An Anthropic researcher just put the odds of AI killing all humans above 10% this decade, and Amazon has staked roughly $200 billion in annual capex on that very lab. What Andy Jassy told investors next will either reassure shareholders…
The company whose chips Amazon has bet roughly $200 billion in 2026 capex to serve just had one of its own staff publicly estimate the odds of human extinction from AI at more than one in ten this decade. On X, Anthropic researcher Evan Hubinger wrote that “we really do earnestly believe AI could kill all humans” and pegged the probability at “>10% within the next decade.” He also conceded Anthropic “do[es] not yet have a plan to solve alignment for superintelligence and [is] not clearly on track to.”
That is the counterparty Amazon (NASDAQ:AMZN | AMZN Price Prediction) CEO Andy Jassy has effectively welded AWS to. And based on his July 30 earnings call, he is doubling down.
Jassy on Anthropic: Multi-Gigawatt, Multi-Year, Fully Booked Jassy told analysts that “the two leading AI labs in the world, Anthropic and OpenAI,” have made “multi-year, multi-gigawatt commitments” to Amazon’s Trainium chips. Anthropic alone has committed to secure up to 5 GW of current and future Trainium generations, anchoring Project Rainier, which Amazon describes as the “world’s largest operational AI compute cluster with 500,000+ Trainium2 chips for Anthropic’s Claude training.”
The financial imprint is already enormous. Amazon’s stake in Anthropic generated a $53.4 billion one-time non-operating pre-tax gain in Q2 FY2026, lifting GAAP EPS to $5.75 against a $1.82 consensus. Comparable EPS came in at roughly $1.88 versus a $1.83 estimate. Prior-quarter Anthropic gains ran $16.8 billion in Q1 and $9.5 billion in Q3 2025.
AWS Is Booming Because of the Bet Jassy said AWS is “booming right now,” posting revenue growth of 36.7% year-over-year, its fastest growth in 18 quarters, on a $169 billion annualized run rate. Backlog stands at $496 billion, growing triple digits year-over-year. Amazon’s chips business and AI revenue each cleared a $25 billion run rate, and Jassy said “the lion’s share of capacity in 27… is largely reserved,” with “quite a bit of capacity that’s already been reserved for 28.”
Amazon Is Also Building Its Own Frontier Model Asked whether Amazon needs to compete with the very lab it funds, Jassy said: “We are pursuing our own frontier model.” His reasoning: “within the next few years, you’re going to have at least a half dozen models that are comparably good to each other. They’ll all be in bedrock, and one of them will be ours.”
Q2 revenue reached $200.61 billion, up 19.6% YoY, with operating income at $27.46 billion. Cash capex hit $53.1 billion in Q2 alone. Shares trade at $252.37, up 9.34% YTD but off 9.25% over the past month. Polymarket traders currently price 90.5% odds that Amazon’s 2026 capex tops $200 billion. The safety debate at Anthropic is now, mathematically, a shareholder issue.
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Jim Cramer raised a question on air that every Amazon investor should be asking right now: if the US debt market is big enough, why did the company just fly to London to raise billions?
Amazon (NASDAQ:AMZN | AMZN Price Prediction) just went to London to borrow money, and Jim Cramer used his Mad Dash segment to point out that this isn’t the usual playbook for the world’s largest cloud vendor.
Cramer described the deal on air. Jim Cramer said it was a GBP 4.25 billion sale, with Jim Cramer noting order interest of almost GBP 12 billion. He then floated a hypothesis and hedged it in the same breath: “I would have thought they could have raised the same amount in the US. But maybe we’ve saturated.”
That question is worth taking seriously if you own Amazon, because how the company pays for its AI buildout is starting to matter as much as the buildout itself. Someone has to power, cool, and network all that spending, and we pulled together seven of the suppliers doing exactly that in a free AI infrastructure report.
Why Amazon Went Shopping in London Amazon’s capital spending has reached a level where every source of funding counts. Second-quarter cash capital expenditures came in at $53.1 billion, and CFO Brian Olsavsky said the money “primarily relates to AWS and generative AI as we invest to support strong customer demand.”
Long-term debt has grown to match. It rose from $65.6 billion to $119.1 billion year over year, while total liabilities expanded 56% to $544.07 billion. Trailing free cash flow turned negative at -$7.6 billion.
The dollar backdrop has also stiffened. The 10-year Treasury yield closed at 4.8% on September 8, the highest reading in the supplied series, up from 4.04% a year earlier.
On the July 30 call, Olsavsky said, “You’ve seen us issue debt this year. We have a lot of options available to us as we continue to fund this growth that we’re seeing in AWS.” The London deal is one of those options being used in size.
What a Spread Over Gilts Actually Tells You A gilt is a bond issued by the UK government, and it plays the same benchmark role in London that a Treasury does in New York. When a corporate issuer prices in sterling, its yield is quoted as a spread over the equivalent-maturity gilt, and that spread reflects credit risk.
Jim Cramer said the Amazon bonds were expected to trade around 55 basis points over gilts, calling that “not bad.” A basis point is one hundredth of a percentage point, so 55 basis points is roughly half a percent of extra yield above the government curve.
That is a tight spread for a corporate deal of this size, and the order book Cramer described supports the view that pricing was well set. Almost three times coverage on a GBP 4.25 billion offering is a lot of demand chasing a fixed pool of paper.
What the spread does not prove, by itself, is that Amazon could not have raised the same money in dollars. Cramer said as much when he floated the saturation idea and then qualified it. Strong sterling demand is evidence about the sterling market and should be treated as such.
Alphabet and Microsoft Are Paying for the Same Buildout Differently Cramer noted Amazon is following Alphabet (NASDAQ:GOOGL) into the sterling market, and that two mega-cap borrowers going abroad in sequence makes the pattern worth watching. Alphabet’s capex reached $44.92 billion in the second quarter, up 100% year over year.
Alphabet funded that spend with a mix that included $49.6 billion in net equity, a $40 billion at-the-market program, and $20.3 billion in senior unsecured notes, and its long-term debt jumped from $46.5 billion to $98.2 billion. Google Cloud backlog sat above $460 billion, giving the debt something to chase.
Microsoft (NASDAQ:MSFT) is taking a different route. Full-year fiscal 2026 capex hit $115.95 billion, with guidance shifting to approximately $175 billion after a move from finance to operating leases.
CFO Amy Hood emphasized flexibility, saying, “The investment into land and data center builds is actually quite flexible.” Each company is paying for capacity years ahead of revenue with a different financing mix.
Where AMZN Stock Sits Amazon trades at $252.40 as of September 9, down 9.24% over the past month and up 9.35% year to date. Market cap sits near $2.72 trillion on a P/E of about 35x.
The bull case rests on AWS growth of 36.7% year over year and a $496 billion backlog. CEO Andy Jassy said the servers “have a useful life of at least five to six years, and most of our AI capacity these days is being contracted for at least five-year terms.”
The bear case is that debt-funded capex compounds interest expense while free cash flow is already negative, and every basis point on the marginal bond becomes a real drag on equity returns.
On balance, the AWS contract book and the reception in London argue that the buildout is being financed on acceptable terms today. The question for investors is whether they are willing to sit through the free-cash-flow trough until the data centers come online and start earning back their capital.
Contact [email protected] for any questions or corrections.
Arrowroot Family Office LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,098 shares of the e-commerce giant’s stock, valued at approximately $1,692,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Amazon.com during the fourth quarter worth $32,868,735,000. Auto Owners Insurance Co grew its holdings in shares of Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after buying an additional 98,090,585 shares during the last quarter. J. Stern & Co. LLP grew its holdings in shares of Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after buying an additional 87,557,736 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com during the second quarter worth about $16,341,405,000. Finally, Nuveen LLC bought a new stake in shares of Amazon.com during the first quarter worth about $11,674,091,000. Institutional investors own 72.20% of the company’s stock.
Analysts Set New Price Targets AMZN has been the topic of a number of analyst reports. Pivotal Research restated a “buy” rating and issued a $333.00 target price (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. HSBC reiterated a “buy” rating and set a $310.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Evercore set a $355.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Friday, August 28th. Wolfe Research restated an “outperform” rating and issued a $315.00 target price on shares of Amazon.com in a report on Friday, July 31st. Finally, Barclays reaffirmed an “overweight” rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.26.
View Our Latest Report on Amazon.com Amazon.com News Summary Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Major AI-chip supply agreement: Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems. The arrangement could involve up to $60 billion of AWS purchases through 2036, helping Amazon diversify beyond Nvidia and potentially reduce AI computing costs. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Positive Sentiment: Expansion of AI and data-center capacity: Amazon and manufacturing partner Wiwynn plan to invest $1.6 billion in Texas, adding nearly 1,000 advanced-manufacturing jobs. Amazon is also raising £4.25 billion through its first sterling bond sale to help fund AI infrastructure and data-center expansion. AMZN And Wiwynn Are Scaling Up in Texas Positive Sentiment: New growth opportunities: AT&T became the first major U.S. telecom customer for Amazon Leo satellite broadband, while Amazon ordered six additional Ariane 6 launches. These developments support Amazon’s efforts to build businesses beyond e-commerce and AWS. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer Neutral Sentiment: Board strengthened with cybersecurity expertise: Amazon appointed Kevin Mandia, Mandiant’s founder and former CEO, to its board. The appointment adds security experience as Amazon expands cloud, AI and satellite operations. Amazon adds cybersecurity veteran Kevin Mandia to board Negative Sentiment: Investor concern over spending and leverage: Amazon’s projected roughly $220 billion of 2026 capital expenditures and negative free cash flow are raising questions about whether AI returns will justify the buildout. The sterling bond sale expands financing capacity but also highlights the company’s reliance on debt markets. Amazon starts selling first sterling bonds Negative Sentiment: Regulatory and legal risks remain: States including Ohio may reduce data-center tax incentives, potentially increasing infrastructure costs. Amazon also faces a proposed class-action lawsuit alleging discrimination against pregnant warehouse workers, while investigators continue examining a fatal Prime Air cargo-plane crash. Amazon, Google and Meta Face Pushback Over Data Center Tax Breaks Amazon.com Trading Down 1.8% NASDAQ:AMZN opened at $252.40 on Thursday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The firm has a 50-day moving average price of $255.09 and a two-hundred day moving average price of $243.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The firm has a market cap of $2.72 trillion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.44.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.
Insider Buying and Selling at Amazon.com In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $254.77, for a total value of $254,770.00. Following the completion of the transaction, the chief executive officer owned 475,681 shares of the company’s stock, valued at $121,189,248.37. This trade represents a 0.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,568,785 in the last ninety days. 8.90% of the stock is owned by corporate insiders.
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Read More Five stocks we like better than Amazon.com Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 68,563,416 shares of the e-commerce giant’s stock, valued at approximately $16,341,405,000. Amazon.com makes up about 2.7% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 4th biggest position. Bank of New York Mellon Corp owned approximately 0.64% of Amazon.com as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gryphon Financial Partners LLC boosted its holdings in Amazon.com by 7.5% in the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after acquiring an additional 5,125 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after acquiring an additional 5,104 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Amazon.com during the second quarter valued at approximately $2,261,000. Narwhal Capital Management raised its position in shares of Amazon.com by 2.3% during the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock worth $49,997,000 after purchasing an additional 4,854 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Amazon.com by 21.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock worth $5,690,463,000 after purchasing an additional 4,275,942 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Trading Down 1.8% NASDAQ AMZN opened at $252.40 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $255.09 and a 200 day simple moving average of $243.74. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The firm has a market capitalization of $2.72 trillion, a P/E ratio of 20.31, a PEG ratio of 1.98 and a beta of 1.44.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm earned $1.68 EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year. Analyst Ratings Changes Several research firms recently issued reports on AMZN. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a research report on Friday, July 31st. HSBC restated a “buy” rating and set a $310.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Rosenblatt Securities assumed coverage on shares of Amazon.com in a research note on Thursday, August 20th. They issued a “buy” rating and a $335.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.26.
View Our Latest Report on Amazon.com
Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Major AI-chip supply agreement: Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems. The arrangement could involve up to $60 billion of AWS purchases through 2036, helping Amazon diversify beyond Nvidia and potentially reduce AI computing costs. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Positive Sentiment: Expansion of AI and data-center capacity: Amazon and manufacturing partner Wiwynn plan to invest $1.6 billion in Texas, adding nearly 1,000 advanced-manufacturing jobs. Amazon is also raising £4.25 billion through its first sterling bond sale to help fund AI infrastructure and data-center expansion. AMZN And Wiwynn Are Scaling Up in Texas Positive Sentiment: New growth opportunities: AT&T became the first major U.S. telecom customer for Amazon Leo satellite broadband, while Amazon ordered six additional Ariane 6 launches. These developments support Amazon’s efforts to build businesses beyond e-commerce and AWS. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer Neutral Sentiment: Board strengthened with cybersecurity expertise: Amazon appointed Kevin Mandia, Mandiant’s founder and former CEO, to its board. The appointment adds security experience as Amazon expands cloud, AI and satellite operations. Amazon adds cybersecurity veteran Kevin Mandia to board Negative Sentiment: Investor concern over spending and leverage: Amazon’s projected roughly $220 billion of 2026 capital expenditures and negative free cash flow are raising questions about whether AI returns will justify the buildout. The sterling bond sale expands financing capacity but also highlights the company’s reliance on debt markets. Amazon starts selling first sterling bonds Negative Sentiment: Regulatory and legal risks remain: States including Ohio may reduce data-center tax incentives, potentially increasing infrastructure costs. Amazon also faces a proposed class-action lawsuit alleging discrimination against pregnant warehouse workers, while investigators continue examining a fatal Prime Air cargo-plane crash. Amazon, Google and Meta Face Pushback Over Data Center Tax Breaks Insider Activity at Amazon.com In related news, CEO Matthew S. Garman sold 14,541 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,568,785 over the last three months. Insiders own 8.90% of the company’s stock.
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
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Frontier Asset Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,679 shares of the e-commerce giant’s stock, valued at approximately $877,000. Amazon.com comprises approximately 0.2% of Frontier Asset Management LLC’s holdings, making the stock its 27th biggest holding.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Trust Asset Management LLC grew its position in shares of Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after purchasing an additional 3,414 shares during the last quarter. MilWealth Group LLC increased its stake in shares of Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares during the period. Lifetime Wealth Management P.C. acquired a new stake in Amazon.com during the 4th quarter worth approximately $45,000. Elkhorn Partners Limited Partnership lifted its holdings in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 180 shares during the last quarter. Finally, Fairway Wealth LLC boosted its stake in Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 108 shares during the period. Institutional investors own 72.20% of the company’s stock.
Insider Activity In other news, CEO Matthew Garman sold 14,541 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 71,589 shares of company stock valued at $18,568,785. Corporate insiders own 8.90% of the company’s stock.
Amazon.com Trading Down 1.8% Shares of AMZN stock opened at $252.40 on Thursday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock’s fifty day moving average price is $255.09 and its two-hundred day moving average price is $243.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market cap of $2.72 trillion, a PE ratio of 20.31, a P/E/G ratio of 1.98 and a beta of 1.44. Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 EPS. Equities analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth A number of research analysts have commented on the company. Wedbush upped their price objective on Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $390.00 price target (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 3rd. Finally, Arete Research raised their price target on shares of Amazon.com from $301.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.26.
View Our Latest Analysis on AMZN
Key Headlines Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Major AI-chip supply agreement: Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems. The arrangement could involve up to $60 billion of AWS purchases through 2036, helping Amazon diversify beyond Nvidia and potentially reduce AI computing costs. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Positive Sentiment: Expansion of AI and data-center capacity: Amazon and manufacturing partner Wiwynn plan to invest $1.6 billion in Texas, adding nearly 1,000 advanced-manufacturing jobs. Amazon is also raising £4.25 billion through its first sterling bond sale to help fund AI infrastructure and data-center expansion. AMZN And Wiwynn Are Scaling Up in Texas Positive Sentiment: New growth opportunities: AT&T became the first major U.S. telecom customer for Amazon Leo satellite broadband, while Amazon ordered six additional Ariane 6 launches. These developments support Amazon’s efforts to build businesses beyond e-commerce and AWS. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer Neutral Sentiment: Board strengthened with cybersecurity expertise: Amazon appointed Kevin Mandia, Mandiant’s founder and former CEO, to its board. The appointment adds security experience as Amazon expands cloud, AI and satellite operations. Amazon adds cybersecurity veteran Kevin Mandia to board Negative Sentiment: Investor concern over spending and leverage: Amazon’s projected roughly $220 billion of 2026 capital expenditures and negative free cash flow are raising questions about whether AI returns will justify the buildout. The sterling bond sale expands financing capacity but also highlights the company’s reliance on debt markets. Amazon starts selling first sterling bonds Negative Sentiment: Regulatory and legal risks remain: States including Ohio may reduce data-center tax incentives, potentially increasing infrastructure costs. Amazon also faces a proposed class-action lawsuit alleging discrimination against pregnant warehouse workers, while investigators continue examining a fatal Prime Air cargo-plane crash. Amazon, Google and Meta Face Pushback Over Data Center Tax Breaks Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
See Also Five stocks we like better than Amazon.com Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Centric Wealth Management purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 22,987 shares of the e-commerce giant’s stock, valued at approximately $6,254,000. Amazon.com makes up 1.0% of Centric Wealth Management’s portfolio, making the stock its 25th biggest holding.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Red Crane Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.3% in the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock valued at $346,000 after purchasing an additional 38 shares during the last quarter. Robinson Smith Wealth Advisors LLC grew its stake in Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after buying an additional 40 shares during the last quarter. Sfam LLC increased its position in Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock worth $255,000 after buying an additional 40 shares during the period. Measured Risk Portfolios Inc. increased its position in Amazon.com by 3.4% during the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after buying an additional 40 shares during the period. Finally, CoreFirst Bank & Trust lifted its stake in Amazon.com by 1.1% in the first quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock valued at $754,000 after buying an additional 40 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Performance NASDAQ:AMZN opened at $252.40 on Thursday. The firm’s fifty day moving average price is $255.09 and its 200 day moving average price is $243.74. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a market cap of $2.72 trillion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.44.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. Amazon.com’s quarterly revenue was up 19.6% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current year. Key Stories Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Major AI-chip supply agreement: Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems. The arrangement could involve up to $60 billion of AWS purchases through 2036, helping Amazon diversify beyond Nvidia and potentially reduce AI computing costs. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Positive Sentiment: Expansion of AI and data-center capacity: Amazon and manufacturing partner Wiwynn plan to invest $1.6 billion in Texas, adding nearly 1,000 advanced-manufacturing jobs. Amazon is also raising £4.25 billion through its first sterling bond sale to help fund AI infrastructure and data-center expansion. AMZN And Wiwynn Are Scaling Up in Texas Positive Sentiment: New growth opportunities: AT&T became the first major U.S. telecom customer for Amazon Leo satellite broadband, while Amazon ordered six additional Ariane 6 launches. These developments support Amazon’s efforts to build businesses beyond e-commerce and AWS. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer Neutral Sentiment: Board strengthened with cybersecurity expertise: Amazon appointed Kevin Mandia, Mandiant’s founder and former CEO, to its board. The appointment adds security experience as Amazon expands cloud, AI and satellite operations. Amazon adds cybersecurity veteran Kevin Mandia to board Negative Sentiment: Investor concern over spending and leverage: Amazon’s projected roughly $220 billion of 2026 capital expenditures and negative free cash flow are raising questions about whether AI returns will justify the buildout. The sterling bond sale expands financing capacity but also highlights the company’s reliance on debt markets. Amazon starts selling first sterling bonds Negative Sentiment: Regulatory and legal risks remain: States including Ohio may reduce data-center tax incentives, potentially increasing infrastructure costs. Amazon also faces a proposed class-action lawsuit alleging discrimination against pregnant warehouse workers, while investigators continue examining a fatal Prime Air cargo-plane crash. Amazon, Google and Meta Face Pushback Over Data Center Tax Breaks Wall Street Analysts Forecast Growth Several research firms have recently weighed in on AMZN. Raymond James Financial reissued an “outperform” rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, July 31st. KeyCorp upped their price target on shares of Amazon.com from $335.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Rosenblatt Securities assumed coverage on shares of Amazon.com in a research note on Thursday, August 20th. They set a “buy” rating and a $335.00 price target for the company. Finally, Royal Bank Of Canada raised their price objective on shares of Amazon.com from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $323.26.
Check Out Our Latest Research Report on Amazon.com
Insider Buying and Selling at Amazon.com In related news, CEO Matthew Garman sold 14,541 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 71,589 shares of company stock valued at $18,568,785. Insiders own 8.90% of the company’s stock.
Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
See Also Five stocks we like better than Amazon.com Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
Focus Partners Advisor Solutions LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 191,666 shares of the e-commerce giant’s stock, valued at approximately $45,682,000. Amazon.com accounts for 0.4% of Focus Partners Advisor Solutions LLC’s portfolio, making the stock its 17th largest holding.
A number of other institutional investors have also recently made changes to their positions in AMZN. MilWealth Group LLC boosted its holdings in Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new stake in Amazon.com during the 4th quarter valued at $45,000. Elkhorn Partners Limited Partnership lifted its holdings in shares of Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 180 shares during the period. Fairway Wealth LLC lifted its holdings in shares of Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. boosted its stake in shares of Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
More Amazon.com News Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Major AI-chip supply agreement: Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems. The arrangement could involve up to $60 billion of AWS purchases through 2036, helping Amazon diversify beyond Nvidia and potentially reduce AI computing costs. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Positive Sentiment: Expansion of AI and data-center capacity: Amazon and manufacturing partner Wiwynn plan to invest $1.6 billion in Texas, adding nearly 1,000 advanced-manufacturing jobs. Amazon is also raising £4.25 billion through its first sterling bond sale to help fund AI infrastructure and data-center expansion. AMZN And Wiwynn Are Scaling Up in Texas Positive Sentiment: New growth opportunities: AT&T became the first major U.S. telecom customer for Amazon Leo satellite broadband, while Amazon ordered six additional Ariane 6 launches. These developments support Amazon’s efforts to build businesses beyond e-commerce and AWS. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer Neutral Sentiment: Board strengthened with cybersecurity expertise: Amazon appointed Kevin Mandia, Mandiant’s founder and former CEO, to its board. The appointment adds security experience as Amazon expands cloud, AI and satellite operations. Amazon adds cybersecurity veteran Kevin Mandia to board Negative Sentiment: Investor concern over spending and leverage: Amazon’s projected roughly $220 billion of 2026 capital expenditures and negative free cash flow are raising questions about whether AI returns will justify the buildout. The sterling bond sale expands financing capacity but also highlights the company’s reliance on debt markets. Amazon starts selling first sterling bonds Negative Sentiment: Regulatory and legal risks remain: States including Ohio may reduce data-center tax incentives, potentially increasing infrastructure costs. Amazon also faces a proposed class-action lawsuit alleging discrimination against pregnant warehouse workers, while investigators continue examining a fatal Prime Air cargo-plane crash. Amazon, Google and Meta Face Pushback Over Data Center Tax Breaks Insider Buying and Selling In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $31,024,217.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,568,785 in the last 90 days. 8.90% of the stock is owned by company insiders. Analyst Upgrades and Downgrades Several analysts recently commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $325.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Benchmark boosted their price target on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. KeyCorp upped their price target on shares of Amazon.com from $335.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $338.00 price objective (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $323.26.
View Our Latest Stock Report on Amazon.com
Amazon.com Trading Down 1.8% Shares of AMZN opened at $252.40 on Thursday. The firm has a market cap of $2.72 trillion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a 50 day simple moving average of $255.09 and a two-hundred day simple moving average of $243.74.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.
Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
See Also Five stocks we like better than Amazon.com Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
Amazon has ordered six additional launches from Europe's Arianespace as it builds out a satellite network to challenge SpaceX's Starlink, handing the continent's space industry a major commercial boost as governments push for greater sovereign capabilities.
The Amazon Leo order, announced Wednesday at the International Space Summit in Paris, takes the total number of launches booked with Arianespace to 24. The company's owner, ArianeGroup is a joint venture between Airbus and Safran.
Long-term commitments from companies like Amazon provide Europe with the capabilities needed to deploy critical space infrastructure, Arianespace CEO David Cavaillolès said in a statement Wednesday.
The deal comes as European governments increase spending on sovereign space capabilities and private companies, including German rocket maker Isar Aerospace and spacecraft startup The Exploration Company, raise hundreds of millions of euros to scale their businesses.
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But the summit also exposed some of the political divisions complicating those ambitions.
The event was co-hosted by France and Germany, but German Chancellor Friedrich Merz did not attend, nor did Italian Prime Minister Giorgia Meloni.
Meanwhile, U.S. space companies including SpaceX and Blue Origin reportedly withdrew after the Trump administration had discouraged companies from attending over concerns about the summit's European policy agenda.
Reuters reported that the U.S. Office of Science and Technology Policy held a call with companies and said attendance could suggest support for European policy positions the U.S. opposed, citing unnamed sources.
Starcloud CEO Philip Johnston told CNBC that it was a scheduling conflict and that non-attendance had nothing to do with the U.S. government. The U.S.-based space-tech company builds solar-powered data centers in space.
The White House did not respond to CNBC's request for comment on the reports. SpaceX and Blue Origin did not respond to requests for comment on the reasons for their withdrawals.
Europe races to scaleThe political tensions come as Europe's commercial space industry is gathering momentum.
German startup Isar Aerospace last week became the first commercial European company to successfully launch a rocket into orbit, deploying satellites on just its second flight.
The Exploration Company this week announced a $450 million Series C funding round, while Marlan Space and Loft Orbital announced a $1 billion investment to build a 50-satellite, AI-enabled constellation with partners including French AI firm Mistral.
"It's a technology boom as opposed to a technology bubble," Mark Boggett, CEO of space investment firm Seraphim Space, told CNBC last week.
Boggett said demand was being driven by areas including defense and resilience, artificial intelligence and space infrastructure, with SpaceX helping bring greater investor attention to the industry.
"The recent IPO of SpaceX is really the inflection point for this market really starting to take off," he said.
European space ventures attracted a record 1.5 billion euros ($1.75 billion) of private investment in 2024, up 56% from the previous year, according to the European Space Policy Institute. Overall investment slipped 8% to 1.4 billion euros in 2025, but venture capital funding rose 13% to 1.2 billion euros.
Europe's challenge is increasingly about scale.
Cavaillolès said Wednesday that Europe needs to increase its launch cadence, arguing that the war in Ukraine had turned space sovereignty from a largely political concept into a more urgent concern.
"You cannot win a war if you are not strong in space," he told the summit.
Isar Aerospace, which raised 270 million euros in June to scale production and expand its launch network, sees infrastructure as another obstacle.
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Chief Commercial Officer Stella Guillen told CNBC this week that Europe needs more launch sites and supporting infrastructure if its commercial space industry is to expand.
The political challenge is keeping those investments coordinated across the continent.
European Commissioner for Defence and Space Andrius Kubilius welcomed the additional investment but warned that it could undermine Europe's ambitions if countries used it to pursue national strategies at the expense of greater European coordination.
"We need to really spend a lot of our efforts to keep this unity on European level, to make our systems interoperable," Kubilius said Wednesday, arguing that greater coordination would be necessary for Europe to become more sovereign and independent in space.
180 GPS Investments IC Ltd bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 45,214 shares of the e-commerce giant’s stock, valued at approximately $10,776,000. Amazon.com accounts for approximately 8.0% of 180 GPS Investments IC Ltd’s portfolio, making the stock its 5th biggest position.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Trust Asset Management LLC grew its holdings in shares of Amazon.com by 3.3% during the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock worth $26,000 after buying an additional 3,414 shares during the last quarter. MilWealth Group LLC raised its stake in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new stake in Amazon.com during the 4th quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership lifted its position in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares during the period. Finally, Fairway Wealth LLC lifted its position in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider Activity In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,568,785 in the last 90 days. Insiders own 8.90% of the company’s stock.
Wall Street Analysts Forecast Growth Several equities research analysts recently weighed in on AMZN shares. KeyCorp increased their price target on Amazon.com from $335.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wedbush boosted their price objective on shares of Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Benchmark upped their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company restated an “overweight” rating and issued a $338.00 target price (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $375.00 price target (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $323.26. Read Our Latest Stock Report on Amazon.com
Amazon.com Stock Down 1.8% AMZN stock opened at $252.40 on Thursday. The company has a market cap of $2.72 trillion, a P/E ratio of 20.31, a P/E/G ratio of 1.98 and a beta of 1.44. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company’s 50-day moving average price is $255.09 and its 200 day moving average price is $243.74. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 EPS. On average, research analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.
Amazon.com News Roundup Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Major AI-chip supply agreement: Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems. The arrangement could involve up to $60 billion of AWS purchases through 2036, helping Amazon diversify beyond Nvidia and potentially reduce AI computing costs. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Positive Sentiment: Expansion of AI and data-center capacity: Amazon and manufacturing partner Wiwynn plan to invest $1.6 billion in Texas, adding nearly 1,000 advanced-manufacturing jobs. Amazon is also raising £4.25 billion through its first sterling bond sale to help fund AI infrastructure and data-center expansion. AMZN And Wiwynn Are Scaling Up in Texas Positive Sentiment: New growth opportunities: AT&T became the first major U.S. telecom customer for Amazon Leo satellite broadband, while Amazon ordered six additional Ariane 6 launches. These developments support Amazon’s efforts to build businesses beyond e-commerce and AWS. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer Neutral Sentiment: Board strengthened with cybersecurity expertise: Amazon appointed Kevin Mandia, Mandiant’s founder and former CEO, to its board. The appointment adds security experience as Amazon expands cloud, AI and satellite operations. Amazon adds cybersecurity veteran Kevin Mandia to board Negative Sentiment: Investor concern over spending and leverage: Amazon’s projected roughly $220 billion of 2026 capital expenditures and negative free cash flow are raising questions about whether AI returns will justify the buildout. The sterling bond sale expands financing capacity but also highlights the company’s reliance on debt markets. Amazon starts selling first sterling bonds Negative Sentiment: Regulatory and legal risks remain: States including Ohio may reduce data-center tax incentives, potentially increasing infrastructure costs. Amazon also faces a proposed class-action lawsuit alleging discrimination against pregnant warehouse workers, while investigators continue examining a fatal Prime Air cargo-plane crash. Amazon, Google and Meta Face Pushback Over Data Center Tax Breaks Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
See Also Five stocks we like better than Amazon.com Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
1ST Source Bank purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 81,817 shares of the e-commerce giant’s stock, valued at approximately $19,500,000. Amazon.com makes up 0.9% of 1ST Source Bank’s holdings, making the stock its 13th largest holding.
A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. MilWealth Group LLC raised its position in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after buying an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new stake in shares of Amazon.com in the 4th quarter valued at $45,000. Elkhorn Partners Limited Partnership increased its stake in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares during the period. Fairway Wealth LLC raised its holdings in shares of Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. raised its holdings in shares of Amazon.com by 87.7% during the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insiders Place Their Bets In other Amazon.com news, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at $28,427,674.17. The trade was a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares of the company’s stock, valued at $123,465,145.81. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth Several research firms have commented on AMZN. TD Cowen reaffirmed a “buy” rating and issued a $350.00 price target (up from $340.00) on shares of Amazon.com in a report on Friday, July 31st. Benchmark lifted their price objective on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 3rd. DA Davidson restated a “neutral” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.26. Get Our Latest Analysis on AMZN
Amazon.com Trading Down 1.8% Shares of AMZN stock opened at $252.40 on Thursday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company has a market cap of $2.72 trillion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $255.09 and a 200-day simple moving average of $243.74.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.
Key Headlines Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Major AI-chip supply agreement: Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems. The arrangement could involve up to $60 billion of AWS purchases through 2036, helping Amazon diversify beyond Nvidia and potentially reduce AI computing costs. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Positive Sentiment: Expansion of AI and data-center capacity: Amazon and manufacturing partner Wiwynn plan to invest $1.6 billion in Texas, adding nearly 1,000 advanced-manufacturing jobs. Amazon is also raising £4.25 billion through its first sterling bond sale to help fund AI infrastructure and data-center expansion. AMZN And Wiwynn Are Scaling Up in Texas Positive Sentiment: New growth opportunities: AT&T became the first major U.S. telecom customer for Amazon Leo satellite broadband, while Amazon ordered six additional Ariane 6 launches. These developments support Amazon’s efforts to build businesses beyond e-commerce and AWS. AT&T Becomes Amazon’s First Major Satellite Broadband Telecom Customer Neutral Sentiment: Board strengthened with cybersecurity expertise: Amazon appointed Kevin Mandia, Mandiant’s founder and former CEO, to its board. The appointment adds security experience as Amazon expands cloud, AI and satellite operations. Amazon adds cybersecurity veteran Kevin Mandia to board Negative Sentiment: Investor concern over spending and leverage: Amazon’s projected roughly $220 billion of 2026 capital expenditures and negative free cash flow are raising questions about whether AI returns will justify the buildout. The sterling bond sale expands financing capacity but also highlights the company’s reliance on debt markets. Amazon starts selling first sterling bonds Negative Sentiment: Regulatory and legal risks remain: States including Ohio may reduce data-center tax incentives, potentially increasing infrastructure costs. Amazon also faces a proposed class-action lawsuit alleging discrimination against pregnant warehouse workers, while investigators continue examining a fatal Prime Air cargo-plane crash. Amazon, Google and Meta Face Pushback Over Data Center Tax Breaks About Amazon.com (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Featured Stories Five stocks we like better than Amazon.com Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Rania Zheng went all in on her wellness-travel business after being laid off by Amazon. Rania Zheng This as-told-to essay is based on a conversation with Rania Zheng, a 34-year-old former senior technical product manager at Amazon living in Bellevue, Washington. Zheng was laid off from Amazon in October 2025 and now runs her own wellness-travel business. The following has been edited for length and clarity.
When I learned last October that I was being laid off from Amazon after nearly six years, I was surprised. However, it didn't feel like the end of the world.
Layoffs had become common across the tech industry. I'd heard stories from friends who had been impacted at other companies. I also didn't feel like I was being targeted or that the decision was about my performance.
My official separation from the company only took effect in January, so I had time to pause and think about what I wanted at this stage of my life.
I could look for another job. Or, instead, I could spend more time on the side project I'd already started while working at Amazon. Losing my job gave me a push to see whether I could focus full-time on turning that early idea into an actual business.
Former Amazon employee shares how return-to-office policy impacted caregivers
I enjoyed my work at Amazon, but struggled to relaxI joined Amazon in 2020 as a business intelligence engineer, shortly before the pandemic began. About a year later, I was promoted to a senior engineer.
I'd taken product management classes at the University of Washington and let my managers know I wanted to explore more work in that area. They were supportive, and in 2022, I transitioned into a senior product manager role.
Overall, my experience at Amazon was very positive. I felt like I could continue challenging myself and exploring what I wanted to do.
However, as a woman in a competitive workplace, it could be hard to balance work, my husband, my children, and the invisible mental load. People would tell me that I should relax more, but I didn't really know how.
My interest in wellness became a side hustleMy efforts to relax more eventually led me to explore holistic wellness, including traditional Chinese medicine, tea practices, and Qigong. I found it very helpful, and thought more people should know about them.
So, early last year, I cofounded my wellness-travel business, Puyu Retreat, which offers curated trips of roughly five to seven days in China. Depending on the destination, the trips cover different wellness themes.
One trip, for example, focuses on tea and traditional Chinese medicine, while another destination focuses more on creative mindfulness.
At first, the business was more of an idea I was testing with my cofounder, who is based in China. I mostly worked on things like our social media posts about our destinations and the cultural side of the business. I spent around two to three hours a week on the business alongside my Amazon job.
My layoff gave me more time to turn the idea into an actual businessOur first retreat ran in November 2025 — the month after I was laid off.
We've since run some tours, are generating revenue, and the business is growing steadily. Our Instagram account has grown to over 20,000 followers. My cofounder and a founding member now lead our operations on the ground in China. Overall, I'm optimistic about our progress.
Still, I'm not paying myself from the business yet. We're not yet profitable, and we're reinvesting everything into the trips themselves. Each retreat is designed for a small group and is hand-curated, so a significant amount of time and attention goes into each one. Our next focus is on growing in the US market.
Rania Zheng's wellness-travel business offers small-group retreats in China. Rania Zheng One of the reasons I felt comfortable pursuing the business is that my husband works, we have savings to fall back on, and our family isn't spending a lot right now. That gives us some financial runway, but I know this might not make sense forever.
When I decided to focus more seriously on the business, I gave myself roughly a year from when I was laid off to see whether it kept showing promise. If not, I could consider returning to the job market.
As the one-year mark gets closer, I find myself more and more drawn to work that leans into my strengths, such as creativity, sharp business instinct, and translating data into actionable insights.
Building the business draws on all of these skills, but I know other roles could as well. While I'm not actively looking for work right now, I've kept an eye on the market. I wouldn't rule out interviewing if the right opportunity came along and aligned with what I do best.
I still have stress, but it feels different nowWhen I started exploring wellness practices, my goal was to relax more. Since leaving Amazon, building a wellness business has been stressful in its own ways — but when you're working on something you genuinely care about, that changes the quality of the stress.
Working on the business has also helped me keep up with my wellness practices because I have to practice what I'm selling. I've gotten deeper into traditional Chinese medicine and have really come to appreciate its holistic view of health.
Overall, I'm focused on building a balance between work and life that actually holds.
One of the biggest things I've learned about building a business is not to build in silence. There are a lot of ways to validate whether your idea is promising; you can talk to people you trust, share on social media, and see whether people respond.
I'd also tell people who've been laid off not to take it personally. A layoff isn't the end of the story, and everything you accumulated in your previous roles is still valuable.
I appreciate all the experience I gained in product analytics, business intelligence, and product management. It taught me about technology, how to scale, and how to prioritize things.
Those skills don't disappear after a layoff. They can help you figure out what comes next.
Do you have a story to share? Reach out to the reporter via email at [email protected], or via Signal at jzinkula.29.
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Jacob Zinkula You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Jacob Zinkula is a senior economy reporter with Business Insider. He joined in 2022 and covers the job market, the tech industry, and careers.Before joining Business Insider, Jacob earned a Master’s in Business & Economic Reporting from Columbia University. Prior to graduate school, he worked as a credit analyst. He graduated from the University of Notre Dame with a bachelor’s degree in Finance and a minor in Journalism.
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Dave Ramsey told retirees to ditch bonds on live radio, and a close look at the actual Treasury yields and withdrawal math reveals whether that advice is reckless or overdue.
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On the September 9, 2026 episode of The Ramsey Show, titled Short-Term Pain, Long-Term Peace, Dave Ramsey took a wrecking ball to the age-based glide path that most target-date funds and financial planners still recommend. His line: “If you follow conventional wisdom on the average diet in America, you will be obese. If you follow conventional wisdom on the proper way to be married, you won’t be long. Conventional wisdom isn’t wise.” He was talking specifically about the standard rule that retirees should shift heavily into bonds.
The stakes for a 65-year-old are concrete. A $1 million portfolio moved from stocks into an aggregate bond fund at the start of 2026 would be worth less today than it was on January 1, before a single withdrawal. That is the risk of following a rule that treats bonds as automatically “safe.”
Scoring the Claim: Two Numbers Right, One Number Off Ramsey backed his argument with live figures: “Year to date the S&P is up 12%. You know what the bond market has averaged since the beginning of the year? Less than 1%.” Both check out, and the bond number is actually worse than he described. SPY, which tracks the S&P 500, is up about 12% year to date. The iShares Core U.S. Aggregate Bond ETF (AGG) is down 0.51% year to date on a dividend-adjusted basis, even after roughly $2.64 per share in monthly distributions paid in 2026. Coupon income did not outrun price declines.
His inflation figure is the miss. Ramsey told listeners, “If you don’t make 4.2% on your money, the inflation rate, you are going backward in real purchasing power. If you need to pay taxes, you need a little over 6% just to break even.” The BLS Consumer Price Index for All Urban Consumers rose about 3.4% year over year in July 2026, not 4.2%. The real hurdle rate is lower than he claimed, which weakens his numeric framing but does not rescue bonds.
Verdict: He Is Right on the Bigger Point Here is the actual math a retiree faces today. The 10-year Treasury yields 4.8% and the 30-year yields 5.25% as of September 8, 2026. On an inflation-protected basis, the 10-year TIPS yields 2.43% and the 30-year TIPS yields 2.96%. That is your real, after-inflation return on the safest instruments the U.S. government sells, before taxes.
Now run the retirement math. A 65-year-old with $1 million and a 4% initial withdrawal takes $40,000 in year one. If the portfolio earns a real 2.4% and you withdraw 4%, principal shrinks every year in real terms. That is the sequence-of-returns risk retirees are told bonds solve. Bonds do smooth volatility. They do not solve the arithmetic that a real 2.4% yield cannot support a 4% real withdrawal for 30 years (we made the full case against the classic 4% rule, and what to run instead, in a free report).
Equities carry the opposite problem: real volatility, real long-run return. Apple (NASDAQ:AAPL | AAPL Price Prediction) has returned 32% over the past year and 109% over five years. Amazon (NASDAQ:AMZN) has returned 7% over the past year and 45% over five years. Apple pays a 0.3% dividend yield and authorized a $100 billion buyback in Q2 2026. Amazon pays no dividend. Neither is a bond substitute for a household that needs cash next month. Both are the reason a 65-year-old with a 25-to-30-year horizon cannot afford to be entirely out of equities.
Key Variable: How Many Years of Spending You Hold in Cash The single factor that decides whether Ramsey’s advice helps or hurts you is your cash bucket. If a retiree holds two to three years of spending in T-bills yielding 3.94% at three months or 4.15% at one year, they can leave the rest in equities and ride out an average bear market without selling stocks at a loss. If a retiree has no cash cushion and needs to sell shares in a down year to eat, an all-equity allocation is genuinely dangerous.
Two scenarios: A 68-year-old with $800,000 and $60,000 in a money-market fund can survive a 30% equity drawdown. A 68-year-old with $800,000 all in stocks and $2,000 in checking cannot. The right answer is a spending reserve, not a bond glide path.
Do This Before Your Next Rebalance Calculate your annual withdrawal in dollars. Multiply by two or three. That is your target cash-and-T-bill bucket, funded from current bond allocations. Compare your bond fund’s yield to the 2.43% real 10-year TIPS yield. If your fund yields less on an after-inflation basis, you are paying a manager to underperform the government. Check the 2027 Social Security COLA, currently tracking 3.1%, against your portfolio’s real return. Guaranteed income indexed to inflation is the bond substitute most retirees ignore. Model a 30% equity drawdown in year one of retirement. If you cannot pay the mortgage, the allocation is wrong regardless of what any rule says. Ramsey’s inflation number was off by nearly a point. His core argument, that dumping a retiree wholesale into bonds is a math problem disguised as prudence, is supported by every yield on the current Treasury curve.
Data Sources Ramsey Show, Short-Term Pain, Long-Term Peace (Sept 9, 2026): source of the primary quote, the S&P and bond return claims, and the 4.2% inflation figure fact-checked in this article. Contact [email protected] for any questions or corrections.
Amazon’s nearly $40 billion data-centre buildout in Ohio is facing a new risk as lawmakers reconsider tax breaks that helped turn the state into a major cloud-computing hub.
The immediate numbers are unlikely to threaten Amazon’s balance sheet, but the bigger issue is what happens to the economics of its AI expansion if states begin asking Big Tech to pay more.
AMZN expects roughly $220 billion of cash capital expenditure in 2026 as AWS races to add capacity.
With Wall Street focused on returns, Ohio is becoming an important test case.
Amazon has invested nearly $40 billion in Ohio data centres since 2015, and paid almost $11 million in property taxes and fees last year.
That figure is cumulative infrastructure investment, not $40 billion spent solely on AI.
Ohio’s sales-tax exemption for data-centre equipment cost the state more than $1.5 billion in 2025, versus an earlier estimate of about $136 million.
Governor Mike DeWine paused new exemption requests in May while lawmakers review the programme.
Some legislators want the break repealed, while bipartisan proposals would require data centres to shoulder more grid-upgrade costs created by their electricity demand.
Morgan Stanley’s Ariana Salvatore said on the firm’s Thoughts on the Market podcast that “the biggest debate far and away is on data center pushback,” identifying Ohio among states where development could become more conditional.
Second-quarter AWS revenue rose 37% to $42.2 billion, its fastest growth in 18 quarters. Amazon also said its AI business exceeded a $25 billion annual revenue run rate and was growing at triple-digit rates.
Amazon has said investments in servers and networking can pay back in less than three years, while data centres can operate for more than three decades.
That is why Ohio matters. Sales-tax relief, power infrastructure and construction costs sit underneath those returns.
Mawer Investment Management analyst Irena Petkovic framed the broader risk: “You can be right, but still be wrong.”
Her point was that AI adoption can be enormous while investor returns disappoint if pricing, margins or financing move against infrastructure owners.
As per reports, more than 10 states are reconsidering similar data-centre incentives as electricity, water use and infrastructure costs become political issues.
Amazon is already financing an extraordinary buildout. On Wednesday, it raised £4.25 billion, or about $5.76 billion, in its first sterling bond sale.
Hyperscalers have issued more than $200 billion of debt this year.
That does not mean Amazon’s balance sheet is under strain. Each additional tax, grid contribution or financing cost still raises the return hurdle on new capacity.
D.A. Davidson analyst Gil Luria has warned against extrapolating AWS’s growth indefinitely.
Discussing forecasts that AWS could reach $1 trillion in annual revenue, he told MarketWatch such estimates were “bold speculation” and projecting today’s growth far into the future was “more than ambitious”.
Luria was not commenting on Ohio, but his caution matters, as AWS is growing rapidly, and Amazon says it cannot build capacity fast enough to satisfy demand.
Ohio does not change that overnight, but it changes the economics at the margin.
For three years, a homeowner pocketed hourly fees from strangers swimming in her backyard pool, trusting a platform's million-dollar liability promise. A Facebook group stopped her from finding out the hard way what that promise actually covers when someone gets…
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A Winston-Salem woman called into a nationally syndicated money show this morning to share a nightmare she barely dodged. For about three years, she had been renting her backyard swimming pool by the hour through an app, comforted by the platform’s $1 million liability policy million liability policy. A Facebook group tipped her off that the coverage was secondary to her homeowner’s insurance, and her homeowner’s policy explicitly bans running a business from the home. The host’s reaction on the Ramsey Show’s “Short-Term Pain, Long-Term Peace” episode was blunt: “The first thing that popped into my head was, somebody’s going to sue your butt.”
Why the Pool-Rental Trap Snares So Many Side Hustlers Peer-to-peer apps for pools, driveways, RVs, backyards, and home gyms have exploded because the pitch is irresistible: monetize what you already own. The caller said the seed for her hustle came from advice to look at what assets you already own. What the marketing pages downplay is that the platform’s headline liability number almost always sits behind your personal policy, and your personal policy almost always excludes commercial activity.
Here is the compact picture of the situation:
Activity: Renting a residential backyard pool by the hour during the roughly three months out of the year swim season, booked through a peer-to-peer app. Duration uninsured: Roughly three years of paid guests entering the property with no compliant commercial liability coverage in place. Assumed coverage: The platform’s advertised $1 million liability policy, which the fine print structures as secondary to the host’s own homeowner’s insurance. Real exposure: A homeowner’s policy voidable the moment a claim is tied to business use, leaving the house, vehicles, and future wages exposed to a plaintiff’s judgment. A single drowning, slip, or diving injury can generate a seven-figure judgment. If the homeowner’s carrier denies the claim because you violated the business-use exclusion, the platform’s secondary policy has nothing to sit behind, and the plaintiff’s attorney comes for the house, the car, and future wages.
Insurance Math That Kills the Side Hustle Outright The single financial reality here is simple: premium cost versus rental income. The caller went to Xander, the Ramsey-endorsed insurance broker, looking for standalone commercial coverage. The answer: “Nobody’s doing that. Not for a pool.” The one quote she did get ran about four times her homeowner’s premium, which was more than she was clearing on the app.
Round it out with napkin math. If a homeowner’s premium runs $1,800 a year, a compliant standalone policy runs somewhere around $7,200. A pool renting three months out of the year for $40 an hour, booked ten hours a week, grosses roughly $4,800 before app fees and cleaning. The insurance alone eats the revenue, and you still have not paid for chemicals, higher water bills, or income tax on the gross.
That is why the host framed the outcome as dodging a bullet. Two days earlier, on September 7, a rival money show’s account warned Labor Day side-hustle hopefuls to ignore social media hype and ask working operators what they are actually clearing after costs. This story is the case study.
Three Paths Anyone Renting an Asset Should Weigh Quit the hustle and redirect the effort. If the only compliant insurance costs more than the revenue, the business does not exist. Parking that same energy into an index fund, a dividend name like Apple (NASDAQ:AAPL | AAPL Price Prediction), or a large-cap compounder like Amazon (NASDAQ:AMZN) carries none of the premises-liability risk. Apple is up roughly 32% over the past year; Amazon is up about 7%. Both compound quietly in the background. Restructure the activity properly. Form an LLC, buy a true commercial general liability policy that pays from dollar one, add a $1M to $5M personal umbrella, and get a written commercial rider on the homeowner’s policy. This is the only path the host endorsed. It works when the venue can charge enough (event rentals, multi-hour parties, corporate bookings) to absorb four-figure annual premiums. Pick a lower-liability asset instead. Renting a driveway to a commuter, a storage shed, or camera gear carries a fraction of the injury exposure of an unsupervised pool. Same “monetize what you own” principle, dramatically smaller tail risk. What to Do Before Your Next Booking Pull your homeowner’s policy and search for the words “business,” “commercial,” and “rental.” If any of those activities are excluded, and they almost always are, you are one incident away from a denied claim. Call your own broker, not the app’s chat bot, and ask two questions: does my policy cover paid guests, and is the platform’s liability policy primary or secondary. If the answer is “excluded” and “secondary,” you have the same three-year blind spot the caller had.
The common, costly mistake is treating a platform’s headline coverage number as a shield. It is a backstop, and a backstop only works if the primary policy pays first. When the primary policy has a business exclusion, the backstop is decoration.
Contact [email protected] for any questions or corrections.
Amazon (AMZN -1.78%) and Alphabet (GOOG -2.09%) (GOOGL -2.28%) are the two biggest spenders in the data center space. For 2026, Amazon projects spending about $220 billion. Alphabet is slightly behind that, giving investors a range of $195 billion to $205 billion, but it has also raised its guidance every quarter in 2026, so the actual figure may be much higher than the midpoint of $200 billion. In all reality, these two have nearly a blank check to get as much computing capacity online as possible, but that's a massive chunk of money that could have been used for other purposes.
In fact, if Amazon and Alphabet decided to pay investors a one-time dividend using that money, Amazon shareholders could have received $20.41 per share, and Alphabet investors would have received $16.40 per share. That's a huge percentage of their stock price, but would that have made sense? Let's take a look.
Image source: Getty Images.
Cloud computing is a thriving industry Both Amazon and Alphabet have strong cloud computing businesses that require major investments to meet demand. At its core, cloud computing is just a rental business. When demand is high for renting, new capacity must be brought online, which isn't cheap. However, over the years, this investment pays off, often yielding many times the initial investment.
That's the same idea that dictates Amazon and Alphabet's spending on AI data centers, and as of right now, it appears to be paying off.
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During the second quarter, Amazon Web Services (AWS), Amazon's cloud computing platform, saw its revenue growth accelerate to 37% year over year. That's the best growth in nearly five years, and it's far from done. During Amazon's conference call, CEO Andy Jassy noted that they don't have enough computing capacity to meet demand in 2026. He predicts that this trend will likely continue into 2027, which is why they're already seeing 2028 demand as well.
Clearly, there's a ton of interest in more computing capacity, which helps justify Amazon's major spending.
Alphabet is growing even faster, with its Google Cloud revenue climbing 82% year over year. Google Cloud is a smaller business, with revenue totaling $24.8 billion in Q2 versus AWS' $42.2 billion, which allows it to grow at a faster pace given its smaller starting base. Another factor boosting Alphabet's cloud division is the sale of its custom AI chips, which can deliver better performance at lower cost than traditional graphics processing unit (GPU) computing when workloads are properly configured. Alphabet expects to sell a lot of these next year, and this will be another boost to Alphabet's growth rate for the foreseeable future, potentially allowing it to reach triple digits.
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Both companies are clearly growing at a rapid pace, justifying their investments, but does that make them good buys?
Amazon and Alphabet aren't cheap but are still solid buys Neither of these two is what I would consider a cheap stock, but rarely do the best companies in the market trade at a discount. Instead, I want to see how these companies are projected to grow over the next year and whether it's a price tag worth paying. If 2027 earnings projections are used, these two trade at a reasonable price tag, with Amazon trading at a forward price-to-earnings (P/E) ratio of 25 and Alphabet trading at a forward P/E of 23 at the time of this writing.
AMZN PE Ratio (Forward 1y) data by YCharts.
That means there's probably about a year's worth of growth baked into each stock's price tag, which isn't unreasonable given how fast these two are growing. While they won't be the market's best performers in the future, I think they will easily outperform the market, making them strong stock picks now.
In the latest trading session, Amazon (AMZN - Free Report) closed at $252.40, marking a -1.78% move from the previous day. This change lagged the S&P 500's 0.48% loss on the day. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.64%.
Prior to today's trading, shares of the online retailer had lost 5.62% was narrower than the Retail-Wholesale sector's loss of 6.98% and lagged the S&P 500's loss of 0.97%.
Analysts and investors alike will be keeping a close eye on the performance of Amazon in its upcoming earnings disclosure. In that report, analysts expect Amazon to post earnings of $2.03 per share. This would mark year-over-year growth of 4.1%. Meanwhile, the latest consensus estimate predicts the revenue to be $201.93 billion, indicating a 12.08% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.06 per share and a revenue of $829.39 billion, signifying shifts of +82.15% and +15.69%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Amazon. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Amazon is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Amazon is currently trading at a Forward P/E ratio of 19.68. This indicates a premium in contrast to its industry's Forward P/E of 16.66.
Also, we should mention that AMZN has a PEG ratio of 1.22. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. AMZN's industry had an average PEG ratio of 1.21 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 155, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
New Amazon board member Kevin Mandia is a cybersecurity veteran. (Photo via Amazon) Amazon named cybersecurity veteran Kevin Mandia to its board of directors, adding new security expertise a few months after former NSA director Keith Alexander stepped down.
Mandia founded Mandiant, the breach-investigation firm Google acquired for $5.4 billion in 2022, and remained at the search giant as a strategic advisor through July 2025, according to his LinkedIn profile. He now leads Armadin, an AI security startup he started last year.
Amazon said in its announcement that “cybersecurity is one of the most consequential risks and responsibilities organizations face today, and the threat landscape continues to evolve rapidly alongside advances in AI.”
Amazon added a cybersecurity specialist to its board in 2020, when it elected Alexander, who also led U.S. Cyber Command. Mandia comes from the other side of the field, with two decades spent investigating corporate breaches rather than defending government networks.
His appointment also puts an AI security entrepreneur on the board of a company whose cloud infrastructure underpins much of the internet. Armadin, founded in September 2025, uses AI to run attacks against corporate networks, probing defenses the way an intruder would.
The board’s Security Committee, which oversees Amazon’s cybersecurity policies and its response to significant cyber incidents, is now chaired by Dan Huttenlocher, dean of the MIT Schwarzman College of Computing. Mandia joins as a member, along with former Bridgewater co-CEO Jon Rubinstein.
Amazon also named Mandia to the board’s Audit Committee, according to a securities filing.
Mandia received 4,086 restricted stock units in connection with his election to the board, vesting in three equal annual installments beginning Nov. 15, 2027, the filing shows. The shares were worth about $1.03 million at Amazon’s closing price Wednesday.
The filing disclosed that his sister-in-law, Kristin Mandia, is an Amazon employee with an annual salary of $185,000. The company said her compensation is consistent with that of other employees at her level with similar responsibilities.
Amazon said Kevin Mandia, the founder and former CEO of cybersecurity company Mandiant, is joining its board of directors. Mandia sold the company to Google for $5.4 billion in 2022, and launched a new startup last year called Armadin.
Stocks fell for a second straight session on Wednesday as Treasury yields and crude oil prices climbed together. That's an uncomfortable pairing for anyone hoping that the Federal Reserve will leave rates alone next week.
The indexes trended down this morning. The Dow Jones Industrial Average (^DJI -0.61%) was down 0.8% as of 11:33 a.m. ET, with the Nasdaq Composite (^IXIC -0.53%) off 0.7% and the S&P 500 (^GSPC -0.36%) down 0.5%. Only five of the Dow's 30 stocks were higher, and not by much.
^SPX data by YCharts
The Treasury tripled its bond buyback, and yields rose anyway The Treasury Department said it will repurchase up to $6 billion of longer-dated government debt, tripling the usual operation. This is more than the "at least double" buyback rate that Secretary Scott Bessent promised on Aug. 19. The stated goal is to keep the bond market liquid, though everyone understands the real goal is to put a lid on yields.
The bond market was unimpressed. The 10-year yield climbed about 4 basis points to roughly 4.85%, and the 30-year yield rose above 5.3%. Some traders reportedly wanted $7 billion or $8 billion, so tripling the operation to $6 billion looked like a disappointment.
Oil isn't helping. Brent crude rose about 3.4% to $101.25, its first trip above $101 since July. The U.S. military destroyed five Iranian oil tankers on Tuesday. Goldman Sachs now calls $120 Brent "plausible" if the strikes continue.
Image source: Getty Images.
Then there's the day's most positive subplot. Meta Platforms (META +6.75%) rose 6.3% after rolling out Muse, a free AI assistant for U.S. users. This agentic AI platform acts autonomously rather than just answering questions. Besides giving Meta credit for offering a powerful new product, Wall Street immediately deemed it a threat to incumbent AI assistant providers. Google parent Alphabet's (GOOG -2.14%) (GOOGL -2.26%) stock fell 2.7%, and Amazon (AMZN -1.82%) took a 2.3% hit.
Together, Alphabet's two share classes reduced the Nasdaq Composite score by 0.39 percentage points. That's more damage than Meta's pop. Meanwhile, Apple (AAPL -0.23%) investors clearly had other things on their minds. The stock slipped 1.1% while new CEO John Ternus unveiled the first foldable iPhone.
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What to watch before next week's rate call Inflation numbers land in the next few days, right before the Fed meets on Sept. 15-16. Oil is up and yields are up, and the Fed is paying close attention to these data points.
The buyback is the lesson today. Treasury escalated its intervention twice in three weeks and yields rose on the news both times. The pressure is coming from economic fundamentals rather than the financial machinery of cash management. Federal debt passed $40 trillion the other week, tariffs are still filtering into prices, and the Iran war keeps energy expensive.
Wall Street trends are starting to reflect this reality. RBC strategist Lori Calvasina flagged rising odds of a 5% to 10% pullback this week, citing September seasonality, midterm elections, the Iran war, and the same rate anxiety everyone else is chewing on. The bearish catalysts are stacking up.
The Fed votes in six days. The bond market is already voting with its proverbial wallet.
Anders Bylund has positions in Alphabet and Amazon. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Meta Platforms. The Motley Fool has a disclosure policy.
Amazon (AMZN -1.82%) has been one of the greatest stocks to own in our generation. If you had invested $10,000 into Amazon's stock exactly 25 years ago and held on to it, your position would be worth over $6 million today. That's simply an incredible run, but what happened in the past is irrelevant. What matters to investors is the future.
What might a $10,000 investment in Amazon look like by the end of 2030? I can assure you it won't be worth $6 million, but I do think it will be worth a fair bit more than $10,000.
Image source: The Motley Fool.
Amazon's business is shifting Amazon rose over the past few decades to become one of the world's largest companies by building a sprawling e-commerce empire and the infrastructure necessary to deliver goods everywhere. It also developed a strong advertising platform, and has pushed its reach well beyond the borders of the U.S. and Canada. However, while e-commerce may be what got Amazon to where it is today, it won't be what takes it to new heights by 2030.
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Instead, its cloud computing wing, Amazon Web Services (AWS), will be what takes it higher. Cloud computing is having a moment right now, as an array of AI firms, longstanding clients, and organizations that need more computing capacity are seeing new AI workloads emerge, and computing power to handle these new jobs is relatively scarce. That's why Amazon is spending $220 billion on capital expenditures this year: To build new data centers to cater to the rising demand for accelerated computing power. These data centers will eventually become cash cows for Amazon, as the return on investment it makes from these buildings and the computing units inside them is impressive.
This is creating quite a business shift for Amazon, and it's far from over. During the second quarter, AWS' revenue rose 37% year over year, more than double the pace of its North American commerce segment, which grew by 16%, or its international business, which grew by 15%. Over time, this will lead to AWS accounting for an ever-larger share of Amazon's total revenue, but as of right now, it accounts for about 21%. However, AWS's operating margins are vastly superior to those of the commerce units, which is why that 21% of revenue produced 60% of the company's total operating income.
Over time, AWS will account for an even larger share of Amazon's total operating profits, and the impact of that should be a rising total profit margin, which should continue to push the stock higher. This could produce some incredible growth by the time 2030 arrives.
AWS will take Amazon to new heights It's hard to estimate a long-term growth rate for AWS since it's growing so fast right now, and will likely do so for the foreseeable future. If we estimate it will grow at an annualized rate of 30% between now and the end of 2030, that would give it revenue of $483 billion that year. If it maintains its 39% operating margin, that would result in operating profits of $190 billion. For reference, Amazon's total operating income over the past 12 months was $93.7 billion.
For the other business units, I'll project a 10% growth rate and a 7% operating margin. That leads to North American commerce contributing nearly $700 billion in revenue, but only producing $49 billion in operating income. The international unit's outlook is even less impressive, with $65 billion in revenue and $4.5 billion in operating income.
AMZN Operating Income (TTM) data by YCharts.
That's a total of $260 billion in operating income. Currently, Amazon trades at 29 times operating income. Even if that valuation ratio falls to 25 times operating income, that would result in a market cap of $6.5 trillion. Amazon's current market cap is $2.8 trillion at a $260 per share price tag. So, that indicates that Amazon could achieve a $600 per share price tag -- turning a $10,000 investment today into more than $23,000 by the end of 2030.
That potential for the stock to double in under five years based on conservative estimates is impressive, and I think it underscores exactly why Amazon is a top stock to buy right now.
A Charleston couple in full-time ministry brings home $6,630 a month and carries a mortgage payment that Dave Ramsey says is quietly draining their savings into nothing. His prescription took about ten seconds to deliver, and it has a Thanksgiving…
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On the September 9 episode of The Ramsey Show, Dave Ramsey told a Charleston, South Carolina couple in full-time ministry to put a for-sale sign in the yard this week. His instruction to caller Noah: “you need to get a sign in the yard this week, and it needs to be gone by Thanksgiving.” The couple earns $6,630 a month combined and carries a $2,962 mortgage payment. Every month, savings drop.
When Noah argued Charleston is an expensive market, Ramsey called it “absolute hogwash” and reminded him: “Charleston, South Carolina is not the most expensive market in the United States.”
Why Ramsey Is Right and the Math Is Brutal Ramsey’s rule of thumb is simple. Your total housing payment, including taxes, insurance, and HOA, should stay at or below 25% of monthly take-home pay on a 15-year fixed mortgage. Noah’s payment sits at roughly 45% of gross income, which is why the couple is burning through savings to cover the rest of life.
Run the ratio. At $6,630 monthly income, Ramsey’s 25% ceiling would put a housing payment near $1,658. Noah is paying $2,962. That gap, more than $1,300 a month, is the difference between building an emergency fund and slowly draining one. Retirement contributions, car repairs, and medical bills all get funded from cash reserves until cash reserves run out.
Ramsey put the same trap plainly on another call: “You bought a house you can’t afford. It’s taking all of your fun.” The arithmetic does not care about intentions, income source, or market timing.
Selling Into a Record Market With the Thinnest Buyer Pool in a Year The Case-Shiller National Home Price Index hit 336.7 in June 2026, its highest reading in the trailing year, up from 328.9 in September 2025. Existing home sales ran at a 4.06M annualized pace in July 2026, down 2% from June, and sitting in the 27th percentile of the trailing year. The data provider classifies that pace as soft.
Record prices, fewest buyers. That combination is why Ramsey gave 11 weeks rather than 2.
Cost to Sell: What Comes Off the Top Selling carries real costs. Standard realtor commissions run 5% to 6% of the sale price. Closing costs, transfer taxes, title fees, and prep repairs add another 1% to 3%. On a $400,000 sale, that is $24,000 to $36,000 off the top before Noah touches a dollar of equity.
The couple already lived the hidden-cost trap once. Their prior house was purchased cheaply, then required $30,000 in improvements before move-in and another $115,000 for mold remediation and plumbing repairs. That is the false economy of a low sticker price.
Income Ceiling Decides the Answer The single factor that determines whether selling is the right call is how fast household income can rise. For most callers Ramsey’s alternative is a second job or side income through platforms like Amazon (NASDAQ:AMZN | AMZN Price Prediction) Flex or freelance work. For full-time ministry, income is usually capped by the church budget.
Compare two scenarios. If Noah could raise combined monthly income to roughly $11,850, the $2,962 payment drops into the 25% zone and staying makes sense. Median usual weekly earnings for full-time workers were $1,251 in Q2 2026, so two median paychecks would produce roughly $10,800 a month, still short of what this house requires. When the income ceiling is fixed and the payment is fixed, the house is the only variable left.
What to Do If Your Numbers Look Like This Calculate your housing ratio today. Add mortgage principal, interest, taxes, insurance, and HOA. Divide by monthly take-home pay. Above 30% is a warning; above 40% is a fire. Model the sale honestly. Subtract 7% to 9% for commissions and closing costs from a realistic sale price, then subtract the mortgage payoff. That is your true equity check. Price the alternative. Look up what a comparable rental costs in your zip code at 25% of take-home pay. If that number exists, the sale math usually works. Keep investing separate from the crisis. Owning shares of Apple (NASDAQ:AAPL) or Amazon in a brokerage account does not solve a payment that eats half a paycheck. Cash flow decisions come before portfolio decisions when the mortgage is the problem. Ramsey’s directive lands hard because the arithmetic is unforgiving. When the mortgage eats the paycheck, the fastest path back to breathing room is the sign in the yard.
Contact [email protected] for any questions or corrections.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
States are starting to question tax breaks once used to attract data centers. Summary
Ohio’s exemption cost topped $1.5 billion last year
Amazon.com Inc. (AMZN, Financials), the e-commerce and cloud-computing behemoth, is encountering a new issue with the AI boom: States are beginning to challenge the tax benefits that contributed to making big data-center projects more affordable.
More than a dozen states are revisiting or rolling back incentives for data centers as the facilities gulp more power and become a greater political concern.Ohio shows how fast the numbers have expanded.
The state initially thought the sales-tax exemption for data centers would cost far less than it is now. The cost last year was more than $1.5 billion, more than ten times the original estimate.
Lawmakers are now debating whether businesses such as Amazon, Meta Platforms and Alphabet's Google should retain their long-term privileges. Amazon says it has invested roughly $40 billion in Ohio data centers since 2015.
The difficulty is not limited to a single State. More than 35 states have comparable incentives and some have already cut or removed waivers.
Losing those benefits wouldn't kill Big Tech spending on AI. But it might make an already pricey infrastructure race more costly.
The next thing investors need to monitor is whether the backlash spills over into key data-center markets and begins to drive up the cost of building AI capacity.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Amazon Leo (AMZN.O) has ordered six additional launches on Europe's Ariane 6 launcher, operator Arianespace said on Wednesday, in a boost to Europe's flagship rocket programme.
The announcement at a Paris space gathering brings the number of Ariane launches commissioned by Amazon to 24 by 2031.
The new flights will begin on the high-capacity Ariane 64 version in 2029, the commercial arm of ArianeGroup (AIR.PA), (SAF.PA) said.
French President Emmanuel Macron hailed the deal at the opening of a two-day space summit shunned by top U.S. space firms including Blue Origin, the launch provider owned by Amazon founder Jeff Bezos, following what sources last week described as White House pressure over the summit's Europe-led agenda.
Amazon aims to provide broadband internet globally with its low-Earth orbit network of thousands of planned satellites, challenging SpaceX's (SPCX.O) Starlink, which has amassed millions of customers worldwide.
Amazon has mostly relied on the Atlas V rocket from United Launch Alliance, Boeing (BA.N) and Lockheed Martin's (LMT.N) joint rocket venture, to get its satellites to space.
Wednesday's deal shows a deepening reliance on Europe's prime launcher as U.S. supply faces a shortage, though European launch activity remains dwarfed by Elon Musk's SpaceX.
Arianespace has placed 100 Amazon Leo satellites into orbit on three Ariane 6 missions so far this year.
Amazon previously faced a regulatory requirement to launch half of its initial 3,232 satellites by this summer, but that was waived in June after the company cited a shortage in supply.
Arianespace said earlier on Wednesday it would announce other new business bringing the number of extra launches to 10. Currently it has orders for about 30 launches, with slots available in 2029 and 2030, a spokesperson said.
Amazon is once again under fire for its work policies, this time with a new class action lawsuit filed against the retail giant on Tuesday that alleges the company has failed to make basic workplace accommodations for its pregnant employees.
The lawsuit, filed in a Brooklyn federal court, alleges that the Seattle-based company has engaged in a systematic and company-wide failure to accommodate pregnant workers and deliberately retaliated against them. The four named plaintiffs, all of whom were formerly employed at Amazon warehouses in New York, detail instances in which they claim they were denied work accommodations and subsequently disciplined or terminated, or faced retaliation during their pregnancies.
The Pregnant Workers Fairness Act, which was signed into law by President Joe Biden in 2022 and went into effect in 2023, is key to this proposed nationwide class action lawsuit. That legislation requires employers to provide “reasonable accommodations” for qualified employees affected by pregnancy, childbirth, or related medical conditions.
The new lawsuit alleges that Amazon’s policies violated the law in two ways—by requiring a pregnant worker to provide a doctor’s note before the company will provide even basic accommodations and by failing to account for legally protected pregnancy-related breaks. The plaintiffs are represented by Emery Celli Brinckerhoff Abady Ward & Maazel LLP, a civil rights law firm, and A Better Balance, a nonprofit advocacy organization, both of which have previously been involved in legislation against the retail giant.
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“As our lawsuit details, Amazon regularly violates the law. Under its policies, pregnant workers are not protected, and they face retaliation for exercising their rights,” Debbie Greenberger, a partner at Emery Celli Brinckerhoff Abady Ward & Maazel LLP, said in a statement. “Too often, pregnant women working at Amazon warehouses have to risk their health or their pregnancy just to do their jobs.”
An Amazon spokesperson told Fast Company the company conducted “thorough” internal reviews of each of the cases referenced in the lawsuit and noted that some of the details laid out in the suit contain inaccuracies and omit important details, but didn’t provide specifics. The company also noted that in the past year, 99.9% of pregnancy accommodation requests have been approved.
“Ensuring the health and well-being of our employees is one of our greatest responsibilities, and we strive to provide a safe and supportive environment for everyone, which includes supporting tens of thousands of employees with pregnancy accommodations each year,” Kelly Nantel, an Amazon spokesperson, said in a statement to Fast Company.
Google Cloud just shocked the sleepy cloud services sector out of its slumber.
The Alphabet (GOOG -2.21%)(GOOGL -2.41%) subsidiary announced it grew its revenue by 82% year over year last quarter. It grew its operating income by an even more impressive 212% year over year.
Here's why those numbers threaten to reshape the entire cloud platform hierarchy and why Amazon (AMZN -1.96%) and Microsoft (MSFT -0.24%) investors should care. A lot.
Image source: The Motley Fool.
The status quo hasn't changed for years The cloud services sector is dominated by three players, and those three together control nearly two-thirds of the global cloud services market.
Amazon Web Services has long been the No. 1 player in the space, with Microsoft's Azure a distant second and Google Cloud Platform a distant third. This list has remained unchanged for years. But over the past year, something unusual happened, according to new market data from Synergy:
PlatformMarket Share (June 30, 2025)Market Share (June 30, 2026)Amazon Web Services (AWS)30%28%Microsoft Azure20%20%Google Cloud Platform13%15%All Three Combined63%63% Data source: Data compiled by Synergy Research and initially reported on by CRN. Chart by author.
Over the past year, Google Cloud Platform has increased its market share by 2%. But the overall share of the market held by the big three didn't change. Instead, Google's market share gains came at the expense of AWS.
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AWS and Azure are growing, too, but not as fast For the quarter ended June 30, 2026, Google Cloud's 82% revenue growth dominated. But both AWS and Azure grew their cloud revenue, too.
Microsoft reported that Azure and other cloud services revenue increased by 43% and that revenue in the "Intelligent Cloud" segment (which includes Azure) came in at $39.3 billion. Meanwhile, AWS was close behind with revenue growth of 37% to $42.2 billion.
To be clear, all of those growth numbers are spectacular, especially for companies that are already so large. And all three grew faster than in the prior quarter. AWS' and Azure's numbers look tepid compared to Google Cloud's massive growth.
In the quarter ended March 31, 2026, Google Cloud grew revenue by 63%, Azure by 40%, and AWS by 28%. Amazon CEO Andy Jassy boasted in that quarter that AWS growth was the fastest in 15 quarters. In Q2, he boasted that AWS had grown at its fastest clip in 18 quarters.
And everyone agreed that the growth was due to, in the words of Alphabet CEO Sundar Pichai, "demand for AI infrastructure and AI solutions." So if this AI tide is boosting all three cloud platforms' numbers, why should Amazon and Microsoft investors care that Google is growing fastest?
Image source: Getty Images.
Investors are getting a bit impatient with AI In order to drive these big revenue boosts, all three companies are spending big on AI infrastructure, including data centers. In fact, they (along with Meta Platforms) have collectively been dubbed "AI hyperscalers." And their capital spending proves it.
Amazon just upped its full-year 2026 capital expenditures (capex) forecast by 10% to $220 billion. Meanwhile, Alphabet raised the midpoint of its full-year capex guidance by about 8.1% to $200 billion. Alphabet's stock was punished by investors in the wake of its earnings announcement, dropping 7% despite its massive Google Cloud growth.
Microsoft, on the other hand, bucked the trend. It announced its calendar-year 2026 capex would remain unchanged at $175 billion after a minor accounting change. And investors rewarded the company by sending shares up 8% in after-hours trading after that announcement.
It seems shareholders are looking at the massive price tags for the AI build-out and questioning whether they will actually pay off for the hyperscalers down the road. While the fast-growing revenue from cloud platform services may be encouraging, it's clear that investors are hoping for more and are willing to sell their hyperscaler shares if they don't get it.
Microsoft, Amazon, and Alphabet shareholders should understand the situation and be prepared for further price volatility in the wake of upcoming earnings announcements.
Bellars Harris Wealth Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 23,495 shares of the e-commerce giant’s stock, valued at approximately $5,600,000.
Other large investors have also recently modified their holdings of the company. MilWealth Group LLC boosted its position in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. purchased a new position in Amazon.com during the fourth quarter valued at $45,000. Elkhorn Partners Limited Partnership lifted its position in Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 180 shares during the period. Fairway Wealth LLC boosted its holdings in shares of Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. boosted its holdings in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 107 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Analyst Ratings Changes A number of equities research analysts have weighed in on AMZN shares. Pivotal Research restated a “buy” rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. Finally, Wolfe Research reissued an “outperform” rating and issued a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.26.
Get Our Latest Stock Analysis on AMZN Amazon.com Stock Down 0.6% AMZN stock opened at $256.97 on Wednesday. The stock has a market capitalization of $2.77 trillion, a P/E ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The business has a fifty day moving average price of $254.88 and a 200-day moving average price of $243.41.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. During the same period last year, the firm posted $1.68 earnings per share. Amazon.com’s revenue was up 19.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.
Insider Activity at Amazon.com In related news, CFO Brian Olsavsky sold 6,172 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares in the company, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at approximately $123,465,145.81. This trade represents a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,568,785 over the last quarter. 8.90% of the stock is owned by company insiders.
More Amazon.com News Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Featured Articles Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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Family Legacy Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,000 shares of the e-commerce giant’s stock, valued at approximately $6,197,000. Amazon.com comprises 1.7% of Family Legacy Inc.’s portfolio, making the stock its 18th biggest holding.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Trust Asset Management LLC grew its holdings in Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after buying an additional 3,414 shares during the period. MilWealth Group LLC lifted its holdings in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after acquiring an additional 79 shares during the period. Lifetime Wealth Management P.C. acquired a new stake in shares of Amazon.com in the fourth quarter worth approximately $45,000. Elkhorn Partners Limited Partnership boosted its position in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares during the last quarter. Finally, Fairway Wealth LLC grew its holdings in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 108 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of equities analysts have weighed in on the stock. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 3rd. Arete Research upped their price objective on Amazon.com from $301.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Truist Financial upped their price target on Amazon.com from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Citizens Jmp restated a “market outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $323.26.
View Our Latest Report on AMZN Amazon.com Price Performance Shares of NASDAQ AMZN opened at $256.97 on Wednesday. The company has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The business has a 50-day moving average of $254.88 and a 200-day moving average of $243.41.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter in the prior year, the business earned $1.68 EPS. Amazon.com’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.
Insiders Place Their Bets In related news, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 71,589 shares of company stock valued at $18,568,785. Corporate insiders own 8.90% of the company’s stock.
Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Recommended Stories Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
GSA Capital Partners LLP purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,488 shares of the e-commerce giant’s stock, valued at approximately $2,261,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after purchasing an additional 3,414 shares in the last quarter. MilWealth Group LLC lifted its stake in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new stake in Amazon.com in the 4th quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership boosted its position in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares during the last quarter. Finally, Fairway Wealth LLC boosted its position in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Down 0.6% Shares of NASDAQ:AMZN opened at $256.97 on Wednesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The business has a 50 day moving average of $254.88 and a 200-day moving average of $243.41. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.77 trillion, a PE ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current year. Analyst Ratings Changes AMZN has been the topic of a number of recent research reports. Truist Financial lifted their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, July 31st. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. TD Cowen reaffirmed a “buy” rating and set a $350.00 price target (up from $340.00) on shares of Amazon.com in a research report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and set a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.26.
View Our Latest Stock Report on AMZN
Key Stories Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Insider Activity In other news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the sale, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,589 shares of company stock worth $18,568,785. Corporate insiders own 8.90% of the company’s stock.
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Featured Articles Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
Clearstead Trust LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 69,665 shares of the e-commerce giant’s stock, valued at approximately $16,604,000. Amazon.com accounts for 2.2% of Clearstead Trust LLC’s investment portfolio, making the stock its 10th biggest position.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. MilWealth Group LLC raised its holdings in shares of Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in Amazon.com during the 4th quarter worth about $45,000. Elkhorn Partners Limited Partnership grew its holdings in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares in the last quarter. Fairway Wealth LLC increased its position in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. increased its position in Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 107 shares during the period. 72.20% of the stock is owned by institutional investors.
Insider Buying and Selling at Amazon.com In other news, CEO Douglas Herrington sold 1,000 shares of Amazon.com stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $254.77, for a total transaction of $254,770.00. Following the completion of the sale, the chief executive officer directly owned 475,681 shares in the company, valued at approximately $121,189,248.37. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This trade represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 71,589 shares of company stock valued at $18,568,785. Company insiders own 8.90% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a research report on Monday, August 3rd. Pivotal Research restated a “buy” rating and set a $333.00 target price (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Piper Sandler reaffirmed an “overweight” rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Monness Crespi & Hardt lifted their price target on Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.26. View Our Latest Stock Report on Amazon.com
Amazon.com Price Performance Shares of NASDAQ AMZN opened at $256.97 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market cap of $2.77 trillion, a PE ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44. The business has a 50-day simple moving average of $254.88 and a two-hundred day simple moving average of $243.41. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period last year, the business earned $1.68 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.
Amazon.com News Summary Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Recommended Stories Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
EJMK Ventures LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,130 shares of the e-commerce giant’s stock, valued at approximately $2,891,000. Amazon.com accounts for about 1.3% of EJMK Ventures LLC’s holdings, making the stock its 14th largest holding.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth $32,868,735,000. Auto Owners Insurance Co boosted its position in shares of Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP increased its holdings in shares of Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after acquiring an additional 87,557,736 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. raised its position in shares of Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after acquiring an additional 25,017,588 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Down 0.6% Amazon.com stock opened at $256.97 on Wednesday. The stock has a 50 day moving average of $254.88 and a two-hundred day moving average of $243.41. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The stock has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.99 and a beta of 1.44. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current year. Key Stories Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Analyst Ratings Changes A number of brokerages recently issued reports on AMZN. Roth Capital reaffirmed a “buy” rating and issued a $325.00 price target on shares of Amazon.com in a report on Monday, August 3rd. Citigroup restated a “market outperform” rating on shares of Amazon.com in a research report on Friday, August 14th. TD Cowen reaffirmed a “buy” rating and issued a $350.00 target price (up from $340.00) on shares of Amazon.com in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 18th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $338.00 target price (up from $328.00) on shares of Amazon.com in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.26.
Read Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling In other news, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the transaction, the vice president owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 71,589 shares of company stock worth $18,568,785. 8.90% of the stock is currently owned by insiders.
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Featured Articles Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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BIP Wealth LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent filing with the SEC. The firm purchased 53,933 shares of the e-commerce giant’s stock, valued at approximately $12,854,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Trust Asset Management LLC increased its stake in Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after purchasing an additional 3,414 shares in the last quarter. MilWealth Group LLC grew its stake in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after buying an additional 79 shares during the period. Lifetime Wealth Management P.C. acquired a new position in Amazon.com during the 4th quarter worth approximately $45,000. Elkhorn Partners Limited Partnership boosted its holdings in Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares in the last quarter. Finally, Fairway Wealth LLC grew its stake in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 108 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com News Summary Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Amazon.com Price Performance Amazon.com stock opened at $256.97 on Wednesday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company’s 50 day moving average price is $254.88 and its two-hundred day moving average price is $243.41. The stock has a market cap of $2.77 trillion, a P/E ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current year.
Insiders Place Their Bets In other Amazon.com news, CEO Douglas Herrington sold 6,362 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is currently owned by insiders.
Analysts Set New Price Targets AMZN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $325.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Barclays restated an “overweight” rating and set a $365.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.26.
Check Out Our Latest Stock Analysis on AMZN
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
See Also Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Everett Harris & Co. CA acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,021,200 shares of the e-commerce giant’s stock, valued at approximately $243,393,000. Amazon.com comprises approximately 3.0% of Everett Harris & Co. CA’s holdings, making the stock its 8th largest holding.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.8% during the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock valued at $89,708,913,000 after buying an additional 6,971,680 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock valued at $51,753,622,000 after acquiring an additional 2,479,324 shares during the last quarter. Norges Bank purchased a new position in Amazon.com in the fourth quarter worth approximately $32,868,735,000. Finally, Auto Owners Insurance Co increased its stake in Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several brokerages have recently commented on AMZN. TD Cowen reaffirmed a “buy” rating and issued a $350.00 price target (up from $340.00) on shares of Amazon.com in a research note on Friday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $320.00 price target (down from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Rosenblatt Securities assumed coverage on shares of Amazon.com in a report on Thursday, August 20th. They issued a “buy” rating and a $335.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada upped their price target on Amazon.com from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $323.26.
Read Our Latest Analysis on AMZN Amazon.com Stock Down 0.6% Amazon.com stock opened at $256.97 on Wednesday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The stock’s fifty day simple moving average is $254.88 and its 200-day simple moving average is $243.41. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.77 trillion, a P/E ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com’s revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.
Amazon.com News Roundup Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Insider Activity In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is owned by corporate insiders.
Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
See Also Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
Bridgewater Advisors Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 76,356 shares of the e-commerce giant’s stock, valued at approximately $21,687,000. Amazon.com comprises 1.2% of Bridgewater Advisors Inc.’s holdings, making the stock its 13th biggest holding.
Other institutional investors also recently added to or reduced their stakes in the company. SFE Investment Counsel purchased a new stake in Amazon.com in the second quarter valued at approximately $19,383,000. Alesco Advisors LLC An ESL Co purchased a new stake in Amazon.com in the 2nd quarter valued at $5,100,000. Bank Hapoalim BM purchased a new stake in Amazon.com in the 2nd quarter valued at $20,761,000. BIP Wealth LLC acquired a new stake in Amazon.com during the 2nd quarter worth $12,854,000. Finally, Phillips Financial Management LLC acquired a new stake in Amazon.com during the 2nd quarter worth $2,450,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com News Roundup Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Analysts Set New Price Targets A number of equities research analysts have recently commented on AMZN shares. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Benchmark increased their price objective on Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.26. Get Our Latest Analysis on Amazon.com
Insider Activity at Amazon.com In related news, VP Shelley Reynolds sold 2,343 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the sale, the vice president owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 71,589 shares of company stock worth $18,568,785. 8.90% of the stock is currently owned by company insiders.
Amazon.com Trading Down 0.6% NASDAQ:AMZN opened at $256.97 on Wednesday. The stock has a fifty day moving average price of $254.88 and a two-hundred day moving average price of $243.41. The stock has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter last year, the business earned $1.68 earnings per share. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.
About Amazon.com (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
See Also Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
$220 billion. That's roughly how much Amazon (AMZN -2.02%) expects to deploy in capital expenditures in 2026. To put that number into perspective, it's more than the annual revenue of many Fortune 500 companies. And Amazon isn't spending it because it needs more warehouses to deliver packages.
A huge portion of this money is going toward AI infrastructure -- and that should make investors pause. Amazon is effectively making one of the largest technology bets in corporate history at a time when the economics of AI are still uncertain. If AI demand keeps exploding, Amazon could be building the infrastructure for its next great growth engine.
But if the industry gets ahead of itself, Amazon could end up committing hundreds of billions of dollars to capacity that doesn't generate the returns investors expect. So is Amazon being visionary, or reckless?
Image source: Getty Images.
Amazon has a track record of making rational bets It's easy to look at a $200 billion-plus capital expenditure budget and assume Amazon is simply racing to build as much AI capacity as possible.
That's not quite what's happening. Amazon says that despite these huge planned investments, it still won't be able to meet all demand. This suggests that Amazon isn't necessarily building data centers and hoping demand appears. In many cases, customers are asking for these services.
The financial results provide some evidence. Amazon's cloud service, Amazon Web Services (AWS), grew revenue by 37% year over year in the second quarter of 2026, while operating income increased 63%. That combination is particularly encouraging because it shows that rapid AI-related demand isn't necessarily coming at the expense of profitability.
In other words, it makes sense to invest heavily in building AI infrastructure.
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Amazon has made this kind of bet before There is another reason long-term investors shouldn't automatically panic. Amazon has spent aggressively throughout its history. The company invested heavily in fulfillment centers before its logistics network became a competitive advantage. It invested heavily in servers and data centers before AWS became one of the world's most profitable cloud businesses. In both cases, it had to invest early on, and the payoff came later.
Amazon is now making a similar bet on AI. The difference is the scale. This time, Amazon isn't merely expanding an existing business. It is trying to build the infrastructure that could support an entirely new generation of computing. That makes the opportunity enormous.
Still, the bear case is real Investors shouldn't dismiss the concerns, though. The spending spree has already squeezed Amazon's free cash flow. Its trailing-12-month free cash flow turned into an outflow of roughly $7.6 billion through June 2026, compared with an $18.2 billion inflow a year earlier. The deterioration was primarily due to the huge increase in capital spending.
And Amazon isn't alone. Microsoft, Alphabet, Meta Platforms, and other technology companies are also spending extraordinary sums on AI infrastructure. Combined, these four companies will spend about $760 billion on capex in 2026.
That raises an uncomfortable possibility. What if the industry builds too much capacity? AI demand could grow rapidly and still fail to justify the combined investment being made today. Data centers, networking equipment, and specialized chips aren't inexpensive experiments. Amazon has to commit capital years before it knows exactly how the economics will evolve. That's why investors shouldn't judge this investment solely by AI revenue growth.
They need to ask a harder question: What return will Amazon earn on the additional capital? The next few years will provide more clues on that.
What does it mean for investors? Amazon's $200 billion-plus bet is a lot. And there is a risk that these investments may not generate sufficient returns over time. Still, I think Amazon is making the right move, at least for now. There is already evidence that customers are willing to pay for these services, suggesting that the company is making a rational bet. More importantly, if Amazon doesn't move aggressively, it may lose relevance in the AI race.
As the largest cloud computing business on the planet, Amazon has a financial reason to act boldly to maintain its market share. All told, I would give the company the benefit of the doubt, but closely monitor the returns on these investments over time.
Qualcomm (QCOM +1.98%) isn't one of the first names that come to mind when considering data center infrastructure, but that may change soon. The chip company announced a deal with Amazon (AMZN -1.94%) to buy up to $60 billion of its AI data center chips.
As part of the deal, Qualcomm will grant Amazon warrants worth about $4 billion that will vest with product purchases. Amazon will be able to purchase Qualcomm shares at $161.26 per share.
Qualcomm and Amazon will also work together to improve high-performance optical connectivity to support fast-growing bandwidth demands in AI infrastructure. And Qualcomm will increase its use of Amazon Web Services and Amazon Bedrock infrastructure to reduce chip design cycles.
"As AI demand accelerates, data center infrastructure will require advances in both computing and connectivity to deliver greater performance with more efficiency," Qualcomm CEO Cristiano Amon said. "Qualcomm is pleased to work with AWS on customized silicon and connectivity solutions, bringing decades of leadership in advanced processing and power-efficient compute, to deliver breakthrough performance and enable the next generation of AI infrastructure."
Image source: The Motley Fool.
Qualcomm's partnership with Amazon is expected to continue for multiple generations of chips for large-scale AI data centers. It signals Qualcomm's growing effort to broaden its portfolio beyond smartphones -- particularly important, as Apple has announced plans to phase out its reliance on Qualcomm cellular modems and use in-house C-series silicon.
About Qualcomm stockQualcomm, which is based in San Diego, has long been best known for designing high-performance, low-power chips for mobile devices, personal computers, automobiles, robotics, and wearable devices. Shares have been on a roller-coaster this year and have fallen throughout the summer.
Revenues for the fiscal third quarter (ending June 28) fell 4% to $9.94 billion, net income dropped 25% to $2 billion, and diluted earnings per share slid 23% to $1.87. Handset revenue plummeted 20% to $5.08 billion.
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Meanwhile, Qualcomm said it expects its Apple revenue to fall 50% from the September to December quarter, although that will be offset somewhat by sequential growth in Android phones.
Qualcomm enters the data center marketIt's against this backdrop that Qualcomm is pinning its hopes on securing a foothold in the fast-growing AI data center market.
Qualcomm previously identified Meta Platforms as its first data center customer, announcing in June that it reached a multi-generation supply agreement to power Meta's servers with Dragonfly C1000 CPUs. It also acquired AI software start-up Modular in an all-stock deal valued at nearly $4 billion. Modular makes software that supports CPUs, GPUs, and custom chip architectures, enabling AI models to run across them without requiring developers to rewrite code for each processor.
"This is the ideal and logical time for Qualcomm to enter the market, as agentic workloads are reshaping the economics of AI," Amon said. "Efficient token generation and total cost of ownership are fundamental to scaling AI. And as a result, inference is becoming disaggregated in the data center and will be increasingly distributed. This means hybrid inference will evolve across the entire compute continuum from data center to on-premise network edge and edge devices. Given Qualcomm's assets, it's a natural evolution of our growth story."
Qualcomm is projecting that its non-handset business -- including automotive, technology for the Internet of Things, and data center -- will rise to $40 billion by the 2029 fiscal year, or roughly two-thirds of Qualcomm's revenue for its semiconductor business. That is a dramatic change from its 2025 fiscal year, when handset revenue made up about 75% of the segment's revenue.
Qualcomm believes there is a $1 trillion total market opportunity in its data center segment, including connectivity, custom silicon, AI accelerators, and server-class CPUs. It aims to generate more than $15 billion in that business by 2029, with a long-term goal of capturing 5% of the total market.
The Amazon deal is a major step toward Qualcomm achieving its goal. Qualcomm stock rose 3% on Tuesday's announcement.
Avalon Trust Co purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 366,073 shares of the e-commerce giant’s stock, valued at approximately $87,250,000. Amazon.com accounts for 5.4% of Avalon Trust Co’s investment portfolio, making the stock its 5th biggest position.
Other institutional investors also recently modified their holdings of the company. MilWealth Group LLC grew its holdings in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. acquired a new position in Amazon.com during the fourth quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership boosted its position in Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares during the last quarter. Fairway Wealth LLC grew its stake in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. increased its position in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 107 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.
Key Headlines Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Insider Buying and Selling In related news, SVP David Zapolsky sold 9,258 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,568,785 in the last ninety days. 8.90% of the stock is currently owned by company insiders. Amazon.com Stock Performance NASDAQ AMZN opened at $256.97 on Wednesday. The stock has a market cap of $2.77 trillion, a PE ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The firm has a 50-day moving average of $254.88 and a 200-day moving average of $243.41. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current year.
Wall Street Analysts Forecast Growth AMZN has been the subject of several recent analyst reports. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Bank of America boosted their target price on shares of Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada increased their price target on shares of Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. KeyCorp boosted their price objective on shares of Amazon.com from $335.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Monness Crespi & Hardt upped their target price on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $323.26.
Read Our Latest Stock Analysis on AMZN
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
Recommended Stories Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Bank Hapoalim BM bought a new position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 87,107 shares of the e-commerce giant’s stock, valued at approximately $20,761,000. Amazon.com makes up about 1.4% of Bank Hapoalim BM’s portfolio, making the stock its 12th largest holding.
A number of other large investors have also made changes to their positions in the company. Red Crane Wealth Management LLC boosted its position in shares of Amazon.com by 2.3% in the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after buying an additional 38 shares during the period. Robinson Smith Wealth Advisors LLC raised its position in Amazon.com by 0.7% during the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after buying an additional 40 shares during the period. Sfam LLC lifted its stake in Amazon.com by 3.4% in the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock worth $255,000 after acquiring an additional 40 shares in the last quarter. Measured Risk Portfolios Inc. lifted its stake in Amazon.com by 3.4% in the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after acquiring an additional 40 shares in the last quarter. Finally, CoreFirst Bank & Trust boosted its position in Amazon.com by 1.1% during the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock worth $754,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Wall Street Analyst Weigh In Several equities analysts have weighed in on AMZN shares. HSBC reaffirmed a “buy” rating and set a $310.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $320.00 price target (down from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Oppenheimer restated an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Finally, Truist Financial upped their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.26.
Check Out Our Latest Stock Analysis on Amazon.com Amazon.com News Summary Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Insider Buying and Selling at Amazon.com In related news, CFO Brian T. Olsavsky sold 6,172 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer directly owned 109,207 shares in the company, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,568,785 in the last ninety days. Company insiders own 8.90% of the company’s stock.
Amazon.com Trading Down 0.6% NASDAQ:AMZN opened at $256.97 on Wednesday. The stock’s 50 day moving average price is $254.88 and its 200 day moving average price is $243.41. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company has a market capitalization of $2.77 trillion, a P/E ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.
About Amazon.com (Free Report)
Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.
Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.
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Amazon (AMZN) offers a near-free call option on its Leo satellite business, with significant long-term upside embedded in its core valuation. Starlink currently dominates LEO satellite internet, but AMZN's Leo is gaining traction with strategic partnerships, competitive pricing, and advanced terminal offerings. Bank of America raised AMZN's price target to $310, citing Leo's potential $7–10B annual recurring revenue by 2030, with broader ecosystem benefits.
AWS just posted its fastest growth in 18 quarters, yet Amazon shares are lagging the S&P 500 and sliding further. Here is why that disconnect could set up one of the boldest stock plays of the decade.
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Amazon (NASDAQ:AMZN | AMZN Price Prediction) just posted its fastest AWS growth in 18 quarters, yet the stock is up only 10.88% year to date, trailing the S&P 500’s 12.53%.
That’s a strange result for a business where AWS is now running at a $169 billion annualized run rate and CEO Andy Jassy is publicly guiding investors toward a potential trillion dollar annual revenue business for AWS alone. Which brings me to the question I want to answer: can Amazon shares realistically hit $500 by 2030?
Why Amazon Shares Are Stuck Despite a Booming AWS Shares have gone the wrong way lately. AMZN is down 3.94% over the past week and 6.13% over the past month, with a one-year return of just 8.6% against the S&P’s 18.22%.
The disconnect is capex. Amazon spent $54.208 billion in a single quarter, plans roughly $200 billion in 2026, and trailing free cash flow flipped to negative $7.6 billion. Q3 guidance also implies growth decelerates to 9% to 12%. Add a beta of 1.44, and you get exactly what we’re seeing: a nervous market punishing near-term cash burn even while the demand story gets bigger.
Wall Street Sees 27% Upside. Our Model Says 38% The Street is heavily bullish. The consensus target sits at $328.17, with 15 Strong Buys, 44 Buys, 2 Holds, and zero Sells. Our own model goes further, projecting a one-year base case of $356.16, an upside of 37.77%, with a bull case at $407.01 and confidence rated high (0.9). I think the consensus is too conservative.
With 97% of analysts bullish and earnings growth contributing meaningfully to our 247Factor via strong earnings acceleration, the setup argues for multiple expansion once capex intensity peaks. Analysts often lag the pivot from “investment mode” to “harvest mode.” That’s the window Amazon is walking into.
Charting a Path to $500 Per Share by 2030 Reaching $500 from today’s price of $258.51 would require a gain of 93.4%. With forward EPS of $14.42, a price of $500 implies a forward P/E of 35x. Our base case of $356.16 already implies 21x, meaning the bold target requires 14x of additional multiple expansion.
That is a real stretch, but it is achievable if EPS compounds meaningfully by 2030 and the market rewards the AWS earnings mix. The 247Factor adjustment of 1.097 already reflects strong analyst consensus and earnings acceleration.
Jassy told investors AWS “added over $4.6 billion in revenue quarter over quarter” with a $496 billion backlog, and that the chips business now has an annual revenue run rate of over $25 billion, growing triple-digit percentages year over year.
Ads at $19.809 billion quarterly (up 26%) is the profit accelerant Wall Street still underestimates. The primary risk is that AI capex overshoots demand and depresses returns on invested capital for years.
Where Amazon Trades Today vs Its Earnings Power At $258.51 against forward EPS of $14.42, Amazon trades at roughly 18x forward earnings. That looks reasonable for a business compounding AWS at 37% and ads at 26%.
Shares sit between a 52-week low of $196 and a high of $287.20, and the 10-year return of 548.88% more than doubles the S&P’s 250.34%. That long-term track record is exactly what supports paying up for the earnings power still building underneath the capex wave.
Is $500 Realistic? Here’s My Take Reaching $500 by 2030 requires a 93.4% gain from here. My verdict: a stretch, but a credible one.
Three things need to go right. AWS has to keep compounding above 30% into 2027 as capacity contracted for 2027 and 2028 comes online. Free cash flow has to inflect sharply once data-center spend normalizes. And advertising plus custom silicon need to keep pushing operating margin higher.
The derailer would be AI demand slowing before that $200 billion 2026 capex program earns its return. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how Amazon could reach $500 in 2030.
Contact [email protected] for any questions or corrections.
Billionaires have been buying sports teams for decades, but something in the ownership calculus quietly shifted, and the leagues, clubs, and fans who thought they understood the game are now operating under a different set of rules.
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The Altrata Billionaire Census 2026, published in August 2026 and reporting on the billionaire class as of calendar year 2025, puts a hard number on a story that has been building for a decade: 201 billionaires held a direct stake in a sports team or franchise. Set against a global billionaire population of 3,795 in 2025, that is a small but rapidly consequential slice of the world’s richest people writing checks into leagues, clubs and franchises, according to Altrata.
What the 201 Figure Actually Counts The census is specific about the definition, and the definition matters. Altrata counts billionaires with a direct stake in a sports team or franchise, where a stake can be a controlling or minority share, or via a consortium. Stakes that have since been sold are excluded. That framing bundles very different kinds of ownership into a single count. A sole controlling owner of an NFL franchise sits in the same 201 as a billionaire holding a small minority interest inside a syndicate deal. The report measures the number of ultra-wealthy individuals who have a live, unsold ownership interest of any size in a professional team, regardless of voting power or economic control.
That distinction is where most casual reads of the number go wrong. A minority stake inside a consortium and outright team control are counted identically here.
Trend Line: From Trophy to Strategic Position The census frames the shift plainly. Older ownership stories were passion buys: Jerry Jones acquiring the Dallas Cowboys in 1989, Robert Kraft purchasing the New England Patriots in 1994, Steve Ballmer acquiring the Los Angeles Clippers in 2014, Malcolm Glazer buying Manchester United in 2005 (with Sir Jim Ratcliffe acquiring a 27.7% stake in 2024), John Henry’s Fenway Sports Group acquiring Liverpool in 2010, and Stan Kroenke becoming majority owner of the Rams in 2010 and Arsenal in 2011. The newer wave reads differently. Altrata describes a continuing shift from passion-driven engagement to a more investment-led portfolio allocation, driven by expanding sports media rights, streaming platforms, sports betting and sponsorship revenue, and the increased monetization potential of global fan bases.
Cricket is the clearest new front. Mukesh Ambani’s Reliance Industries acquired the Mumbai franchise at the Indian Premier League’s launch in 2008, and Lakshmi Mittal’s family has since agreed to a majority stake in the Rajasthan Royals in a partnership deal, subject to regulatory approval. Then, in August 2026, Amazon (NASDAQ:AMZN | AMZN Price Prediction) founder Jeff Bezos was part of a consortium of prominent billionaires, including Lakshmi Mittal, that acquired a large minority stake, per the same census.
Scale the intent against the balance sheet, though. Altrata says the defined category of real estate and luxury assets, which includes direct sports team ownership, accounts for under 2% of a typical billionaire’s total wealth holdings. Direct sports ownership sits inside that already thin slice. The shift in strategic intent is real, even as the report shows only a modest allocation of billionaire capital into sports.
Why Investors Outside the Tier Should Care Rising franchise valuations are the mechanism. As billionaires signal that teams are portfolio assets rather than trophies, institutional capital and private equity sponsors have followed them in, expanding the buyer pool and repricing minority stakes. For fans, that changes what a club optimizes for: media distribution, betting integrations and international fan monetization become the levers, because those are what an investment-led owner underwrites. For leagues, it changes governance, because consortium structures scatter economic interest across many holders who are counted individually in Altrata’s 201 but who negotiate collectively.
For public-market investors, the read-through is narrower and cleaner: the same revenue streams pulling billionaires into franchises, media rights, streaming, sponsorship and regulated betting, are the streams that show up in listed sports, media and gaming equities.
The 201 figure is a snapshot of 2025, not a live tally, according to Altrata. Read it as a threshold crossed. Sports ownership at the top of the wealth pyramid is being underwritten as an investment, and the money following the billionaires in is what will set valuations from here.
Contact [email protected] for any questions or corrections.
The multigeneration partnership expands AWS's silicon bench, but disclosed economics stop at bandwidth--not revenue, pricing or deployment dates. Summary
AWS gains another chip designer while Qualcomm becomes a larger cloud customer.
Amazon AMZN, the e-commerce and cloud-computing powerhouse, expanded its custom-chip ambitions Tuesday by bringing Qualcomm into a multigeneration partnership. The alliance targets AI inference silicon and optical networking capable of reaching 1.6 terabits per second. Amazon shares fell approximately 1.3% to $255.13 in early trading.
AWS delivered $42.2 billion in second-quarter revenue, up 37%, while operating income reached $16.6 billion. Amazon said both its chip franchise and broader AI business had crossed annual revenue run rates of $25 billion. Qualcomm will deepen the relationship from both directions, helping design Amazon hardware while using more AWS infrastructure and AI services to develop its own semiconductors.
The real prize is cheaper inference, not another headline-grabbing chip specification. AWS posted an operating margin of roughly 39.3%, so every efficiency gain could protect the profit engine financing Amazon's AI buildout. The chart shows the stock trading only 2.96% above its $247.80 GF Value, leaving limited valuation cushion as infrastructure spending keeps trailing free cash flow negative. Qualcomm may strengthen Amazon's chip arsenal and expand its customer base, but the companies disclosed no pricing, purchase commitments or deployment timetable.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
The class-action, led by four ex-warehouse workers, alleges that Amazon deducted their bank of unpaid time off or flagged them for “time off-task” for medically necessary breaks or absences.
Amazon was sued on Tuesday in a proposed nationwide class action accusing the retailer of systematically discriminating against thousands of pregnant employees, including by firing some it claimed took too much time off.
According to a complaint filed by four former warehouse employees, Amazon routinely violates federal and New York worker-protection laws by denying pregnant workers basic accommodations such as chairs, bathroom and water breaks, and time off for prenatal appointments.
The complaint said Amazon threatens and regularly fires pregnant employees who miss too much work, and illegally demands medical documentation from those seeking accommodations. It said these actions violate the federal Pregnant Workers Fairness Act and New York labor law.
According to a complaint filed by four former warehouse employees, Amazon routinely violates federal and New York worker-protection laws by denying pregnant workers basic accommodations such as chairs, bathroom and water breaks, and time off for prenatal appointments. Getty Images “Amazon is one of this country’s largest employers, [and] it is no surprise that many of its workers become pregnant,” according to the complaint filed in the Brooklyn, New York, federal court. “Yet Amazon violates the law at every turn.”
Kelly Nantel, an Amazon spokesperson, said the retailer provides pregnancy-related accommodations to tens of thousands of employees annually, and approved more than 99.9% of requests in the last year. “Ensuring the health and well-being of our employees is one of our greatest responsibilities,” she said.
The lawsuit seeks lost pay and benefits, punitive damages, and an injunction against discrimination against pregnant employees.
Amazon has long faced complaints in court about its treatment of employees, including those seeking to unionize.
The Seattle-based retailer is the second-largest US private employer, trailing Walmart, with 1.58 million full-time and part-time employees at the end of 2025. AP Photo/Michael Sohn The Seattle-based retailer is the second-largest US private employer, trailing Walmart, with 1.58 million full-time and part-time employees at the end of 2025.
Hospitalization led to dismissal, lawsuit says Tuesday’s lawsuit was filed by A Better Balance, a nonprofit that advocates for workers’ rights.
It came 11 months after New Jersey sued Amazon, accusing it of widespread discrimination against warehouse employees who had disabilities or were pregnant. New York filed a similar case in 2022.
Amazon has long faced complaints in court about its treatment of employees, including those seeking to unionize. USA TODAY Network via Reuters Connect One plaintiff, Willamina Barclay, said Amazon gave her a termination warning on June 17, 2025, one day after she was taken in a wheelchair out of its Rochester, NY, warehouse and hospitalized with a pregnancy-related emergency.
Barclay said she was suffering severe abdominal pain from lifting heavy objects, but Amazon claimed the hospital visit pushed her over her limit for unpaid time off, and docked her because she “worked partially that day.”
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She was fired five days later, the complaint said.
Nantel said the four plaintiffs’ accounts “contain inaccuracies and omit important details.”
The Equal Employment Opportunity Commission plans in November to propose changes to regulations underlying the Pregnant Workers Fairness Act.
That agency has aligned itself with President Trump’s policies, and EEOC Chair Andrea Lucas said in 2024 that the regulations for pregnant employees are too broad.
The EEOC did not immediately respond to requests for comment. The office of New Jersey Attorney General Jennifer Davenport, whose predecessor filed that state’s lawsuit, did not immediately respond to similar requests.
Amazon's expanded relationship with Qualcomm is reigniting debate over “circular financing” in the AI boom. Advisors Capital Management Partner and Portfolio Manager JoAnne Feeney discusses how the deal gives Amazon another source of custom chips and could reduce its reliance on Nvidia, while giving Qualcomm greater confidence to invest in capacity.
It's hard to remember that Amazon (AMZN -0.60%) started as an online bookseller in 1994. Thanks to co-founder and then-CEO Jeff Bezos' vision, it quickly grew to sell virtually everything imaginable online. Today, it has added physical stores, devices, a streaming service, advertising services, and a cloud-computing platform.
Bezos remains Amazon's largest shareholder, which should give investors confidence. Still, looking closer at the holdings and the company, should you follow his lead and make the stock part of your core long-term holdings?
Jeff Bezos, Amazon executive chairman. Image source: Amazon.com
The co-founder retains a large ownership Bezos' vast fortune has been estimated at $280 billion. His Amazon shares make up the vast majority of his net worth.
The founder owned 950.4 million shares at the end of February, according to Amazon's annual proxy filing. That works out to a $245.7 billion value for his stake, based on the current share price.
Aside from accounting for the largest portion of his net worth, Bezos owned 8.8% of Amazon's outstanding shares, as of the end of February. Vanguard Group and BlackRock are the next-largest shareholders, at 7.2% and 5.9%, respectively.
Should you follow suit? While not running the day-to-day operations as CEO, Bezos clearly believes in the company's future. After all, what better way to express confidence than with your wallet? He also retains a role with Amazon as executive chair.
While the shares have handsomely rewarded shareholders over the years, they have trailed the S&P 500 (^GSPC -0.58%) this year. Year to date, through Sept. 4, Amazon's stock gained 12%, while the index, including dividends, returned 13.7%.
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However, Amazon's long-term future looks bright. Some investors have been put off by management's decision to invest heavily, particularly in areas like data centers, to meet growing demand for generative artificial intelligence. However, given the vast growth potential and Amazon's No. 1 market position in cloud computing via its Amazon Web Services (AWS) business, it looks like an astute investment.
AWS is already growing quickly, with a 36.8% year-over-year gain in second-quarter sales to $42.2 billion. It's also the company's largest profit generator, accounting for 60.5% of operating income.
Looking at the entire company, Amazon's second-quarter sales grew 20% year over year to $200.6 billion. Operating income increased by more than 43% to $27.5 billion.
You shouldn't invest solely based on someone's holdings, even someone as astute as Bezos. However, given management's commitment to long-term growth and patient investing, Amazon belongs in your portfolio. It may not make you a billionaire, but it should allow you to grow your wealth over time.
Amazon (AMZN.O) started selling sterling bonds for the first time on Wednesday, according to the banks managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom.
The deal is the latest example of how hyperscalers are increasingly selling bonds across markets outside of the U.S. this year, from euros to Swiss francs and the yen, as they make sure they can raise capital wherever they can, given their huge funding needs.
They have already issued more than $200 billion of debt this year, more than doubling from the whole of 2025, according to LSEG data.
Initial price guidance on the Amazon deal was set at around 70 basis points over British government bonds on a three-year bond, around 90 basis points over for a six-year bond, around 105 basis points over for a 12-year bond and around 110 basis points over for a 19-year bond, according to a memo sent by three of the banks seen by Reuters.
The deal will price later on Wednesday, the memo said.
The pound is the latest currency Amazon has added to its funding programme after tapping the euro and Swiss franc bond markets.
The European Central Bank warned earlier in September that hyperscalers' push into the euro zone bond market could potentially crowd out other borrowers and push up their financing costs.
Google-parent Alphabet (GOOGL.O), which has led the way in selling non-U.S. dollar bonds, was the first hyperscaler to tap the sterling market in February, when it raised £5.5 billion from a five-part deal, including a rare 100-year bond. It has also raised Japanese yen, Canadian and Australian dollar debt this year.
It is Amazon's first bond sale since July, according to LSEG data, when it received weaker demand than in the past for a $25 billion offering, in one of several signs that the heavy pace of hyperscaler borrowing started to test the limits of investor demand.
When Vita Shafiro, 51, and her daughter Mikhaela, 15, recently walked back to their downtown San Francisco hotel after sightseeing, an odd vehicle caught their eye.
A boxy turquoise car with no driver’s seat or steering wheel idled outside the Zoox Rider Lounge, an Art Nouveau-style storefront. Zoox, a driverless car company owned by Amazon, opened the lounge in May so that people could pose for photos in front of its self-driving cars and take a free ride in one.
“I said, ‘Oh, look at that fun-looking vehicle,’ and I wanted to take a picture,” said Ms. Shafiro, who had heard of Waymo, the driverless car leader, but not Zoox. She and her daughter returned the next day and rode a Zoox to the Ferry Building, a landmark on the San Francisco waterfront.
“Surprisingly, I felt really good,” said Ms. Shafiro, who later took another Zoox ride to the Castro neighborhood, adding that she wanted to invest in the company.
The history of technology is full of rivalries — Amazon and eBay, Google and Yahoo, Uber and Lyft, OpenAI and Anthropic. Now a new matchup is taking shape in the nation’s tech capital between Zoox and Waymo, which kicked off the autonomous car industry and is owned by Google’s parent, Alphabet.
Vita Shafiro took several Zoox rides during her visit to San Francisco. — Kelsey McClellan for The New York Times
Waymo, founded in 2009 as Google’s experimental self-driving car project, is by far the leader in the field. It began commercial driverless rides in 2018 and now has nearly 4,000 vehicles in 15 cities, including San Francisco and Phoenix, with over a dozen more towns to come. Its brand is widely known, and it recently raised $16 billion in new funding.
In contrast, Zoox, which was founded in 2014, has about 100 autonomous vehicles in its fleet. It cannot yet charge for a ride in San Francisco as it awaits state regulatory approval.
So Zoox is competing by betting that novelty, community good will and the rider experience inside its odd-looking cars — sometimes called “toasters on wheels” — can win over a city that has become the center for autonomous vehicle experiments. While Waymo’s retrofitted vehicles are an ordinary sight in San Francisco, Zoox’s carriage-like pods with no driver controls still draw stares and phone cameras.
“From the beginning, we wanted to take a community-first approach,” said Carly Wyatt, Zoox’s vice president of communications and marketing.
Since May, the company has hosted more than half a dozen events at its Rider Lounge, including a recent happy hour where the women-focused brand Une Femme handed out free cans of wine. Zoox has also sponsored local festivals like the Stern Grove Festival, North Beach Festival and Flower Piano in Golden Gate Park. And it has become a sponsor of the San Francisco Museum of Modern Art, often bringing a vehicle to events so people can sit inside.
Zoox has also forged deals with social media influencers and introduced advertising campaigns with slogans like “a robotaxi from the future.” In June, it began offering free rides from its Rider Lounge to eight restaurants and a handful of San Francisco landmarks like the Painted Ladies, the postcard-perfect Victorian houses.
Zoox opened the Rider Lounge in May for people to learn about the vehicles and take free rides. — Kelsey McClellan for The New York Times
Ms. Wyatt said Zoox tried to operate like a small business “thinking of food, all the amazing restaurants, the areas that people know and love — and then how do we bring the Zoox experience to life.”
Unlike Waymo, which retrofitted cars, Zoox chose to build its driverless vehicles from the ground up at a plant in Hayward, Calif., without traditional controls like steering wheels and pedals. The company has leaned into the design, treating it as an edge over rivals, Ms. Wyatt said.
Zoox is working to begin widely deploying a commercial service. In July, federal regulators granted it a temporary exemption from certain safety standard requirements that include having windshield wipers and rearview mirrors, so it could place up to 5,000 vehicles on the road over the next two years and start collecting fares.
Last month, Zoox began charging for rides in Las Vegas, its first paid service anywhere, at prices that were slightly higher than standard rides with Uber and Lyft.
But to charge for rides in California, Zoox needs a deployment permit from the California Department of Motor Vehicles and authorization from the state’s Public Utilities Commission. Zoox said it had applied, but the utilities commission’s public permit list does not show the company holding a driverless deployment permit.
“We are trying to get it as quickly as we can, but it is a couple-month process,” Ms. Wyatt said of the authorization. “We own the fact that we’re taking these baby steps.”
The driverless car industry is still in its infancy. — Kelsey McClellan for The New York Times
For now, Zoox offers only free demonstration rides in San Francisco, which began in November. The company completes about 10,000 rides a week in the United States, compared with Waymo’s more than 500,000 rides a week.
Waymo declined to comment.
San Francisco has seen driverless cars come and go before. Cruise, a subsidiary of General Motors, pulled its autonomous vehicles off the road in 2023 after a series of mishaps, including one car’s running over and dragging a pedestrian. Waymo has faced its own embarrassing episodes, such as when one of its cars hit and killed a beloved bodega cat last year.
Still, the autonomous vehicle race is heating up. Tesla said on Thursday that it would begin offering rides in its driverless Cybercab, which has no steering wheel. (The vehicle will probably not be broadly available for some time.) In London, driverless cars operated by Uber and the British autonomous vehicle start-up Wayve are available for ride-hailing this week.
Driverless cars remain in their infancy, which means the onus is less on companies to one-up their rivals than on spreading awareness of their services in the first place, said Jonah Berger, a marketing professor at the University of Pennsylvania’s Wharton School. Driverless car companies are still selling the very concept of a driverless taxi, he said.
“While one brand may be larger in the category and more prominent in the category, many people don’t know anything about the category,” he said.
Unlike the driverless cars of Waymo, the industry leader, Zoox’s vehicles do not have steering wheels or pedals. — Kelsey McClellan for The New York Times
Back in San Francisco, Carrie Blease — who with her husband runs Wolfsbane, a Michelin-starred restaurant — joined a partnership with Zoox in June. The company reached out to her through a hospitality agency to feature Wolfsbane as a destination for Zoox riders, she said.
Ms. Blease agreed to work with Zoox despite not being a “huge fan” of driverless cars, she said. Waymos are so common around her Russian Hill neighborhood that she often gets stuck behind one, she added.
Still, Zoox felt different and “a little bit more local,” she said, adding that “they look more interesting” than Waymos. Ms. Blease said she was excited when a few diners arrived at Wolfsbane via a Zoox last month.
Ms. Blease herself has never ridden in one. “I’ve just never done it,” she said. “I like the chatter of someone in the car.”
Amazon is accelerating growth across AWS, advertising, and custom silicon, with the revenue mix shifting rapidly toward high-margin segments. AWS delivered 36.7% Y/Y growth and now comprises 60.5% of operating income, with backlog surging to $496B and capacity as the primary constraint. AMZN trades at a P/E of 20.8 and EV/EBITDA of 17.27, appearing cheap relative to peers, despite negative FCF driven by a $220B CapEx cycle.
