On the morning of August 5, the unwinding of the Yen carry trade accelerated, leading to a spike in the expected volatility index. Investors were selling and asking questions later.

The past decade and a half have truly been incredible for investors. Most could have chosen from a list of top-performing growth stocks and done just fine for themselves.

The old Wall Street saying “gaps refill” is true. It means that if a stock moves quickly, or “gaps,” through price levels going one way, and then eventually reverses and gets back to those same levels going the other way, it could move quickly or gap back through them in the opposite direction.

Last Monday's market rout saw tech stocks, specifically AI stocks experience major selloffs as investors across the board decided to take profits from overvalued positions. In fact, for many of the companies that experienced the correction, the selloff was a long time coming.

SEATTLE--(BUSINESS WIRE)--Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Iberdrola, one of the world's largest clean energy companies, has selected AWS as its preferred cloud provider for generative artificial intelligence (AI) workloads, as part of their global partnership. Iberdrola will use AWS technologies, including Amazon Bedrock and Amazon SageMaker, to develop generative AI applications that drive efficiency, personalize customer-facing.

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Amazon (NASDAQ: AMZN ) has long been a powerhouse in both e-commerce and cloud computing, captivating investors with its growth potential. However, recent market dynamics have led to question marks as to how Amazon stock may behave in the rest of 2024.

As our lives become increasingly online and digital workloads migrate to cloud-based environments, cybersecurity has not been more critical to safeguarding both enterprise and consumer data. The rise of artificial intelligence (AI) and generative artificial intelligence models, which rely on swaths of public and even proprietary data, underscores the importance of a unified cybersecurity apparatus.

Amazon is reporting second quarter results and still growing at a solid pace - especially advertising revenue is increasing about 20% year-over-year. The stock is trading for 40 times earnings and free cash flow, and still seems a bit expensive. Right now, the looming recession might be the biggest risk to Amazon, and the stock still seems too expensive to account for that risk.

Amazon.com Inc (NASDAQ:AMZN) has launched a new fulfilment centre in Leeds, which is set to create over 2,000 jobs in the coming months. The company is investing £500 million in the state-of-the-art facility at Gateway45, which spans three floors and utilises advanced technology to pick, pack, and ship orders.

The company has expanded rapidly over the years. The shares handily beat the market over the last decade.

There's a tech wreck going on in the market right now. The Nasdaq Composite index that is mostly comprised of tech stocks is down 10% over the last month and officially in a correction.