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Stockreport

AWS CEO Garman says software AI fears are ‘overblown' [CNBC]

Amazon.com, Inc. (AMZN)  More Company Research Source: CNBC
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Analysts have started calling the drawdown in software as a service stocks a “SaaS apocalypse.” Amazon showed faster cloud growth than expected in the fourth quarter. In this article Amazon Web Services CEO Matt Garman suggested that investors might be worrying too much about the risk of artificial intelligence models slowing growth of major software companies. “Look, my own opinion is that much of the fear is overblown,” Garman told CNBC's Jon Fortt on Thursday. Technology stocks have sold off this year following the release of software built on top of AI models from the likes of Anthropic and OpenAI. The iShares Expanded Tech-Software Sector Exchange-Traded Fund is down 24% so far in 2026, on par for the worst year since 2022, as inflation and rising interest rates drive companies to streamline post-pandemic technology spending. Analysts have taken to labeling the drawdown in software as a service stocks as a “ SaaS apocalypse .” Software executives have responded by [Read more]
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Stockreport

AWS CEO Garman says software AI fears are ‘overblown' [CNBC]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: CNBC
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Analysts have started calling the drawdown in software as a service stocks a “SaaS apocalypse.” Amazon showed faster cloud growth than expected in the fourth quarter. In this article Amazon Web Services CEO Matt Garman suggested that investors might be worrying too much about the risk of artificial intelligence models slowing growth of major software companies. “Look, my own opinion is that much of the fear is overblown,” Garman told CNBC's Jon Fortt on Thursday. Technology stocks have sold off this year following the release of software built on top of AI models from the likes of Anthropic and OpenAI. The iShares Expanded Tech-Software Sector Exchange-Traded Fund is down 24% so far in 2026, on par for the worst year since 2022, as inflation and rising interest rates drive companies to streamline post-pandemic technology spending. Analysts have taken to labeling the drawdown in software as a service stocks as a “ SaaS apocalypse .” Software executives have responded by [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS