Amazon (AMZN) is on a cost-cutting mission. Reuters reported last night that the e-commerce and cloud computing giant is planning a second round of job cuts.
Last October, Amazon cut around 14,000 jobs, compared to the 30,000 first reported by news outlets. This upcoming round of cuts could be the same as last year (14,000). People who work in AWS, retail, Human Resources, and Prime Video risk losing their jobs.
AMZN stock closed at $234.34 with a P/E of 33.11 times.
Procter & Gamble (PG) rallied after it posted quarterly results. In Q2, it reported a 1.4% Y/Y increase in revenue, to $22.21 billion. For this year, it is forecasting an EPS growth rate of 1% to 6%. P&G benefited from strong growth outside of the U.S., where Latin America grew by 8%, Europe by 3%, China by 3%, and EMEA by 2%.
In the technology sector, Datadog (DDOG) might break out from its downtrend. Analysts at Stifel upgraded the stock. It cited recent checks that suggest Q4 results will beat expectations.
Arista Networks (ANET) jumped by almost 9% on Thursday. Analysts at BNP Paribas added Celestica (CLS), Arista, and Credo Technologies (CRDO) to the top AI stocks for 2026 list. They characterized the data center market as a continuing AI investment party.
Investors might consider Sandisk (SNDK), Macom (MTSI), Broadcom (AVGO), and Seagate (STX) as well.
Related Stories
