Amazon.com's Amazon Web Services, the world's largest cloud-service provider, owes tech company Kove $525 million for violating its patent rights in data...
- Amazon.com's Amazon Web Services , the world's largest cloud-service provider, owes tech company Kove $525 million for violating its patent rights in data-storage technology, an Illinois federal jury said on Wednesday.
Representatives for Amazon did not immediately respond to a request for comment on the verdict. Kove's lead attorney Courtland Reichman called the verdict "a testament to the power of innovation and the importance of protecting IP rights for start-up companies against tech giants."Chicago-based Kove sued Amazon in the U.S. District Court for the Northern District of Illinois in 2018.
After hitting a record closing high of $950 on March 25th, Nvidia's stock has since declined, prompting a closer look at the company's long-term prospects. D.A. Davidson Managing Director Gil Luria joins Yahoo Finance Live to discuss why he believes that Nvidia's continued market domination is "very unlikely." Luria says 2024 will be "a spectacular year for Nvidia.
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