Pinterest

Pinterest bets $4 billion on Amazon.

$PINS Pinterest has signed a five-year, $4 billion contract with $AMZN — the largest infrastructure commitment in the company’s history. Graviton and Trainium chips, a full bet on AI.

But the real story is with Amazon. Its chip business generates over $20 billion annually and is growing at triple-digit rates. Trainium2 offers a 30% better...
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📅 Investment outlook of the week!
This week we have corporate earnings across various sectors, the US Fed rate decision and new data from the economy.

📈 Monday
ISM Services PMI - Let's keep an eye on the health of the sector that makes up the majority of the US economy.

🔌 Results before the markets open:
ON Semiconductor $ON - A key player in the supply chain for the automotive and...
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Today, Pinterest $PINS reported results that exceeded expectations. Active users for the month reached 465 million. USD. Analysts were expecting 463.2 million. USD. Average revenue per user was $1.53. Analysts were expecting USD 1.54/user.

Until a few months ago, I thought other social networks would overtake it, but in May it announced a partnership with e-commerce giant Amazon...
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