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☆ These 10 portfolio names outperformed the stock market amid the October decline
▼ + stars: | 2023-11-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

AMZN YTD mountain Amazon (AMZN) year-to-date performance Shares of Amazon (AMZN) climbed 4.7% throughout October on the company's better-than-expected third-quarter results . PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Shares of Palo Alto Networks (PANW) rose 3.7% last month. LLY YTD mountain Eli Lilly (LLY) year-to-date performance Eli Lilly (LLY) stock climbed 3.1% in October after a weak September performance. LIN YTD mountain Linde (LIN) year-to-date performance Shares of Linde (LIN) rebounded on the company's stellar quarterly earnings release last week. CTRA YTD mountain Coterra (CTRA) year-to-date performance Coterra Energy (CTRA) notched gains of 1.7% in October.

Persons: Locker, we're, Foot Locker's, Foot Locker, Andy Jassy, Eli Lilly, LLY, Decker, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Nike, Club, Humana, Microsoft, Big Tech, Amazon, Services, Palo Alto Networks, Alto, Procter & Gamble, Procter, Gamble, LIN, Linde, The, Hamas, CNBC, Traders, New York Stock Exchange Locations: —, Palo, Lilly's, Israel, Palestinian Territories, New York City, U.S

☆ Amazon stock swings after a great quarter underscore our golden rule during earnings season
▼ + stars: | 2023-10-26 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Operating income increased over 340% to $11.12 billion, significantly exceeding forecasts of $7.7 billion, according to FactSet, and above the high-end of management's guidance. As a result, the operating income estimate is a more telling metric on how Amazon fared relative to Wall Street's expectations — and make no mistake, it was strong. In the Companywide part of the table, the cost of sales line-item came in above expectations at $75 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Andy Jassy, Jassy, that's, it's, Jim Cramer's, Jim Cramer, Jim, Omar Marques Organizations: Amazon, Services, Revenue, LSEG, Rivian Automotive, Management, North, CNBC, Lightrocket, Getty

☆ Morgan Stanley says AI and gig work could add $400 billion to the economy by 2030. Here are the 4 buy-rated stocks that will benefit, and the brands that could be challenged.
▼ + stars: | 2023-09-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

A survey conducted by the investment bank showed that younger or college-educated respondents believed that generative AI could help alleviate some of these gaps. The survey also showed that AI tools are making gig work more profitable. Those turning to the technology reported a 21% boost in income from using generative AI relative to their peers who didn't use it. Amazon (AMZN) is helping lay the foundation for developers and enterprises to build generative AI applications through its platform Bedrock, accessible through its web services cloud. Below is an extended table that shows the brands Morgan Stanley believes will benefit or be challenged by the intersection of gig work and generative AI.

Persons: Morgan Stanley, Gen Z, X, Gen, Morgan Stanley's, they've, Morgan, Keith Weiss, Phillips, Brian Nowak, Gary Yu, Yu Organizations: IBM Locations: Bridgewater, Booking.com

☆ Wall Street analyst sees 3 companies as the next $3 trillion stocks due to AI. Here's our take
▼ + stars: | 2023-09-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Needham's Laura Martin sees Club names Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT) as "front-runners" in the race of tech firms competing in generative AI. While positive on Apple, Martin thinks it will be "dwarfed by generative AI" firms. "High-quality data that is most relevant will allow generative AI to create the best new content and products and or save costs faster through better online customer service," Needham wrote. MSFT YTD mountain Microsoft YTD performance In the coming quarters, Microsoft will increase capital expenditures to invest in Microsoft Cloud growth and demand for AI services. 2 AI stock in the portfolio, followed by Nvidia), and would consider adding to the Club's MSFT position on a pullback as indicated by the Club's 1 rating .

Persons: Laura Martin, Martin, AAPL, Jim Cramer, Jim, Apple, Tim Cook, Needham, Baird, Morgan Stanley, Jim Cramer's, Doce Organizations: Microsoft, Apple, Nasdaq, Big Tech, Nvidia, Broadcom, Oracle, Google, YouTube, Services, Amazon, CNBC, Mobile World Congress Locations: Needham, Barcelona, Spain

☆ In leaked recording, Amazon CEO Andy Jassy wouldn't share data for his controversial RTO mandate. Said it was a 'judgement' call, like launching AWS.
▼ + stars: | 2023-08-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

"Those were judgment decisions by our leadership team," Jassy continued. As a leadership team, we've decided that we will be better for customers and for our business being in the office." Jassy's comments are the latest in the months-long tension between Amazon's employees and leadership team over the company's aggressive RTO policy. Amazon's top leadership looked at "a number of pieces of data" over the past two years regarding remote work, Jassy said. Another person blamed Amazon's leadership team for over-expanding during the pandemic under the belief that the hyper growth would last for a long time.

Persons: Andy Jassy, Jassy, we've, didn't, doesn't, It's, Amazon's, it's Organizations: Amazon, Services, AWS

☆ How 5 companies are using pricing power to protect profits during high inflation
▼ + stars: | 2023-08-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

A select group of our Club holdings have recently demonstrated durable pricing power to protect profits during what continues to be a high inflation environment. For companies, elevated inflation means higher input costs — higher costs on the goods and services required to run their businesses. In a recent note, UBS acknowledged, "Inflation may trend back toward the Fed's target sooner than expected reducing the relative advantage of companies with pricing power." In fact, UBS believes that "companies with pricing power have the potential to outperform the broader market in the months ahead." Microsoft's pricing power comes down to the simple fact that they have positioned themselves as a core backbone of global productivity.

Persons: Andrew Bonfield, Jim Umpleby, we'll, Gamble, Gillette, Jon Moeller, Linde, Matthew White, White, Salesforce, Jim Cramer's, Jim Cramer, Jim, Procter & Gamble, Justin Sullivan Organizations: Federal Reserve, UBS, Caterpillar, Procter, Gamble, Linde, LIN, Microsoft, Construction Industries, Resource Industries, Energy, Transportation, Procter & Gamble, Health, Care, Investment, Management, Services Cloud, Cloud, Industries, CNBC, Procter & Locations: U.S, Australia, Canada, New Zealand, Greenbrae , California

☆ Recent updates for Amazon return to office policies
▼ + stars: | 2023-08-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Previous pronouncements about the revolutionary benefits of remote work have been replaced by vague, data-light arguments on productivity gains from being in the office. Apple, Meta, Bloomberg and Google all have gleaming HQs that would look very silly if those companies continued to embrace remote work. Insider has asked Amazon for comment on its RTO policy several times in recent months and the company has responded. AdvertisementAdvertisementAn internal guideline, obtained by Insider, listed Amazon office locations and the dates they are expected to be fully "ready" to support the RTO mandate. That's what some Amazon employees have done by mocking the company's RTO policy and its famous leadership principles.

Persons: Brad Glasser, there's, we've, Amazon's, LINDSEY WASSON, Andy Jassy, Slack, Beth Galetti, Al Drago, Paul Vixie, Andy Jassy's, Mike Hopkins, Hopkins, Elaine Thompson, snafu, they'd Organizations: Amazon, Tech, Meta, Bloomberg, Google, Seattle, Reuters, Amazon SVP, Human, Services, Company, Amazon Video Locations: Seattle, Seattle , Washington , U.S, Beth Galetti REUTERS, Seattle , New York, Houston, Austin , Texas

☆ Leaked document reveals 'Maverick,' a new Amazon AI security initiative led by Uber's former CISO
▼ + stars: | 2023-08-15 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

The goal is to build automation tools for AI security and foster partnerships across the company. "In Q2 2023, Amazon Security created the Maverick program to ensure LLM based experiences uphold our high security standards to protect customer data and trust. The Amazon Web Services cloud unit also created an independent team focused on helping customers use generative AI, Insider previously reported . The new Maverick initiative wants to "understand GenAI risks" to Amazon and create "centralized GenAI security testing tools," according to the internal document. The second involves partnering with security teams to "create GenAI security guidance and add specific tasks to existing security mechanisms," the document added.

Persons: John, Flynn, Uber's CISO, Adam Montgomery, Maverick, Andy Jassy, LLMs, Jassy Organizations: Amazon, Amazon Security, Excellence, Amazon's, Microsoft, Google, Services, AWS

☆ Morning Bid: Time for tech
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

The American flag flies over the U.S. Treasury building in Washington, U.S., January 20, 2023. U.S. Treasury yields and the dollar are clinging to nine-month peaks, while the VIX is headed for its biggest week-on-week gain since March. This will shift investors' focus to the use of artificial intelligence to augment Apple's growth. Policy makers are attempting a balancing act; trying to fight inflation without fanning recession risk. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jim Bourg, Karin Strohecker, BoE, Thomas Barkin, Christina Fincher Organizations: U.S . Treasury, REUTERS, Apple, U.S, Treasury, Nasdaq, Services, Bank of England, Moderna, Hasbro, Labor Department, Commerce Department, PMI, Federal Reserve Bank of Richmond, Graphics Reuters, Reuters, Thomson Locations: Washington , U.S, U.S, Europe

☆ Amazon will let you pay with a wave of your hand at all Whole Foods stores
▼ + stars: | 2023-07-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Amazon will let customers at all of its Whole Foods stores pay with a simple wave of their hand. The company announced Thursday that it is bringing its Amazon One palm recognition system to all of its more than 500 Whole Foods stores by the end of the year. Amazon rolled out the technology in 2020, and it’s currently available at more than 200 Whole Foods stores. Whole Foods customers who choose to use Amazon One will no longer need their wallet or a phone to pay — they can simply hover their palm over an Amazon One device. Amazon says customer palm data is safeguarded in its Amazon Web Services cloud and it does not share palm data with third parties.

Organizations: New, New York CNN, Foods, Coors, Amazon, Services Locations: New York, Hudson, Colorado

☆ Amazon to launch pay-by-palm technology at all Whole Foods stores by year-end
▼ + stars: | 2023-07-20 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon is bringing its palm-scanning payment system to a Whole Foods store in Seattle, the first of many planned future locations to roll out the technology. Amazon will let shoppers pay with their palms at all Whole Foods stores by the end of the year, the company announced Thursday. Amazon One is a biometric technology that lets users enter and pay for items at stores by placing a palm over a scanning device. The company first introduced the technology in its Go cashierless stores, but later began adding it to Whole Foods supermarkets. Amazon said Thursday it's seeing "growing demand" for the technology, with it recording 3 million uses of Amazon One.

Persons: Amazon Organizations: Foods, Amazon, Services, Coors Field Locations: Seattle, Denver

☆ A leaked document of Amazon's ideas for using ChatGPT and AI at work lists 67 ways to take advantage of the ChatGPT boom
▼ + stars: | 2023-06-13 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Some of those ideas were shared in an internal document titled, "Generative AI-ChatGPT Impact and Opportunity Analysis." Amazon employees are in a rush to take advantage of the sudden rise of ChatGPT and similar AI technology. Amazon employees want to use the AI chatbot to auto-generate software code and marketing materials, according to the document. Amazon employees are even planning to use ChatGPT for a main part of Amazon's decision-making process, called PRFAQ. The same rules apply to the new Microsoft Bing search engine that uses ChatGPT's technology, an internal document said.

Persons: Eugene Kim Organizations: Amazon, Bloomberg, Microsoft Locations: Amazon

Goldman Sachs released its list of high conviction stocks — with a new twist. What makes this list unique from the typical top picks list is that members of Goldman's Investment Review Committee were the ones choosing the names, adding a second layer of analysis. Take a look at some of the names that made the list, and where Goldman sees them going forward. Goldman expects shares to have 42% upside over the next 12 months. The tech giant's scale, platform breadth, category diversification and end-market exposure will further fuel its upside opportunity in the years ahead, according to Sheridan.

Persons: Goldman Sachs, Steven Kron, Goldman, Kate McShane, Chris Shibutani, Eric Sheridan, Brett Feldman, Max —, — CNBC's Michael Bloom Organizations: Goldman's Investment, Pharmaceutical, Merck, Goldman, Amazon, Services, Warner Bros, HBO Max Locations: Sheridan, WarnerMedia

☆ Stick with this mega-cap tech stock that still has room for outsized growth
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Big, Dow, Bernstein, Mary Dillon, Foot, Dillion, Jim Cramer's, Jim Organizations: CNBC, Amazon New, Big, Nasdaq, Dow, Devices, Nvidia, Meta, Wednesday, Club, Services, New Locations: AMZN, FL

☆ Amazon dips after slowing cloud growth projections. Here's how the pros are playing it
▼ + stars: | 2023-04-28 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon dips after slowing cloud growth projections. Here's how the pros are playing itJim Cramer, Daniel Flax of Neuberger Berman, James Lee of Mizuho Securities, Jim Lebenthal of Cerity Partners and Rob Sechan of NewEdge Wealth on what they think about Amazon's first-quarter earnings report and guidance for slower Amazon Web Services cloud growth.

☆ Amazon drops 4% on slowing cloud growth projections. Here's how the pros are playing it
▼ + stars: | 2023-04-28 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Amazon 's earnings report, which beat estimates on the top and bottom lines. The experts, including Jim Cramer , discussed the megacap tech giant's outlook in the wake of the first-quarter report on Thursday. Shares of the stock rallied initially in Thursday's extended session, but then reversed course. By Friday's close, the stock lost 4% as investors reacted to Amazon's expectation that Amazon Web Services cloud growth will slow. Amazon is currently held in Cramer's Charitable Trust portfolio.

☆ 'Oh Amazon, why are you making this issue so difficult?' Employees who can't commute to their assigned offices fear the consequences.
▼ + stars: | 2023-04-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Change in remote statusSome Amazon employees hired during the pandemic said they were promised permanent remote work, through what they saw as a "handshake agreement." One employee shared their vice president's email in the Slack channel, saying this manager was willing to be more flexible. People walk into the lobby of Amazon offices in New York. Over 30,000 Amazon employees joined an internal Slack channel shortly after the RTO announcement and signed a petition to demand a reversal of the mandate. "Amazon, oh Amazon, why are you making this issue so difficult?"

☆ Amazon's rush to bring employees back to office stirs anxiety over badge tracking, relocation, and impact on performance reviews
▼ + stars: | 2023-04-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

this person asked in the Slack channel called "remote-advocacy," according to a screenshot seen by Insider. Change in remote statusSome Amazon employees hired during the pandemic said they were promised permanent remote work, through what they saw as a "handshake agreement." One employee shared their vice president's email in the Slack channel, saying this manager was willing to be more flexible. People walk into the lobby of Amazon offices in New York. Over 30,000 Amazon employees joined an internal Slack channel shortly after the RTO announcement and signed a petition to demand a reversal of the mandate.

☆ Leaked Amazon all-hands messages suggest 'single-digit' percentage cuts to 180,000-employee AWS, which still means at least 1,800 could get laid off
▼ + stars: | 2023-03-21 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Amazon's latest round of layoffs will include "a small, single-digit percentage" of cloud employees. Employees hoped a cloud unit all-hands would shed some light, but it provided little information. Amazon's latest round of layoffs will include "a small, single-digit percentage" of the employees in the company's massive Amazon Web Services cloud unit, according to leaked internal messages and employees present at the unit's all-hands meeting. Amazon CEO Andy Jassy on Monday announced plans to cut 9,000 employees, on top of the 18,000 layoffs the company announced earlier this year. Employees hoped a cloud unit all-hands would shed light on the plans, but according to internal Slack messages and employees present on the call, AWS CEO Adam Selipsky revealed little beyond saying a single-digit percentage of the cloud unit would be impacted.

☆ Amazon just asked its software engineers to start using a new in-house AI tool, rather than ChatGPT
▼ + stars: | 2023-03-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon CEO Andy Jassy told employees last month that generative AI is a "significant area of focus" for the company. Amazon wants its engineers to start using its own ChatGPT-like artificial intelligence tool at work, as it looks to catch up in the AI chatbot space, Insider has learned. "Amazon CodeWhisperer is an AI-powered coding assistant that provides real-time recommendations in your IDE based on your existing code and comments," the email, titled "Start using Amazon CodeWhisperer today," said. The move signals Amazon's behind-the-scenes efforts to join the AI chatbot race, where it has been noticeably absent in the public space. He also said Amazon's investment in this space will only increase, highlighting the maturation of generative AI, which powers many of the AI chatbots.

☆ Here's what market forces and company innovations Club members care about most
▼ + stars: | 2023-03-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

I spent the day last weekend with CNBC Investing Club members in New York City. We own Meta, Amazon and Alphabet for my Charitable Trust, which we use as our Club portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Leaked messages show a high-profile Amazon VP trying to calm employees over the return-to-office mandate: 'Let's not grab our torches and pitchforks quite yet'
▼ + stars: | 2023-02-21 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Paul Vixie, a high-profile Amazon VP, told employees to be patient and wait for more details about the new return-to-office mandate. Amazon employees are furious about the new mandate which requires them to be in the office three days a week starting in May. A high-profile Amazon executive joined an internal Slack conversation on Tuesday as employee angst over the sudden return-to-office mandate intensified. It also shows how Amazon's return-to-office mandate was not widely shared even among the highest-ranked employees prior to its announcement on Friday. Many employees in the Slack channel expressed frustration over the abruptness and vagueness of Jassy's announcement.

☆ Amazon employees are already using ChatGPT for software coding. They also found the AI chatbot can answer tricky AWS customer questions and write cloud training materials.
▼ + stars: | 2023-01-26 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon employees are using ChatGPT in a number of different ways, internal Slack messages show. ChatGPT was able to answer AWS customer questions and write training documents. Additionally, ChatGPT was "great" at writing a troubleshooting guide for AWS Aurora database engineers, and answering "difficult" support questions, this employee wrote on Slack. A corporate attorney at Amazon told employees not to share confidential company information with ChatGPT, as Insider previously reported. The employee wrote it's likely because it's an "extremely advanced human cognitive task."

☆ Microsoft CEO Satya Nadella says the great cloud slowdown won't last forever as he shares his plan for a big bounce back
▼ + stars: | 2023-01-25 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

Microsoft's earnings report Tuesday showed slowing cloud growth in a reality check for Wall Street. However, Microsoft's CEO and analysts think cloud is poised for a bounce-back after some hard times. Bernstein analysts wrote that Microsoft was the "canary in the coal mine" for cloud. Most analysts seem to agree with Nadella's approach, arguing that the cloud spending slowdown is temporary and not reflective of any longer-term trend. "We still think MSFT is well-placed to capture long-term opportunities," Bernstein analysts wrote to clients.

☆ Amazon warns employees not to share confidential information with ChatGPT after seeing cases where its answer 'closely matches existing material' from inside the company
▼ + stars: | 2023-01-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

An Amazon lawyer warned employees about sharing confidential company information with ChatGPT. Others wondered if they were even allowed to use the AI tool for work. She warned employees not to provide ChatGPT with "any Amazon confidential information (including Amazon code you are working on)," according to a screenshot of the message seen by Insider. Overall, Amazon employees in the Slack channel were excited about the potential of ChatGPT, and wondered if Amazon was working on a competing product. For Amazon employees, data privacy seems to be the least of their concerns.

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