Amazon.com Stock Pops on AI Startup Investment

The company is ramping up competition with Alphabet and Microsoft

Digital Content Manager
Sep 25, 2023 at 10:11 AM
facebook X logo linkedin


Amazon.com, Inc. (NASDAQ:AMZN) is dipping its toes in the artificial intelligence (AI) industry. The e-commerce giant said it will invest up to $4 billion in cash in Anthropic, a prominent startup in the space, as it looks to ramp up competition with both Microsoft (MSFT) and Alphabet (GOOGL).

The security is up 0.4% to trade at $129.68 at last check, after taking a breather from its Sept. 14, one-year high of $145.86. The $128 level contained this pullback, after stopping selloffs in August and July as well. AMZN is up more than 53% so far in 2023, with support form its 100-day moving average. 

The options pits lean bullish, per Amazon.com stock's 50-day call/put volume ratio of 2.21 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that ranks in the 77th percentile of readings from the past year.

Attractively priced premiums make now an excellent time to gamble on AMZN's next move. The security's Schaeffer's Volatility Index (SVI) of 30% ranks in the 15th percentile of its annual range, suggesting options traders are now pricing in low volatility expectations. 

 
 
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI