Wells Fargo's downgrade marks a rare moment of skepticism toward Amazon, with Gawrelski stating, “We are selling our 7.6% AMZN position,” citing “limited visibility into further positive ...

Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute, joins ‘The Exchange’ to discuss the recent market trends, why the inflation has been slow to materialize, and ...

The firm estimated that the AI startup Anthropic should contribute about 1 percentage point of additional growth to AWS ...

Investing.com -- Wells Fargo reiterated its bullish stance on Amazon (NASDAQ: AMZN) in a note Friday, calling the company “a ...

Wells Fargo sees Amazon beating expectations in the third quarter. The company raised its third quarter outlook for Amazon’s earnings per share from $1.18 to $1.26, well above the consensus ...

But Amazon "is no longer the only scaled marketplace in North America," Wells Fargo analysts led by Ken Gawrelski wrote in a research note on Monday. Walmart's third-party logistics offering is ...

Wells Fargo downgraded Amazon's shares due to margin pressures and the reduced, positive impact of its advertising business, but maintains a long-term bullish outlook on the name.

Amazon has delayed some commitments around new data center leases, Wells Fargo analysts said Monday, the latest sign that economic concerns may be affecting tech companies' spending plans.

Analyst expectations for where Amazon stock is headed vary, but Wall Street remains optimistic overall, especially in the ...