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Amazon stock still a ‘compelling opportunity’ despite cloud concerns, says JPMorgan

Sentiment toward Amazon's stock "is at a multiyear low," according to a JPMorgan analyst, but he thinks investors aren't giving the company enough credit. Read More...

Reuters

EVs and crypto mining seen as emerging risks for U.S. power reliability

More EVs, spurred by government policies such as the U.S. Inflation Reduction Act, and energy-intensive mining of bitcoin will add demand on the nation’s fragile electrical grid while power plant closures outpace the replacement of new capacity and severe weather intensifies, NERC said in its long-term reliability assessment. “These new electric uses can significantly alter the nature of how the system is going to be operated and what it needs to be able to provide,” Mark Olson, manager for reliability assessments at NERC, which is responsible for the reliability of U.S. power grids, said on a webcast.

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