Today: 29 April 2026
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SGX:A17U 4 February 2026

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  • Mizuho Increases Amazon Price Target to $325 Citing AWS Growth in AI Infrastructure
    April 29, 2026, 5:14 PM EDT. Mizuho boosted Amazon's price target to $325 from $315, highlighting AWS as a key driver in AI infrastructure demand and high-margin revenue growth. AWS secured new cloud deals with OpenAI, Anthropic, and Meta, supporting this optimistic outlook. Despite concerns over OpenAI's cost controls and Amazon's hefty $200 billion capital expenditure on AI projects through 2026, AWS growth remains strong, posting $35.58 billion revenue, up 24%. Amazon shares, trading near $260, reflect a 13% gain year-to-date. This move signals a shift beyond Amazon's retail identity, positioning AWS as a central figure in the AI cloud space amid stiff competition from Microsoft Azure and Google Cloud.

Latest article

Nebius Stock Jumps as Meta’s AI Spending Reset Puts $27 Billion Deal in Focus

Nebius Stock Jumps as Meta’s AI Spending Reset Puts $27 Billion Deal in Focus

29 April 2026
Nebius Group N.V. shares rose 5.3% to $142.73 Wednesday as Meta Platforms raised its 2026 capital spending forecast by up to $10 billion, citing higher data center costs. Nebius has a contract to supply Meta with up to $27 billion in AI cloud capacity. Fourth-quarter 2025 revenue jumped 547% to $227.7 million, but the company reported a net loss of $249.6 million.
Phillips 66 Stock Jumps as Surprise Profit Shows Refining Margins Are Back in Focus

Phillips 66 Stock Jumps as Surprise Profit Shows Refining Margins Are Back in Focus

29 April 2026
Phillips 66 reported an adjusted first-quarter profit of $200 million, or 49 cents per share, beating analyst forecasts of a loss. Strong refining margins and 95% plant utilization offset $839 million in hedge-related losses. Shares rose over 6% after the results. The company also completed its acquisition of Lindsey Oil Refinery assets in the UK.
Extreme Networks Stock Jumps as Q3 Earnings Beat Puts Cisco, HPE Rivals in Focus

Extreme Networks Stock Jumps as Q3 Earnings Beat Puts Cisco, HPE Rivals in Focus

29 April 2026
Extreme Networks shares surged 28% after reporting fiscal Q3 revenue of $316.9 million, up 11%, and non-GAAP earnings of 26 cents per share, both above estimates. The company forecast Q4 revenue of $330–$335 million, topping FactSet’s $326.9 million estimate. SaaS annual recurring revenue rose 28.6% to $236.4 million. Net income climbed to $10.6 million from $3.5 million a year earlier.
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