Shares of tech titan Amazon (NASDAQ: AMZN) just got confirmation that the 2023 rally is the real deal. For most consumers, Amazon is an online store. Rather, Amazon is making hay as a facilitator for other people's internet businesses.
In December, Wall Street ended its worst year since the Great Recession of 2008. The debut of ChatGPT late last year showcased the wide-ranging potential of generative AI, which has since acted as a big catalyst to drive the market higher. While many stocks could benefit from the AI arms race, Loeb highlights three stocks he calls "picks and shovels" in his second-quarter letter to investors earlier this month.
Notice sent to employees who were not in office at least three times a week, after other tech firms’ efforts to get workers back on site