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Time of India
3 hours ago
- Time of India
The 'OBSESSION' that is hurting Amazon, as its stock falls behind Nasdaq
In a stock market captivated by artificial intelligence, Amazon .com Inc. is struggling to keep up. The e-commerce giant's shares have been significantly trailing the tech-heavy Nasdaq 100 Index this year, according to a recent Bloomberg report. As the report says: In a stock market obsessed with artificial intelligence, is losing ground. The gap widened sharply after Amazon's disappointing earnings report on July 31. While the Nasdaq 100 is up 12% for the year, Amazon's stock has gained just 4.6%, placing it in the bottom half of the index's performers. The company's stock is currently trading at a near-record discount to the index—a stark contrast to the premium it commanded for most of the last two decades. The primary cause for the recent slide was slower-than-expected growth in Amazon's cloud-computing business, Amazon Web Services (AWS). This has fueled investor concern that the company is losing market share to competitors. For many investors, Amazon's stock hasn't seen the same boost from AI investments as other tech giants like Microsoft and Meta Platforms. "For a lot of investors, Amazon just isn't a pure-play way to play a theme you believe in,' said Eric Clark, a portfolio manager quoted by Bloomberg. "People want purity in their investments. And if you want that, Amazon looks like a company that's watered down by all the different businesses.' While Amazon still generates the majority of its sales from e-commerce, its wide-ranging business portfolio—from AWS to Whole Foods—is now being seen as a weakness rather than a strength. The company's diverse investments, which were long a draw for growth-oriented investors, are now seen as a drag on its stock price in an AI-dominated market. Growing competition from Microsoft and Google in Cloud 'hurting' Despite remaining the market leader in cloud computing, AWS's 17% revenue growth in the second quarter was overshadowed by its rivals. For comparison, Microsoft's Azure unit saw a 39% increase in sales, while Google Cloud's sales grew by 32%. Meanwhile, other companies heavily focused on building AI computing capacity are seeing their shares skyrocket. Oracle Corp., which recently partnered with OpenAI to supply massive data center power, has seen its stock price surge by nearly 50% this year. The shares of CoreWeave Inc., an Nvidia-backed cloud computing provider, have more than doubled since its March IPO. 'This new cohort of hyperscalers are going to be the companies we're talking about in five years time,' said Clare Pleydell-Bouverie, co-manager of the Liontrust Global Innovation team. "We're not seeing the same AI induced acceleration" from Amazon, she noted. Amazon stock remains one of the most popular on Wall Street Despite the recent setbacks, many investors remain confident in Amazon's long-term potential. They believe the company's AI investments will eventually pay off by improving efficiency and customer targeting across its many businesses. The stock remains one of the most-popular on Wall Street, with over 90% of the 82 analysts who cover it rating it a "buy," according to Bloomberg data. This is a higher buy percentage than either Meta or Alphabet Inc. Eric Clark believes Amazon looks "under-appreciated" right now, but he's confident that its AI investments, especially within AWS, will eventually boost its bottom line.
Economic Times
3 hours ago
- Economic Times
Markets on edge as Evercore warns - Powell's Jackson Hole speech could spark a shocking 15% plunge
Jerome Powell will speak at Jackson Hole, and Evercore warns his Fed rate cut signals could affect markets. Investors hoped for bigger cuts, so stocks may drop 7–15%. Mixed inflation and jobs data and high stock prices increase risks. Experts suggest safe investing in tech, AI, and healthcare stocks to prepare for possible market changes. Tired of too many ads? Remove Ads Inflation and jobs data confuse markets Tired of too many ads? Remove Ads Stock market risks and Evercore's advice Hold a core portfolio of 'AI Enablers, Adopters, and Adapters' in tech, consumer, and communication sectors. Examples: Amazon (AMZN), Alphabet (GOOG), Micron (MU). Add healthcare stocks with good earnings revisions, like Pfizer (PFE) and Cigna (CI). Fund these buys by selling expensive stocks with weaker outlooks, such as Palantir (PLTR), Tesla (TSLA), and MicroStrategy (MSTR). FAQs U.S. federal reserve chair Jerome Powell is expected to signal a drop of 25 basis points during his expected speech at the annual Jackson Hole meeting of the who's who of central bankers on Friday in Wyoming. Analysts at Julian Emanuel led Evercore ISI say the indication of the drop in rate could be the precursor to the real announcement during the Fed's mid-September wanted a 50 basis point cut (half a percent). Evercore warned that Powell's 'balanced view' could trigger a 7% to 15% market drop by October. Economic Outlook Looks Unclear – Evercore said both parts of the Fed's job – controlling inflation and keeping jobs strong – look 'muddled', as reported by Consumer Price Index rose less than expected, but wholesale prices increased faster than forecast. Jobs Market Data Also Mixed – Weekly jobless claims stayed steady this year. But U.S. job growth slowed to its weakest 3-month pace since 2010 (excluding the pandemic shock). Back in 2010, the unemployment rate was 9%, double today's Donald Trump has criticized Powell since returning to the White House in January. He wants the Fed to cut rates more deeply. Trump's Move Sparks Worries – In early August, Trump fired the Bureau of Labor Statistics chief after a weak jobs report. Economists fear this could lead to political interference in economic data, as per the noted that high stock prices and seasonal weakness are dangers. September is historically the worst month for stocks, even after strong rallies. Wall Street Rally Context – Stocks have been lifted by trade deals and strong earnings, but valuations are now close to the Dotcom Bubble made clear that Powell's speech could be a turning point: if markets don't like what they hear, a sharp 15% drop could hit by October, as stated by is expected to signal a 25 basis point rate cut at the Fed's September Evercore warns that markets could fall 7% to 15% by October if investors don't like his message.
Time of India
4 hours ago
- Time of India
Markets on edge as Evercore warns - Powell's Jackson Hole speech could spark a shocking 15% plunge
Inflation and jobs data confuse markets Live Events Stock market risks and Evercore's advice Hold a core portfolio of 'AI Enablers, Adopters, and Adapters' in tech, consumer, and communication sectors. Examples: Amazon (AMZN), Alphabet (GOOG), Micron (MU). Add healthcare stocks with good earnings revisions, like Pfizer (PFE) and Cigna (CI). Fund these buys by selling expensive stocks with weaker outlooks, such as Palantir (PLTR), Tesla (TSLA), and MicroStrategy (MSTR). FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel U.S. federal reserve chair Jerome Powell is expected to signal a drop of 25 basis points during his expected speech at the annual Jackson Hole meeting of the who's who of central bankers on Friday in Wyoming. Analysts at Julian Emanuel led Evercore ISI say the indication of the drop in rate could be the precursor to the real announcement during the Fed's mid-September wanted a 50 basis point cut (half a percent). Evercore warned that Powell's 'balanced view' could trigger a 7% to 15% market drop by October. Economic Outlook Looks Unclear – Evercore said both parts of the Fed's job – controlling inflation and keeping jobs strong – look 'muddled', as reported by Consumer Price Index rose less than expected, but wholesale prices increased faster than forecast. Jobs Market Data Also Mixed – Weekly jobless claims stayed steady this year. But U.S. job growth slowed to its weakest 3-month pace since 2010 (excluding the pandemic shock). Back in 2010, the unemployment rate was 9%, double today's Donald Trump has criticized Powell since returning to the White House in January. He wants the Fed to cut rates more deeply. Trump's Move Sparks Worries – In early August, Trump fired the Bureau of Labor Statistics chief after a weak jobs report. Economists fear this could lead to political interference in economic data, as per the noted that high stock prices and seasonal weakness are dangers. September is historically the worst month for stocks, even after strong rallies. Wall Street Rally Context – Stocks have been lifted by trade deals and strong earnings, but valuations are now close to the Dotcom Bubble made clear that Powell's speech could be a turning point: if markets don't like what they hear, a sharp 15% drop could hit by October, as stated by is expected to signal a 25 basis point rate cut at the Fed's September Evercore warns that markets could fall 7% to 15% by October if investors don't like his message.
