On Friday, October 31, shares of tech giant Amazon.com, Inc. (AMZN) boosted the market after it reported strong quarterly earnings, with the tech-heavy Nasdaq increasing by 0.61%.
As Jeff Bezos once stated, one breakthrough technology would shape Amazon’s destiny, leaving Wall Street’s biggest analysts surprised. A year later, Amazon’s new CEO Andy Jassy described generative AI as a
“once-in-a-lifetime” technologythat is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk made a prediction that by 2040 there would be at least
10 billion humanoid robots, with each priced between $20,000 and $25,000, potentially worth
$250 trillionby 2040.
Author's summary: Top stocks performance discussed.