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AREN

The Arena Group's stock (AREN) has fallen by 20% amid reports that 'Sports Illustrated,' which operates under their publisher license, has published articles by fake, AI-generated writers, according to Futurism.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:27 pm

AMZN

AWS announced Amazon Q, a generative AI-powered assistant for the workplace, designed with enterprise-grade security and privacy. Amazon Q can be tailored to a customer's business, providing employees with answers, content generation, and action-taking capabilities using company data and expertise. It integrates with AWS services and applications like BI, contact centers, and supply chain management. Amazon Q is available in preview, with specific features already generally available or coming soon. The announcement was made at AWS re:Invent, highlighting Amazon Q's potential to transform how work is done by leveraging AWS's extensive knowledge and experience. Customers like Accenture, BMW Group, Gilead, Mission Cloud, Orbit Irrigation, and Wunderkind have expressed excitement about using Amazon Q.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:22 pm

AMZN

Amazon.Com Inc (NASDAQ:AMZN) reported record-breaking sales during its extended Black Friday and Cyber Monday event, with over 1 billion items sold. The event, which ran from November 17 to November 27, offered customers nearly 70% more savings than last year. CEO Doug Herrington stated that Amazon will continue to offer new deals daily until December 24. Popular items included COSRX Snail Mucin skincare, Fire TV sticks, Ring doorbells, and Bissell vacuum cleaners. U.S. consumers spent a record $12.4 billion on Cyber Monday, with total online sales for Cyber Week reaching $38 billion. AMZN shares were down 0.40% at $147.14 on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 6:08 pm

AMZN

Amazon Web Services (AWS) has introduced new generative AI capabilities in Amazon Connect, its cloud contact center service, to enhance customer service experiences. These capabilities include Amazon Q in Connect for real-time agent assistance, Amazon Connect Contact Lens for AI-generated summaries of customer conversations, Amazon Lex for easier chatbot and IVR creation, and Amazon Connect Customer Profiles for aggregating customer data. Companies like Choice Hotels, NatWest Group, NeuraFlash, Traeger Grills, and USAN are already using these features to improve productivity and customer satisfaction. The new features are designed to be easily implemented by non-technical business leaders and are generally available, with Amazon Connect Contact Lens in preview.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:52 pm

AMZN

CHWY

ETSY

FL

GOOGL

META

NKE

Cyber Monday saw consumers taking advantage of discounts, with online sales growth in various categories. Goldman Sachs, Adobe, Salesforce, and Mastercard reported sales growth, with electronics, footwear, sporting goods, and jewelry performing well. Raymond James noted a significant increase in active footwear sales. Consumers showed a preference for value, with increased use of 'buy-now-pay-later' and 'no-rush shipping' options. Promotions were prevalent, with Nike, Foot Locker, Etsy, and Chewy offering substantial discounts. Analysts expect promotions to continue into 2024 due to a weak macroeconomic environment and high inventory levels. Goldman Sachs recommends Amazon as a preferred investment in the sector, with Alphabet and Meta also well-positioned to benefit from digital advertising.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 5:47 pm

AMZN

NVDA

During the AWS re:Invent conference, NVIDIA's CEO Jensen Huang presented, which coincided with an increase in NVIDIA's stock price. The details of the presentation were not provided, but the positive market reaction suggests that the content was well-received by investors.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:29 pm

AMZN

During the AWS re:Invent keynote, CEO Adam Selipsky discussed cloud transformation and highlighted AWS's innovations in data, infrastructure, AI, and machine learning. These advancements are aimed at helping AWS customers reach their objectives more quickly and tap into previously unexploited potential.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:22 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) announced receiving over 300 nonbinding no-deposit reservations for the FF 91 2.0 Futurist aiFalcon within 72 hours after their Middle East Strategy Launch Press Conference in Abu Dhabi. The company showcased the vehicle at the Yas Marina Circuit during the Abu Dhabi Formula 1 Grand Prix, which led to significant attention and on-site pre-order deposits from U.S. users. FFIE also announced strategic cooperation with Master Investment Group and Siraj Holding LLC, with Sheikh Abdullah bin Mohamed Al Qassimi and Ahmed Khalaf Al Otaiba joining FF's Global Advisory Committee to support business expansion in the Middle East. FFIE plans to solicit deposits after acquiring local regulatory sales licenses.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:02 pm

SQ

Block shares are experiencing an uptick following the announcement that Square and Afterpay, both owned by Block, processed 70 million transactions during Black Friday and Cyber Monday, marking a 14% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:53 pm

SRAD

Sportradar (SRAD) has announced a partnership with Sportsnet to deliver data-rich sports content to the Canadian market. This collaboration aims to enhance fan engagement by integrating Sportradar's comprehensive sports data and insights into Sportsnet's broadcasting and digital platforms. The partnership is expected to leverage Sportradar's expertise in sports data analytics to provide Canadian sports audiences with enriched experiences.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:39 pm