Shares of tech giant Amazon.com, Inc. (AMZN) boosted the market after reporting strong quarterly earnings on October 31, increasing the tech-heavy Nasdaq by 0.61%.
Jeff Bezos noted that one breakthrough technology would shape Amazon's destiny, surprising Wall Street's biggest analysts.
Generative AI is a "once-in-a-lifetime" technology that is already being used across Amazon to reinvent customer experiences, according to Amazon's new CEO Andy Jassy.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040, there would be at least 10 billion humanoid robots, priced between $20,000 and $25,000, potentially worth $250 trillion.
Author's summary: Top stocks performance reviewed.