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

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 ...

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 ...

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.

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 ...

In contrast, Wells Fargo has increased its position in Microsoft, raising the allocation from 3.9% to 8.9%. The bank's analysts are optimistic about Microsoft's Azure platform and its AI capabilities.

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.