models, which are developed on the company's pricey graphics processors for servers. Meta Platforms Meta CEO Mark Zuckerberg trimmed his stake in separate sales over the past week. Satya Nadella (CEO) sold 1,300 shares on March 1 Bradford L. Smith (vice chair and president) sold 48,300 shares in early February.

Persons: Mark Stevens, Michael McCaffery, Mark Perry, Harvey Jones, Mark Zuckerberg, Zuckerberg, Meta's, Sherman Tuan, George Kao, Don Clegg, Lisa Su, Darla M, Smith, Mark Papermaster, Satya Nadella Organizations: Nvidia, Nvidia Nvidia, Microsoft, Whirlpool, AMD, Microsoft Microsoft, Bradford, Amazon Web Services

What makes these stocks so formidable is the way they are "constantly reinventing themselves," Jeff Marks, the Club's director of portfolio analysis, said alongside Jim on stage. The Club portfolio, which consists of 32 stocks and cash, has nearly a 22% weighting in the Super Six. Let's consider how to allocate a hypothetical portfolio consisting of 12 stocks and 10% cash. Understanding how the stocks are linked creates an opportunity to build a well-rounded portfolio that balances risk and future returns. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, … I'm, Jim, Jeff Marks, Let's, Eli Lilly, Linde, –, Tim Cook, we're, it's, Jim Cramer's Organizations: Apple, Microsoft, Meta, Nvidia, Tesla, Palo Alto Networks, Costco, Linde, Google, Facebook, Amazon Web Services, Super, Jim Cramer's Charitable, CNBC Locations: Palo, Amazon, lockstep

☆ Salesforce shares slip after the company calls for single-digit full-year revenue growth
▼ + stars: | 2024-02-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Salesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for the new fiscal year. Here's how the company did, compared with estimates from LSEG:Earnings per share: $2.29, adjusted, vs. $2.26 expected$2.29, adjusted, vs. $2.26 expected Revenue: $9.29 billion, vs. $9.22 billion expectedSalesforce's revenue grew 10.8% year over year in the quarter, which ended on Jan. 31, according to a statement. Salesforce called for adjusted fiscal first-quarter earnings of $2.37 to $2.39 per share, with $9.12 billion to $9.17 billion in revenue. Analysts polled by LSEG had been expecting $2.20 in adjusted earnings per share on $9.15 billion in revenue. For the new 2025 fiscal year, Salesforce said it sees adjusted earnings of $9.68 to $9.76 per share and $37.7 billion to $38.0 billion in revenue.

Persons: Marc Benioff, Salesforce, LSEG Organizations: Salesforce, Economic, Amazon Web Services Locations: Davos, Switzerland

☆ Cramer gives the portfolio's core holdings a makeover — 4 are booted, 6 are added including a trio of tech giants
▼ + stars: | 2024-02-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +12 min

COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.

Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City

☆ Here’s why a SCOTUS ruling on social media rules matters to so many people
▼ + stars: | 2024-02-27 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

It’s obvious enough that the legislation would affect those social media giants, who are challenging the laws’ constitutionality through industry trade associations. But in scrutinizing the laws’ scope and First Amendment impacts, justices from both sides of the ideological spectrum worried Monday that the legislation’s effects could spill far beyond major social media platforms. “We’re talking about the classic social media platforms, but it looks to me like it could cover Uber. Social media applications are seen on an iPhone in this photo illustration taken on 10 November, 2023 in Warsaw, Poland. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-Reynolds/AFP/Getty ImagesThat law permits social media users to try to sue platforms for violations.

Persons: CNN — Uber, —, Henry Whitaker, “, ”, Amy Coney Barrett, Sonia Sotomayor, Whitaker, Jaap Arriens, ” Whitaker, Sotomayor, Ketanji Brown Jackson, “ I’m, ” Jackson, Uber, Aaron Nielson, Barrett, ” Sotomayor, ” Nielson, ” Chris Marchese, ANDREW CABALLERO, REYNOLDS, Andrew Caballero, Reynolds, Neilson, ” Barrett, you’ve, Elena Kagan, you’re, Kagan Organizations: CNN, Facebook, YouTube, Web, LinkedIn, NetChoice Litigation, AFP, Getty, Texans, PayPal Locations: Texas, Florida, Warsaw, Poland, ” Texas, ”, Washington , DC, AFP, El Paso

☆ Highmark Health says it's combining tech from Google and Epic to give doctors easier access to information
▼ + stars: | 2024-02-26 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Highmark Health announced Monday that it's integrating technology from Google Cloud and the health-care software company Epic Systems to try to improve data gathering for providers and payers. Highmark, headquartered in Pittsburgh, is the parent company of a health plan with 7 million members, a provider network of 14 hospitals and several other entities. "Doctors don't need help once they have information; the problem is they don't have it," Farah told CNBC in an interview. Highmark said its new integration will also help it aggregate clinical data from its hospitals that representatives from its health plan need to access. The technology can automatically notify the health plan about upcoming patient visits, for instance.

Persons: Highmark, Dr, Tony Farah, Farah, Richard Clarke, Clarke, Amy Waldron, It's Organizations: Highmark Health, Google, Systems, Consumer, Microsoft, Amazon Web Services, American Medical Association, Care, Community Health, CNBC, Health Locations: U.S, Pittsburgh

☆ Supreme Court hears landmark cases that could upend what we see on social media
▼ + stars: | 2024-02-26 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

More than a dozen Republican attorneys general have argued to the court that social media should be treated like traditional utilities such as the landline telephone network. The tech industry, meanwhile, argues that social media companies have First Amendment rights to make editorial decisions about what to show. Whitaker said Florida’s law is limited by its definition of social media companies, which focuses on large platforms. “We’re talking about the classic social media platforms, but it looks to me like it could cover Uber. Whitaker said social media platforms had opaque algorithms that prevent users from fully understanding how content curation happens.

Persons: “, Blair Levin, ” Levin, Henry Whitaker, Sonia Sotomayor, Sotomayor, Whitaker, Ketanji Brown Jackson, Amy Coney Barrett, ” Barrett, Barrett, Brett Kavanaugh zeroed, Kavanaugh Organizations: Washington CNN, Facebook, YouTube, New, Research, LinkedIn, Web Locations: Texas, Florida

☆ Amazon Prime Video’s ad tier has potential to deliver a one-two punch: better shows and more profits
▼ + stars: | 2024-02-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Just weeks after Amazon cut hundreds of jobs across its Prime Video and MGM Studios divisions, the advertisements officially arrived on Prime Video on Jan. 29. This gives Amazon first-hand customer data from Prime members it can leverage for advertisers who want to show ads during Prime Video shows. "While still early days, streaming TV advertising continues to grow quickly," Jassy said on the fourth-quarter earnings call. Additionally, the potential audience for Prime Video is huge – the company has said it has more than 200 million Prime subscribers. Prime Video keeps putting out new movies and shows like the popular "Lord of the Rings", "Reacher", "Mr. & Mrs. Smith", and "Citadel".

Persons: There's, Andy Jassy, —, Jassy, Brian Olsavsky, Cowen, TD Cowen, Canaves, Smith, Peacock, Jim Cramer's, Jim Cramer, Jim Organizations: MGM Studios, Netflix, Disney, Amazon, Amazon Web Services, Walmart, Kroger, Insider Intelligence, Prime, Paramount Global, Walmart –, TV, U.S, Intelligence, National Football League, Football, Nielsen, QR, NFL, Comcast, Miami Dolphins, Kansas City Chiefs, Chiefs, San Francisco 49ers, Super, Paramount, CNBC

☆ How Nvidia's AI strengths are enhancing the businesses of Alphabet, Microsoft, Meta, Amazon
▼ + stars: | 2024-02-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

There are "major companies and verticals that have not even considered the H100" yet, he added, referring to Nvidia's AI must-have GPU. A few weeks ago, we combed through the latest earnings reports from Google-parent Alphabet, Microsoft, Meta Platforms and Amazon to see how their AI spending plans are benefitting Nvidia. After Wednesday evening's killer quarterly release, Nvidia talked about how it is helping the businesses of fellow Club names Google, Microsoft, Meta and Amazon. Alphabet continues to heavily invest in AI applications to improve the performance of its services including Google DeepMind, Google Services, Gemini, and Google Cloud. "Nvidia DGX Cloud will expand its list of partners to include Amazon's AWS, joining Microsoft Azure, Google Cloud and Oracle Cloud.

Persons: Jim Cramer, Jim, Jensen Huang, Colette Kress, Kress, Mark Zuckerberg, we've, Gemma, Satya Nadella, Copilot, Jim Cramer's, Omar Marques Organizations: Nvidia, Google, Microsoft, Meta, Companies, Nvidia H100s, Google Services, Gemini, Management, Amazon's AWS, Oracle, NVIDIA, Amazon Web Services, CNBC, Getty

☆ I quit buying from Amazon 4 years ago. I get better deals on products elsewhere but still have to use their services.
▼ + stars: | 2024-02-18 | by ( Eden Flaherty | ) www.businessinsider.com time to read: +3 min

So, as e-commerce reached a fever pitch during the pandemic, I vowed never to order from Amazon again. Buying online isn't always best for your walletThe first thing I noticed when quitting buying from Amazon was that I didn't actually need 90% of what I ordered. Abstaining from Amazon — and all the online megastores — meant I no longer made those impulse purchases, and, unsurprisingly, life went on. So, while I haven't bought anything on Amazon for almost four years, I've certainly used their services. I don't think that detracts from the positives of quitting buying from Amazon, but it does give some perspective.

Persons: I'd, I've, What's, megastores Organizations: Amazon, Amazon Web Services, Facebook Locations: Amazon

☆ Big Tech’s next key market is India. Here’s how four Club portfolio names are playing it
▼ + stars: | 2024-02-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Just days after delivering a stellar quarter, Microsoft CEO Satya Nadella was on a whirlwind speaking tour throughout India. The Indian market also represents a largely untapped market that will diversify revenue streams. Over the summer, India became Amazon's first market in Asia to launch its dedicated virtual cargo airline , dubbed Amazon Air. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Satya Nadella, Morgan Stanley, Chetan Ahya, Ahya, Bernstein, Nadella, Zev Fima, Fima, Tim Cook, Amazon, Sundar Pichai, Jim Cramer's, Jim Cramer, Jim Organizations: Microsoft, Apple, country's Ministry, Skill Development, Entrepreneurship, Club, Foxconn Technology, Media, Amazon, Walmart, Web Services, Google, CNBC Locations: India, Mumbai, Bengaluru, New Delhi, China, Asia, United States, Chennai, Puna, Hyderabad, Tamil Nadu, India's, Gujarat

Amazon Business Prime Card OverviewThe Amazon Business Prime Card is ideal for business owners who frequently make Amazon or Whole Foods purchases and already have a Business Prime membership. Amazon Business Prime Card RewardsWelcome OfferNew Amazon Business Prime Card cardholders receive a $125 Amazon Gift Card upon approval, equivalent to the 5% rewards you'd earn from spending $2,500 in eligible Amazon purchases. Amazon Business Prime Card Benefits and FeaturesThe Amazon Business Prime Card includes a number of tools designed to simplify small business management. Amazon Business Prime Card Annual Fee and Other CostsThe Amazon Business Prime Card card doesn't have an annual fee, but you need a personal or business Amazon Prime membership to be approved. When looking at the Amazon Business Prime Card, we considered several criteria including:Rewards — The Amazon Business Prime Card earns 5% back on eligible Amazon Purchases.

Persons: cardholders, Amex, You'll, Finance Insider's, it's Organizations: Business, Amazon, Prime, Amazon Business, Foods, Business Prime American Express, Amazon Business Prime Card, Amazon Business American, Business Prime Card, Web Services, Amazon Business Prime, American, QuickBooks, Business Prime, Finance, Chase, Amazon Prime

☆ Amazon, Microsoft, and Google say cloud cost-cutting is waning. Customers say cost controls are still a major barrier.
▼ + stars: | 2024-02-14 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

The major cloud service providers are saying their customers are winding down last year's optimization efforts. While the optimization outlook from the cloud service providers is rosy, it doesn't quite match what customers are reporting. Google Cloud revenue grew 26% year-over-year, up from the quarter before. Customers and cloud companies tell a different storyExecutives at all three major cloud companies said that the impact of cloud cost-cutting was behind them. 35% reported cloud cost overruns in the last 12 months, nearly half of which were over $100,000 or $500,000.

Persons: Brian Olsavsky, Satya Nadella, Sundar Pichai, Bryan Woodworth, Woodworth, Olsavsky, Pichai, David Linthicum, Linthicum, Ellen Thomas Organizations: Microsoft, Google, Business, Amazon Web Services, Companies Locations: ethomas@insider.com

☆ Here are 10 undervalued stocks in our portfolio despite some of them around record highs
▼ + stars: | 2024-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

The PEG ratio, another valuation tool, starts with the price-to-earnings ratio and divides the P/E by estimated earnings growth. A good PEG ratio is 1 or lower. There is a major consideration when analyzing five-year valuation average comparisons: interest rates. The company's P/E ratio of 21.5 times is about 20% cheaper than peers and below its historical average of 29.6. Honeywell Price-to-earnings ratio (P/E): 19.4 P/E vs. peers: 10% cheaper P/E-to-growth ratio (PEG): 2.3 We like how Honeywell 's stock is valued post-earnings .

Persons: Bard, it's, Pacifico, Jim Cramer, Disney Price, Nelson Peltz, Jim, Peltz, Bob Iger, Honeywell Price, Nvidia Price, Nvidia's, Salesforce Price, we're, Wells Fargo, Charlie Scharf, Wynn, WYNN, Jim Cramer's, NVDA, New York Stock Exchange Michael Nagle Organizations: Apple, Microsoft, Meta, Nvidia, Google, Gemini, Amazon, Services, Constellation Brands, Modelo, Beer, Constellation, . Management, Disney, Management, Honeywell, Aerospace, Productivity Solutions, Starbucks, Wells, Silicon Valley Bank, Wynn Resorts EV, Wynn Resorts, Boston, WYNN, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: FactSet, Corona, China, Israel, Wells Fargo Price, Wells Fargo, Silicon, Macao, Las Vegas

☆ Microsoft's AI growth is helping its cloud business weaken Amazon's lead
▼ + stars: | 2024-02-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. While Microsoft doesn't disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five years ago it was half as big as AWS. In total, revenue at Azure increased 30% in the quarter, compared with 13% year-over-year growth at AWS. Microsoft has been adding graphics processing units (GPUs) to its data centers so that clients can run AI models in Azure. "We now have 53,000 Azure AI customers," CEO Satya Nadella told analysts on the company's earnings call.

Persons: Satya Nadella, Amy Hood, Microsoft's, OpenAI's ChatGPT, Jamin Ball, Andy Jassy Organizations: Economic, Amazon, Services, Microsoft, OpenAI, GPT, AWS Locations: Davos, Switzerland, Anthropic

☆ Forcing workers back to the office is 'dinosaur management' — and companies risk losing out, expert says
▼ + stars: | 2024-02-11 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

After the first rounds of return-to-office mandates in 2023, many companies are now introducing more punitive measures to make their employees come to the office — actively tracking attendance, micromanaging employees' time, and blocking remote workers from bonuses and career progression. AdvertisementThis week, Dell informed staff that most of its workers will have to come into the office an average of three days a week. Mike Blake/ReutersIn November, Amazon also added a no-promotions policy for perennial remote workers. For example, women — who tend to take on more responsibility for the family and therefore benefit more from flexible remote work policies — will take a bigger hit from punitive policies, Cooper said. The Equal Employment Opportunity Commission recorded a 16% increase in mental health disability complaints between 2021 and 2022 from employees who want remote work allowances, The Hill reported.

Persons: —, weren't, Dell, Andy Jassy, Mike Blake, Young, Cary Cooper, Cooper, Justin Garrison Organizations: Service, Forbes, Business, Citibank, BI, Amazon, Reuters, Google, Ernst, University of Manchester, Dell, Amazon Web Services, Tata Consultancy Services, Gallup, Employment, Commission Locations: London, United States

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