Temu emerged from nowhere to become an e-commerce force with aggressive marketing and super-low prices. And Amazon stock watchers are thinking the unthinkable.
Even if it doesn't get there this year, it will do so soon.
Tech stocks look set to end the week with a flourish as the sector’s solid May gathered momentum Friday. Amazon rose in premarket trading after closing at a record high Thursday. The chip sector, in particular, was poised for solid gains after Taiwan Semiconductor Manufacturing Co revenue soared 60% in April.