Amazon reported revenue of $187.8 billion in Q4 of 2024, surpassing Walmart’s projected $180 billion, potentially dethroning Walmart as the top revenue-generator in the S&P 500 for the first time in over a decade. Amazon’s success is attributed to its online shopping business’s growth during the pandemic, as well as the significant revenue increase in its cloud division, AWS, with a record revenue of $638 billion for the full year of 2024.
Full Article
Why GeneDx Holdings Stock Blasted 8% Higher Today
GeneDx Holdings (NASDAQ: WGS) saw its stock rise over 8% following a strong second-quarter earnings report that revealed nearly $103 million in revenue, a 49% year-over-year increase, driven by a 69% surge in exome and genome testing sales. This performance stood in stark contrast to the S&P 500's modest 0.3% decline. Want More Context? 🔎
Read more