AMZN·Amazon.com, Inc.

Recent reports indicate Amazon Web Services (AWS) experienced at least two outages due to errors in its AI tools, though Reuters couldn't immediately verify the claims. This could erode customer trust and potentially disrupt services. Simultaneously, Amazon is reducing its workforce in New York City, affecting hundreds of roles, as part of a broader restructuring. This follows previous announcements of approximately 16,000 job cuts, potentially impacting operational costs. In a significant shift, Amazon has surpassed Walmart as the largest company in the U.S. by annual revenue, highlighting its sustained growth and dominance in the retail sector. Citadel significantly increased its AMZN holdings, adding approximately $2.52 billion, signaling strong confidence in the company. However, the Washington Supreme Court ruled that Amazon can be sued over suicides linked to sodium nitrite purchased on its website, which could expose the company to liability. The long-term implications of these developments are uncertain, and investors should watch for further announcements regarding AWS stability, restructuring progress, and legal outcomes.