With $2-trillion added since Christmas, the Nasdaq 100 has a shot at beating the market for the 10th time in 11 years. But it may be taking on dot-com-era trappings.
Amazon.com spent $1.7 billion on video and music content during the first quarter of this year, the first time the technology and retail giant has itemised the growing cost of providing streaming services to consumers.
Intel, which had been the biggest beneficiary of a years-long, multibillion-dollar spending spree by the cloud computing industry, signalled an end to an expansion that drove record revenue and profit.
Amazon.com confirmed on Thursday what has been a slowly evolving financial picture. It is now a company that is more profitable than it has been in years, but the supercharged growth is gone.
A swathe of the world is adopting China’s vision for a tightly controlled Internet over the unfettered American approach, a stunning ideological coup for Beijing that would have been unthinkable less than a decade ago.
Researchers at UpGuard, a cybersecurity firm, have found troves of user information hiding in plain sight, inadvertently posted publicly on Amazon.com’s cloud computing servers.