Latest news with #techgiant
Asharq Al-Awsat
10 hours ago
- Business
- Asharq Al-Awsat
Spain's Watchdog Expands Probe into Apple Over App Store Pricing
Spain's antitrust regulator said on Tuesday it was expanding its investigation into possible anti-competitive behavior by Apple for allegedly imposing unequal commercial conditions on developers of mobile applications sold at its app marketplace. The wider probe will examine whether the tech giant set pricing schedules at its App Store, abusing its dominant position, the CNMC said in a statement. Apple has denied the allegations since the CNMC launched its investigation a year ago.
Globe and Mail
2 days ago
- Business
- Globe and Mail
The Smartest Growth Stock to Buy With $10,000 Right Now
Key Points While known to be a leader in e-commerce, this tech giant also has a strong presence in other tech-driven markets. Artificial intelligence is set to push further gains at this company's dominant cloud computing segment. The stock's current valuation looks reasonable given solid revenue and earnings growth. 10 stocks we like better than Amazon › Owning growth stocks can be an exciting way to invest your capital. These are usually companies that are operating with tailwinds at their back. This helps them put up strong revenue and profit gains. For investors, the possibility of scoring huge returns is certainly hard to ignore. But where can one find attractive opportunities? I believe there's one, which is a historical winner, that's hiding in plain sight. Here's the smartest growth stock to buy with $10,000 right now. Much more than just an e-commerce powerhouse With a market cap of $2.4 trillion and trailing-12-month net sales of $650 billion, there's no chance that Amazon (NASDAQ: AMZN) flies under the radar. However, it's a growth stock that investors must take a closer look at today. That's because Amazon is riding the wave of multiple secular trends that are propelling it forward. Investors know Amazon as the dominant e-commerce platform, with nearly 40% of all online shopping in the U.S. going through the marketplace. With a massive product assortment at cheap prices, plus fast and free shipping, consumers are keen on spending on the Amazon site. But the business is much more than an online retailer. Amazon also has a sizable digital ad segment that generated $56.2 billion in revenue in 2024. It's growing at a double-digit clip, too. And based on the profitability of industry leaders Alphabet and Meta Platforms, Amazon is surely raking in meaningful earnings from its advertising efforts. There's also Amazon Web Services, the industry's leading cloud computing platform. It has generally posted faster growth than the overall company. And with a first-quarter operating margin of 39.5%, it's also been the profit engine. According to Grand View Research, the global cloud computing market is expected to expand at a 20% yearly pace over the next five years to $2.4 trillion. AWS is clearly staring at a long growth runway. Amazon CEO Andy Jassy estimates that only 15% of IT spending has shifted to the cloud thus far, leaving plenty of opportunity for AWS to capture the ongoing transition. The rise of artificial intelligence helps in this regard, as enterprise customers have a growing desire to build AI apps and tools using the products and services that AWS offers. "Before this generation of AI, we thought AWS had the chance to ultimately be a multi hundred-billion-dollar revenue run rate business. We now think it could be even larger." Jassy said on the Q1 2025 earnings call. Still a smart buy With a huge revenue base, it can undoubtedly be difficult for Amazon to continue growing the top line at a respectable clip. The company operates from a position of strength, though, because weakness in one area can more than be made up for by robustness in another. Most other businesses aren't as fortunate. This supports Amazon's powerful competitive standing. Wall Street consensus analyst estimates call for revenue to increase at a compound annual rate of 9.7% between 2024 and 2027. However, I wouldn't be surprised at all to see growth come in better than this forecast. Amazon's ability to leverage its disruptive and innovative capabilities to penetrate adjacent growth vectors is a phenomenal trait. A renewed focus on operational efficiency has supported profitability gains in recent years. And this is set to continue. Analysts believe earnings per share will jump by 17.6% between 2024 and 2027. The stock is reasonably valued, at a forward price-to-earnings ratio of 36.6. Given Amazon's dominance, investors shouldn't hesitate to buy $10,000 worth of the business, which should get you about 44 shares. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
ABC News
2 days ago
- Politics
- ABC News
Federal politics live: Government says it will not be 'bullied' to exempt YouTube from social media ban
The government says it will not be bullied by Google after the tech giant threatens to take legal action if YouTube is included in a social media ban for children under 16. Follow our live blog below.
Yahoo
4 days ago
- Business
- Yahoo
IBM earnings were strong, so why is the stock price sliding today? Here's what has investors spooked
IBM announced strong second quarter 2025 earnings that beat expectations on many points, helped in part by response to its new AI-focused mainframe computer. So why is the stock sliding today? First, a look at the results. Here's what happened when Albuquerque made riding the bus free Here's why Trump's proposed 401k executive order may be very bad news for your retirement Chipotle's CEO just shared the reason why sales have been down. Many fast food fans will relate IBM Q2 2025 earnings results Shares in the stock (NYSE: IBM) were down over 8% on Thursday in midday trading, after the tech giant beat expectations for 'revenue, profit, and free cash flow' this quarter. The company reported revenue of $16.98 billion, topping expectations of $16.59 billion, with earnings-per-share (EPS) of $2.80, beating expectations of $2.64. It also raised its full year forecast. 'With our strong first-half performance, we are raising our full-year outlook for free cash flow, which we expect to exceed $13.5 billion,' IBM chief executive Arvind Krishna said in a statement. 'IBM remains highly differentiated in the market because of our deep innovation and domain expertise, both crucial in helping clients deploy and scale AI. Our generative AI book of business continues to accelerate and now stands at more than $7.5 billion.' That's all good news for investors. In fact, IBM's revenue increased nearly 8% year-over-year in the quarter, according to its earnings statement. So why the stock dive? IBM stock price slides as earnings miss on software revenue The answer: software revenue. While revenue from software rose about 10% to $7.39 billion, it fell short of analyst expectations of $7.43 billion, CNBC reported. 'You're seeing the stock pull back, because there's just not a lot of room to miss,' Dan Morgan, senior portfolio manager at Synovus Trust, told Reuters. 'This would be more evidence that software is not growing at the pace that the Street was expecting.' At the time of this writing, the company had a market capitalization of $239.39 billion. This post originally appeared at to get the Fast Company newsletter: Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Meta to stop selling political ads in the EU from October
In response to the European Union's incoming regulation of political advertising, Meta said on Friday that it will stop selling and showing political ads in the EU from October. Calling the legislation's requirements 'unworkable,' the tech giant wrote in a blog post that the law, dubbed Transparency and Targeting of Political Advertising (TTPA), introduces 'significant, additional obligations to our processes and systems that create an untenable level of complexity and legal uncertainty for advertisers and platforms operating in the EU.' Adopted by the European Commission in 2024, the TTPA mandates companies selling ads to clearly label political advertisements; provide information about their sponsor, the election or referendum they concern, what the ad cost, and what targeting mechanisms were used. The law also requires that data collected to serve political ads must only be used if the person or entity gives their consent to use it for political advertising, and bans the use of some types of personal data, such as information that could reveal a person's racial or ethnic origin or political opinions, from being used for profiling. Those requirements seem to be too much for Meta, however, which derives the vast majority of its revenues from advertising. The company said it had consulted with the EU extensively, but came to the conclusion that it would either have to alter its services to offer an ad service that 'doesn't work for advertisers or users,' or stop offering such ads altogether. 'Once again, we're seeing regulatory obligations effectively remove popular products and services from the market, reducing choice and competition,' Meta wrote. Google, another advertising giant that also said it would stop selling political ads in the EU by October, raised similar points, arguing that the law brings significant operational challenges and legal uncertainty. This is the latest of a string of tussles between the EU and Big Tech as the bloc tries to rein in the influence and power of these platforms. Tech companies have been battling the EU's AI Act, its enforcement of competition rules, ad-tracking regulation, and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
