Amazon switch to robots will save it up to  billion a year, Morgan Stanley says

Amazon switch to robots will save it up to $4 billion a year, Morgan Stanley says

Amazon’s robotics ambitions can lead to multibillion-dollar cost cuts for the company, according to Morgan Stanley. Amazon plans to replace 600,000 jobs with robots in the coming years and, ultimately, is working towards its goal of automating 75% of its operations, The New York Times reported on Monday citing several internal strategy documents. The e-commerce…

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Barclays’ model shows AI spending cycle is far from peak. That means Nvidia shares are too cheap

Barclays’ model shows AI spending cycle is far from peak. That means Nvidia shares are too cheap

Investors appear to be underestimating hyperscalers’ artificial intelligence spending plans, and therefore missing out on the true value of Nvidia , according to Barclays. Nvidia has been trading sideways since December after the stock’s blockbuster performance in recent years, with the chipmaker’s shares down less than 1% year to date. A big reason behind Nvidia’s…

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