Pacific Crest Lowers Amazon Rating

Pacific Crest lowered the stock rating of Amazon from overweight to weight after this week of trading. They believe the well-performing internet company has reached a peak and they are expecting a slow in gains. In the past 12 months, Amazon’s stock raised 53 percent with 22.5 percent in 2017. The S&P 500 only had […]
  • Gray Phillips
  • April 29, 2017
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Amazon Discreetly Acquires Start-up Company Harvest.ai

Amazon’s cloud services group recently, and discreetly, acquired AI security firm harvest.ai in their ongoing campaign of acquiring start-ups. A tipster told TechCrunch that the acquisition was a $19 million affair The cyber security firm uses machine learning and artificial intelligence to stop targeted attacks before critical customer data can be compromised. The patent-pending AI […]
  • Anahit Moumjian
  • January 12, 2017
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Microsoft’s Cloud Business is Raking in the Money

While Microsoft is famous for its PC programs such as Windows and Office, these programs aren’t making as much profit as they used to. Microsoft’s investments in the smartphone business so far have also been disastrous. Back in 2014, Microsoft bought Nokia’s mobile business for $9.4 billion. Microsoft had planned to combine Windows and smartphones […]
  • Joanna Mei
  • July 21, 2016
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