Amazon is pouring billions into AI infrastructure. Its cloud boss says the company feels "quite good" about its strategy.

Retail job losses are surging, with Amazon and Target cutting nearly 32,000 corporate jobs combined, signaling a major industry restructuring.

Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.

Bill Baruch, Founder & President of Blue Line Capital, said in a recent program on CNBC that Amazon is one of the top names to own amid an attractive valuation and Cloud growth.

Amazon said it will cut approximately 14,000 white-collar jobs as it seeks to gain efficiencies -- and as it prepares for advances in artificial intelligence in running the company.

Amazon has announced an approximately 14,000 person reduction in its corporate workforce. The news follows an earlier report from Reuters that up to 30,000 people could be let go. However, the exact number of layoffs is unclear, with the 14,000 figure being cushioned by planned hirings.

Assessing his itinerary on the Amazon Flex app as smoke billowed around him, Johnny realized that his entire delivery route was ablaze. He radioed in to dispatch about the obvious dilemma, assuming they’d call him back to the warehouse. Instead, Amazon told him to buck up and do his best.

Amazon stock is up 4% this year ahead of its Q3 earnings report, lagging its mega-cap peers. The call with analysts is scheduled for 5 p.m. ET.