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Elon Musk posted on X today that “Starlink now has 11k satellites in orbit”, quote-posting a SpaceX update about a Falcon 9 launching 29 Starlink satellites from Florida. The number is worth pausing on for investors trying to size up the low-earth-orbit broadband race, because the assumption that Amazon (NASDAQ:AMZN | AMZN Price Prediction) is Starlink’s closest rival by fleet size is wrong. Amazon’s satellite unit currently sits in a dismal third place, well behind OneWeb.

What the Satellite Catalog Actually Shows According to the KeepTrack satellite catalog as of July 2026, the five largest LEO constellations rank as follows:

Rank Constellation Operator Satellites in orbit 1 Starlink SpaceX 10,783 2 OneWeb Eutelsat 654 3 Amazon Leo (Kuiper) Amazon 394 4 Qianfan Spacesail 238 5 Guowang China SatNet 186 KeepTrack’s own framing captures the scale: Starlink accounts for more than half of all 19,447 tracked payloads in Earth orbit, and more than five times the rest of the top ten constellations combined. SpaceX has launched 12,444 Starlink satellites since May 2019; roughly 1,660 have already reentered, meaning SpaceX has deorbited more satellites than OneWeb has ever launched. Launch cadence runs roughly two to three Starlink missions per week.

SpaceX’s Public-Market Footprint SpaceX (NASDAQ:SPCX) trades under SPCX following its June 2026 IPO, with a market capitalization around $1.05 trillion. Starlink sits inside the Connectivity segment, which posted $4.29 billion of Q2 2026 revenue, up 66% year over year, with subscribers doubling to 12 million. Enterprise and Government connectivity, which includes Starshield, grew 108%. The Q2 8-K exhibit shows ARPU declined from $85 to $66 as the base broadened.

Amazon Leo’s Bull Case Fleet count is an input to the outcome, and Amazon has real levers. Andy Jassy told investors on the Q2 call that “Amazon Leo has close to 400 satellites in orbit, enough to begin initial satellite internet service this year”, and cited “meaningful revenue commitments from enterprises and government customers” plus “more than 20 partners who will extend the reach of our network across the globe.”

Amazon holds regulatory approval for a far larger constellation than it has deployed: the first-generation system tops out at 3,236 satellites, with the FCC approving roughly 4,500 additional satellites in February 2026. Amazon missed its July 2026 milestone of roughly 1,600 satellites and asked for an extension to 2028; the FCC lifted the looming deadline in June 2026. The Leo Ultra terminal advertises 1 Gbps download and 400 Mbps upload. Commercial wins include Delta Air Lines, JetBlue, Australia’s National Broadband Network, Kazakhtelecom, and a Vodafone deal for Europe and Africa coverage. Balance-sheet capacity is ample: Amazon guided to roughly $200 billion in 2026 capital expenditures across AI, chips, robotics, and LEO satellites, with AWS growing 37% in Q2. AMZN trades at $258.50, up 12.69% year to date.

What Actually Decides the Race The outcomes that matter for investors are subscribers, capacity per satellite, service availability dates, and ground infrastructure. Starlink’s 12 million-plus subscriber base demonstrates the lead more than any fleet count does. Amazon has to close a scale gap while also proving unit economics on a network that has not yet begun commercial service. The Delta partnership, with in-flight service beginning in 2028, is the timeline to watch.

Contact [email protected] for any questions or corrections.

Modine Manufacturing Co. (NYSE:MOD) shares are rising Friday. An investigative report from Hunterbrook Media identified Google as the previously unnamed customer behind Modine’s $4 billion cooling agreement. Here’s what you should know.

Modine Manufacturing shares are climbing with conviction. Why is MOD stock up today? Report Names Google as Modine’s Mystery $4 Billion CustomerHunterbrook Media said it obtained material it believes came from an internal Modine planning database, surfacing publicly on GitHub roughly a month ago in what looked like the middle of a broader shift of company records over to Alphabet Inc.’s (NASDAQ:GOOG) cloud infrastructure.

Per the report, the leaked files tie Google to a supply arrangement Modine disclosed in May without naming the customer, one that commits Modine to setting aside capacity for over $4 billion worth of Airedale chillers through 2029. The reporting also points to a second layer of Google business in the pipeline, roughly $4.5 billion in opportunities at various stages, of which about $433 million has already converted into bookings.

The database reportedly extends past Google too, pointing to close to $3 billion Modine considers locked in or highly probable from Amazon.com Inc.’s (NASDAQ:AMZN) cloud unit, Crusoe and more than a dozen other data center clients, on top of further early-stage business. Hunterbrook estimated Modine’s overall pipeline at close to $23 billion, with Amazon’s cloud division alone accounting for over half that sum.

Given the scale of what it was reporting, Hunterbrook Media also disclosed that, at the time of publication, its affiliated fund, Hunterbrook Capital, holds a long position in Modine shares and a short position in a basket of comparable companies, cautioning that its position could change.

Database Suggests Modine’s Pipeline Could Exceed its Own GuidanceBeyond the size of the pipeline itself, the report also examined what those numbers could mean for Modine’s upcoming results. Running the numbers through Modine’s own conversion odds, Hunterbrook arrived at an implied $540 million in revenue for the fiscal quarter closing in September, roughly a fifth higher than what Modine has guided to.

Stretched across fiscal 2027, that same math works out to $2.3 billion, a figure that would more than double last year’s results and land above the upper edge of Modine’s 60% to 80% growth target.

That same pipeline also comes with real execution risk. The database also reportedly shows Modine working through supplier shortages and engineering constraints as it scales up production, while pursuing new business further up the cooling stack, including an effort to qualify equipment against Nvidia’s (NASDAQ:NVDA) liquid-cooling specifications.

MOD Shares Are ClimbingMOD Price Action: Modine shares were up 2.42% at $195.35 at the time of publication on Friday, according to Benzinga Pro.

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Image: Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

A lot of New Yorkers seem to appreciate Amazon’s services – that is, unless you’re talking about Mayor Zohran Mamdani, the Democratic Socialists of America and a seemingly unlikely player in this clown show, the Teamsters, On The Money has learned.

There’s a good chance, I am told, that the Seattle-based e-tailing giant pulls out of New York if this gang of three (or shall we call them the three stooges) has its way and the City Council passes a local ordinance that would ban the online retailer and similar businesses from using subcontractors for its deliveries. 

First, let’s be real: Amazon has become an essential utility for many New Yorkers, as it has for shoppers nationwide. It’s why even left-wing class-warfare freaks like Joy Behar of “The View” profess “love” for the online retailer, even if she disdains its billionaire founder Jeff Bezos for, well, being a billionaire. 

There’s a good chance that Amazon pulls out of New York thanks to Mayor Zohran Mamdani and Sean O’Brien of the Teamsters, right. Donald Pearsall / NY Post Design One lefty gripe is that Bezos should pay more taxes, even as he employs over 1 million Americans. Another is that Amazon is using small businesses that employ gig workers to deliver its packages.

There are about 40 small businesses who perform this task in NYC. They pay decent wages to their workers and are required to provide healthcare. But they’re not unionized, which somehow makes it exploitative. That makes Mayor Mamdani a hater, ditto for his fellow travelers in the DSA and now the Teamsters.

Full disclosure: I’m a supporter of unions, the son of a union ironworker. I grew up with my fair share of Teamsters, and know the typical blue-collar political archetype. It veers between center left and center right but comes nowhere close to the DSA lunatic fringe.

That’s why it struck me at least initially as weird that Teamster boss Sean O’Brien – a blue-collar Bostonian who spoke at the GOP’s 2024 convention with a tacit endorsement of Donald Trump – showed up recently to rally with DSA members and lefty city officials to tout the new law as a game changer for workers. 

Look deeper and you can see why: O’Brien is looking for union members, and if you believe his critics, he doesn’t care how he gets there. Past efforts to squeeze more money out of businesses like UPS for its members have led to new contracts but also automation and layoffs. 

One lefty gripe is that Amazon is using small businesses that employ gig workers to deliver its packages. Helayne Seidman for the NY Post Yellow Corporation, a trucking company, blamed its bankruptcy on the Teamsters for refusing to agree on a restructuring that would have cut costs, salaries and jobs but was better than its ultimate liquidation.

The reasons for the bill’s support by Mamdani and among the emerging DSA wing of the state’s Democratic Party are more obvious: These are crypto Marxists (and some not so crypto) with little understanding of real economics and a blind devotion to the weird stuff they learned in college. 

They also can’t add.

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The company has said that its delivery network is built on a fast and low-cost business model. This bill — and the pressure O’Brien is putting on — would make it impossible to sustain that model. These tactics O’Brien has used to cost jobs elsewhere. It would cost each of its local customers an average of $660 a year, Amazon says. That’s a lot of money for working-class consumers in a city where everything already costs above the national average because of our warped regulatory system.

That’s why Amazon has plans to begin a vast relocation of its delivery services to New Jersey, costing as many as 10,000 NYC jobs. Those jobs would impact minorities the most, which you would think is something the DSA might care about.

Reps for the Teamsters and the mayor had no immediate comment.

Brazil's oil discovery in an exploratory well in a controversial offshore frontier off ​the Amazon coast last week has handed President Luiz Inacio Lula da Silva a fresh boost for his reelection campaign, helping him burnish his pro-development credentials ‌in a region that could prove crucial in electing a friendly Senate.

"You can call this," Lula said earlier this week, as he held a tiny vial of oil during a visit to the region, "a passport to this country's future."

Yet even if the discovery ultimately proves commercial, which remains far from certain, state-oil firm Petrobras is unlikely to begin production for at least seven years, meaning any economic benefits would arrive long after ​the International Energy Agency expects global oil demand to peak, around 2030.

Still, Lula's campaign believes that the find could sway voters in Amapa, the state expected to reap ​the biggest gains from any oil development, one person in the campaign told Reuters.

While the state is home to only 803,000 people, small ⁠for the nation's population of 213 million, it is the political base of Senate President Davi Alcolumbre, a hugely influential figure in Congress who could both help elect allies and push ​for legislation that could benefit the campaign in the coming weeks.

The same source added that publicity materials about the oil find are already being made.

OIL BOOM REMAINS UNCERTAIN
Lula was quick to ​compare the oil find in the Amazon to Brazil's huge 2000s revelation, which was unveiled during Lula's second term in office and transformed Brazil's state-run oil firm Petrobras (PETR3.SA) into one of the world's major crude producers.

But Petrobras needs to drill at least three more wells to ascertain if oil production in the region would be commercially viable, said the firm's CEO, Magda Chambriard.

Chambriard said last year that if large reserves are confirmed, Petrobras ​could start production within seven years.

Still, the oil discovery has generated excitement among local officials, who are already thinking about which towns could house oil facilities in Amapa, a state where ​over 90% of the land is covered in pristine rainforest.

Petrobras is studying a logistics center in Amapa, where there are plans to set up two industrial districts, and even build an artificial island for oil ‌industry ships ⁠to dock, said Wandenberg Pitaluga Filho, Amapa's secretary of economic development.

An oil boom around expected development could start in around two years, once Petrobras determines whether oil production in the region is economically viable, said Telmo Ghiorzi, head of ABESPetro, Brazil's oil service company association.

"That is when we will see extraordinary activity," he said.

ENVIRONMENTAL CONCERNS
A campaign focus on oil would contrast with Lula's push to present himself to the world and voters as a climate leader who could save Brazil's immense rainforest from destruction.

Even as he presented the oil find as pivotal for Brazil earlier ​this week, he was also cautious to ​add that he was not walking away ⁠from his commitment to "a day when we no longer need fossil fuels."

Petrobras' push to drill an exploratory well in the Foz do Amazonas basin, near the mouth of the Amazon River, has sparked a contentious debate within Lula's own government, pitting environmental concerns against the oil firm's ​argument that it needs to replenish its reserves.

But, in a tight electoral race, Lula's pro-oil turn could prove useful by helping undo ​views among an increasingly ⁠conservative electorate in the Amazonian states that the president favors the environment over the region's development, said Breno Rodrigo, a political analyst at the Federal University of Amazonas.

"The prevailing view is that excessive environmental preservation and over-regulation have stalled or hindered our development," he added.

The internal dispute led to a years-long delay in permitting, as Brazil's environmental agency Ibama demanded that Petrobras improve its emergency oil ⁠spill response plan. ​Lula at times criticized Ibama, but also claimed the drilling would be done in the safest way possible.

Environmental ​issues materialized in January of this year, after a fluid leaked during the drilling. Ibama fined Petrobras around $480,000 for the leak, while local Indigenous organizations in Amapa said the accident confirmed their concerns about the activities.

"These are the ​contradictions that Lula will have to face, and is already facing," said Rodrigo.

Omaha World-Herald/Omaha World-Herald via Getty Images Luckily, cardboard floats.

An Amazon delivery drone dropped a Texas woman's package into her backyard pool on Monday, flummoxing the woman, who told Business Insider she didn't think she selected the drone delivery option.

"I was inside the house and I heard it," Lindsey Austen said on Thursday. "I was like, 'Is the second coming of Jesus happening?'"

An Amazon customer in Texas was not enthused when her first drone-delivered order was dropped into her swimming pool. After hearing the loud buzzing of the drone arriving, she ran outside to record the delivery, and to her surprise, it landed in her pool. pic.twitter.com/6TIcrJIVAR

— ABC7 News (@abc7newsbayarea) August 19, 2026 The incident, which Austen captured on video, went viral on X on Thursday. In the clip, an Amazon drone hovers above Austen's pool before releasing a package straight into the water.

"After I finished recording, I ran and got it really quick," Austen said. "The box was completely wet and drenched."

In a statement, an Amazon spokesperson did not address the Texas splashdown directly, but said that "incidents" with its delivery drones "are extremely rare."

"When a delivery doesn't go as planned, we learn from it to improve the experience and tae steps to prevent it from happening in the future," the spokesperson, Lindsay Hamilton, said.

Launched in 2022, Amazon announced this week that it would expand its drone delivery service to nearly 500 more cities and towns by the end of the year. Customers can order anything by drone that weighs 5 pounds or less and fits in a large shoebox, the company says. That's the majority of the millions of packages ordered on Amazon every day.

Austen said the package contained dry cat food and shoe insoles for her daughter, neither of which was damaged by the water landing.

The resident of Richmond, a suburb of Houston, said she included those items, along with some light bulbs, in one "normal" order. Soon after ordering, however, she got a notification that the cat food and insoles were coming via drone.

"I kind of think like mine was an error, to be honest, because I didn't select it," Austen said of the drone delivery option.

To select the drone option, which Amazon calls Prime Air, customers must confirm their delivery location using the map feature in the Amazon app, according to an Amazon news release.

The drones are not flown by pilots, but navigate autonomously using onboard cameras and sensors.

Austen said her family has never ordered anything with drones before.

"I ordered like I normally do every single time," she said.

Austen said that although the package arrived quickly — in about 20 minutes, she said — the loud noise dissuaded her from selecting the option again.

Still, she said, watching a drone deliver her Amazon order felt distinctly futuristic.

"It's bizarre," she said. "We're living in the Jetsons era."

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Truman Dickerson is the Weekend News Fellow at Business Insider, based in New York City. He covers trending tech and business news. He previously reported for The Boston Globe's Express Desk. He graduated from Boston University, where he served as editor in chief of The Daily Free Press, BU's student-run newspaper.Contact him at [email protected]

Amazon Drone

Amazon has launched an education program for college students centered around its cloud computing business. Student Rewards on AWS (Amazon Web Services) Builder Center, gives students access to earn AWS, 12 months of premium Skill Builder, and an AWS Certification Foundational exam voucher as they learn, build and connect in the community, the company announced Thursday (Aug. 20).

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Amazon (NASDAQ: AMZN | AMZN Price Prediction) announced that its drone service will serve 500 locations, one of the biggest shifts in the package delivery industry. The idea that trucks and people are taken largely out of the equation could completely change the dynamics and probably finance

The company said, “Prime Air delivers millions of items in as fast as 30 minutes and will reach communities with tens of millions of customers by year-end.” The service will be in place by the end of 2026. It will serve about six times as many locations as it does today.

The service is also described as “ultra-fast,” which means 30 minutes in many cases. Amazon says most deliveries will be groceries, electronics, and cosmetics. This makes sense because none of them are heavy.

The service is currently in Arizona, Florida, Kansas, Louisiana, Michigan, Nebraska, and Texas. Amazon will add Georgia, Ohio, Illinois, Idaho, and New York.

Amazon said the service is already operating at an astonishing level. David Carbon, vice president of Amazon Prime Air, commented, “We’ve already delivered hundreds of thousands of packages to customers by drone this year.” Amazon also provided a map of the cities it serves and those it will serve later this year.

In theory, it eliminates truck fuel costs, truck costs, driver wages, and road delays. However, Amazon did not mention the challenges it faces.

The FAA has asked questions about drone delivery. Low-flying planes around airports could be endangered. Drones can fly at 60 miles per hour and up to 400 feet high. They can carry packages as heavy as five pounds. In other words, they are not tiny.

Two other challenges come to mind. First, the drones are not silent. They will be heard from the ground by people not getting deliveries. And there is the problem of privacy. Anyone watching carefully will be able to see where a package is delivered. This brings with it the risk of thieves, although this is a problem with truck-delivered packages as well.

Amazon’s announcement had nothing but good news. But, that is not entirely the case.

Contact [email protected] for any questions or corrections.

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In Mason County, Kentucky, near Maysville, Ida Huddleston and her daughter Delsia Bare turned down roughly $26 million for about half of their 1,200-acre family farm. The buyer, unnamed in every account and described by People.com as a Fortune 100 company, wanted the land for an AI data center. The price worked out to roughly ten times the local going rate of about $6,000 an acre. The family said no, and has since joined a lawsuit seeking to block the project entirely.

The farm has been worked across generations and reportedly sustained the family through the Depression. That generational stewardship is central to their reasoning. Bare framed the refusal religiously, telling Fox Business she must “occupy” the land she was given until Christ’s return, and would be held accountable for failing to. Huddleston told Fox News: “They call us old stupid farmers, you know, but we’re not. We know whenever our food is disappearing, our lands are disappearing.” She called claims of local economic benefit “a scam.” Fox Business put the proposed facility at 2.2 gigawatts.

Opposition Spans Parties, Regions, and Demographics A Gallup poll of 1,000 U.S. adults conducted March 2-18, 2026 found 71% of Americans oppose construction of an AI data center in their local area, with 48% strongly opposed. Independents opposed at 74%, Republicans at 63%; Midwest 76%, South 75%, East 68%, West 63%. Gallup described opposition as consistent across age, race, education and income. A separate Reuters poll found only about a third of Americans approve of the current pace of construction, and just 14% would be comfortable with one built nearby.

Vincent Peters, a former SpaceX manager, argued on Fox Business that the pushback is class grievance, driven by a sense that Big Tech treats rural communities as marks to be exploited.

Projects Blocked, Delayed, and Litigated Data Center Watch counted at least 75 projects worth roughly $130 billion blocked or delayed in the first quarter of 2026 alone, the largest single-quarter concentration on record and roughly matching all of 2025 in three months. More than 300 state data center bills were introduced in the first six weeks of the year, and opposition groups now operate in 49 states.

Introl’s tally from mid-2024 put $64 billion in projects blocked or delayed, with cancellations rising from 2 in 2023, to 6 in 2024, to 25 in 2025. On July 18, 2026, activists staged 142 protests across 42 states in a single day.

Warrenton, Virginia voters ousted their entire town council in November 2024 over a proposed Amazon (NASDAQ:AMZN | AMZN Price Prediction) data center; the successor council banned data centers via zoning. A Virginia court voided the rezoning for the 2,100-acre “Digital Gateway” project in Prince William County in January 2026. New York Governor Kathy Hochul signed the nation’s first statewide hyperscale moratorium by executive order on July 14, 2026. More than 300 localities have enacted bans or moratoriums.

Water, Power, and Who Pays Per Introl, water concerns appear in more than 40% of opposition cases and electricity costs in more than 35%. A mid-size facility can use as much water as a small town; large ones consume up to 5 million gallons daily. Residents near Meta (NASDAQ:META)’s Newton County, Georgia campus have reported damaged wells. A typical large facility generates about 1,700 construction jobs but only 150 permanent ones.

The EIA’s April 2026 Annual Energy Outlook notes that after 15 years of nearly flat U.S. electricity consumption, demand rose 2.1% annually over the last five years, with data center servers a major driver. On April 29, 2026, the House Energy and Commerce Committee held a hearing titled “AI and the Grid: Meeting Growing Power Demand While Protecting Ratepayers.” All of that load has to be generated, moved, and cooled by somebody, which is why we pulled seven of the suppliers behind the buildout into a free report on the picks-and-shovels side of AI.

Industry Answer and What Comes Next Operators frame data centers as critical infrastructure needed to keep AI development and its national-security advantages on U.S. soil rather than ceding ground to China. Some are testing Community Benefit Agreements: Lancaster, Pennsylvania’s includes water-use caps, noise controls, and $20 million in community contributions. Peters compared today’s friction to early resistance to airports, highways, and railroads, industries that eventually learned to “establish some kind of happy balance with the community.” On the Huddleston farm, that balance has not been struck.

Contact [email protected] for any questions or corrections.

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Elon Musk argued that Delta would lose customers by not choosing Starlink. Bloomberg/Getty Images Elon Musk isn't over Delta Air Lines choosing a rival in-flight WiFi provider instead of Starlink.

After some X users posted about choosing to book with United Airlines over Delta due to its Starlink internet, Musk said on Wednesday, "I warned them. It will get much worse."

It comes after Musk said Delta would "lose customers" when the airline announced a deal with Amazon Leo in May.

Leo operates similarly to Starlink, using a constellation of satellites in low Earth orbit. This means they provide stronger, faster connections because the satellites are closer to the planet and cover more areas than traditional in-flight WiFi providers.

When it comes to scale, Starlink is well ahead, with over 10,000 active satellites and deals with 43 airlines. Amazon Leo has just under 400 satellites and aims to launch over 3,000. It has only two announced airline customers so far — JetBlue and Delta.

Amazon plans to start the service with JetBlue next year and is scheduled to be available on Delta in 2028.

There's no evidence to suggest that customers eschewing Delta for other airlines with Starlink is widespread, though SpaceX President Gwynne Shotwell said during its recent earnings that one airline, which she didn't name, had reported some customers were choosing unnecessary layovers to ensure they were on a flight with Starlink.

CEO Ed Bastian said one of the reasons Delta chose Amazon Leo is that it is cheaper.  Brian Snyder/Reuters Delta's main rivals, United and American Airlines, have both chosen Starlink, but access is still fairly uncommon across most airlines, as installing the terminals requires taking planes out of service.

It's available on over 400 United airplanes — about a quarter of its fleet — and the airline hopes to have it equipped on nearly 1,000 by the end of the year.

American isn't planning to launch Starlink until early next year.

Back in May, Delta CEO Ed Bastian told Bloomberg that the airline chose Amazon Leo thanks to an "improved bandwidth with a much lower price point than what we've ever seen from Starlink."

An airline spokesperson at the time also cited the potential for a "broader partnership" with Amazon beyond just in-flight WiFi.

Delta did not immediately respond to a request for comment on Musk's latest comments.

It's not the only airline that Musk has rebuked over Starlink.

In January, Ryanair CEO Michael O'Leary said he wasn't interested in Starlink, suggesting that installing the terminals on airplane fuselages would increase drag and, in turn, fuel costs.

Musk and O'Leary then engaged in a dayslong war of words, including Musk suggesting he could buy Ryanair, and calling for O'Leary's firing.

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Pete Syme You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Pete Syme is an aviation reporter for Business Insider, based in London.He writes about all things related to the industry, such as flight diversions, aviation safety, airline updates, travel tips, plane tours, and aviation leaders.Pete has appeared on BBC News to discuss a Heathrow Airport closure and on Sky News to talk about Boeing.Before joining Business Insider in 2022, he graduated with an MA in Newspaper Journalism from City, University of London. While getting his BA in English from the University of Exeter, he was the award-winning deputy editor of the student newspaper, Exeposé.You can get in touch by emailing [email protected] or via Signal @syme.99.

Elon Musk Starlink Aviation More Airlines Travel

Aurora Investment Managers LLC. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 23.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,702 shares of the e-commerce giant’s stock after purchasing an additional 5,256 shares during the quarter. Amazon.com makes up approximately 4.0% of Aurora Investment Managers LLC.’s holdings, making the stock its 14th largest holding. Aurora Investment Managers LLC.’s holdings in Amazon.com were worth $6,602,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Red Crane Wealth Management LLC boosted its holdings in 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 valued at $346,000 after acquiring an additional 38 shares in the last quarter. Robinson Smith Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 40 shares in the last quarter. Sfam LLC raised its stake in Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after buying an additional 40 shares during the last quarter. Measured Risk Portfolios Inc. raised its position in shares of 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 purchasing an additional 40 shares during the last quarter. Finally, CoreFirst Bank & Trust grew 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 valued at $754,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance AMZN opened at $265.84 on Thursday. The company’s 50 day moving average is $249.09 and its 200 day moving average is $239.06. The company has a market cap of $2.87 trillion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.73 and a beta of 1.45. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. 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 posted its quarterly earnings data 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 firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same period in the prior year, the business posted $1.68 EPS. Amazon.com’s revenue was up 19.6% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year. Insider Buying and Selling In related news, CEO Douglas J. Herrington sold 3,741 shares of Amazon.com stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $262.76, for a total transaction of $982,985.16. Following the sale, the chief executive officer owned 467,138 shares of the company’s stock, valued at approximately $122,745,180.88. This trade represents a 0.79% decrease in their position. The sale 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, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% 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 quarter, insiders sold 16,011 shares of company stock valued at $4,256,608. Company insiders own 8.90% of the company’s stock.

Key Amazon.com News Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Prime Air expansion: Amazon plans to expand drone delivery to nearly 500 U.S. cities and towns by the end of 2026, roughly six times its current footprint. Deliveries could arrive in as little as 30 minutes for packages weighing up to five pounds. The move reinforces Amazon’s delivery advantage and supports efforts to compete with Walmart, FedEx and other logistics providers. Amazon to expand drone service to nearly 500 cities Positive Sentiment: AWS and AI momentum: AWS revenue reportedly grew 37% year over year to $42.2 billion in the latest quarter, its fastest growth in 18 quarters. Amazon also said its AWS AI business surpassed a $25 billion annualized revenue run rate, strengthening the case that AI workloads are accelerating cloud growth and could improve long-term earnings. Amazon’s AI business passed a $25 billion run rate Positive Sentiment: Infrastructure investment: Amazon increased its planned investment in a northwest Louisiana data-center campus from $12 billion to approximately $18 billion, signaling sustained demand for AWS capacity and allowing the company to secure power and water infrastructure in advance of regional grid constraints. Amazon Plugs $18B Into the Southern Power Grid Positive Sentiment: Analyst support: Wall Street’s average price target implies substantial potential upside, with analysts citing improving earnings estimates and AWS reacceleration. Wall Street analysts think Amazon could surge Neutral Sentiment: Alexa+ availability: Amazon made its AI-powered Alexa+ available at no additional cost to Fire TV users without requiring Prime membership. The broader user base could support future engagement and monetization, although the immediate financial impact is unclear. Amazon makes Alexa+ free on Fire TV Negative Sentiment: Capital-spending risks: The rapid data-center and AI buildout may pressure free cash flow, depreciation and returns. AWS also faces rising competition from other cloud providers and specialized AI infrastructure companies. Negative Sentiment: Insider transaction: CEO Douglas Herrington sold 3,741 shares worth approximately $983,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 0.79%, making it a limited bearish signal. SEC insider transaction filing Analyst Upgrades and Downgrades AMZN has been the subject of a number of analyst reports. Mizuho set a $330.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Barclays reiterated an “overweight” rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. TD Cowen reissued 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. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $335.00 price objective (up from $330.00) on shares of Amazon.com in a 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.56.

Check Out Our Latest Report on AMZN

Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Amazon
AMZN +1.82% 93

, the e-commerce, advertising and cloud-computing giant, advanced roughly 1.6% to $263.64 Wednesday morning as buyers charged back into mega-cap technology. Tuesday's rate-driven selloff knocked growth stocks down. Wednesday brought the snapback. For Amazon, investors are quickly returning to the story that matters most: AWS is accelerating just as the AI infrastructure race gets bigger.

The growth is hard to ignore. Amazon's second-quarter sales ripped 20% higher to $200.6 billion, while operating income jumped 43% to $27.5 billion. AWS was the monster number. Cloud revenue surged 37% to roughly $42.2 billion, its fastest growth in 18 quarters, while AWS operating income reached $16.6 billion. Amazon is not simply spending into the AI boom. Its biggest profit engine is already showing that customers want more computing capacity, and they want it fast.

Now comes the expensive part. Amazon expects roughly $220 billion of capital spending in 2026, a staggering bill even by Big Tech standards. But investors are giving the company room because demand is running hot and AWS growth is answering some of the toughest questions around that spending. The valuation picture raises the stakes: at $263.23, Amazon sits 6.98% above its GF Value™ of $246.06. That is not a screaming valuation gap, but it does mean the market is already pricing in plenty of execution. Amazon can keep that premium if AWS keeps roaring. If cloud growth cools while the spending stays enormous, the stock suddenly has much less room for excuses.

Check the Warning Signs for

AMZN

now!

Amazon Prime Air is expanding its drone delivery services in the US. Omaha World-Herald/Omaha World-Herald via Getty Images The sight of Amazon's delivery drones buzzing over their homes could soon be the norm for a growing chunk of Americans.

Amazon said Prime Air is expanding its drone delivery service to almost 500 US cities and towns by the end of this year. The company plans to make the service available to customers in Illinois, Georgia, Ohio, Idaho, and New York.

That's a major ramp up. Seven states, including Nebraska and Florida, already have access.

The company says that any items that weighs 5 pounds or less, and that can fit in a large shoe box, can be delivered by a drone. That's the majority of the millions of packages ordered on Amazon every day.

"Orders arrive in as fast as 30 minutes, with most orders arriving around 60 minutes after checkout," Amazon sad in a press release.

Amazon said it uses "multiple" independent systems to keep the autonomous aircraft performing safely, including its "Detect-and-Avoid" system that monitors airspace and the environment. "It's similar to a trained pilot who scans the surrounding airspace, and it allows the drones to independently see and make real-time decisions while in flight."

Although Amazon hasn't shared the full list of locations, customers can check if they're currently eligible for the service through the company's website. On the homepage, customers can click into the drop-down menu and find "Drone Delivery" under the "Programs & Features" section.

Once a customer selects "Drone Delivery," they'll be taken to the drone delivery webpage, which includes a map of current and future locations. Additionally, clicking the "Shop Now" button in the drone delivery section will reveal a customer's status.

Launched in 2022, Amazon is positioning Prime Air as the next horizon in delivery services. Customers can order everything from groceries to medications and electronics.

Walmart has also ramped up its own drone delivery service over the last year, bringing it to 100 more stores in places like Atlanta, Charlotte, Houston, Orlando, and Tampa.

While that sounds convenient, the sounds of the drones themselves might prove an issue for some residents — as anyone who has tried to chill on a beach while someone flies a consumer drone to get that sweeping shot for Instagram can attest.

Are you worried about the noise from delivery drones? Privacy issues? Something else? Share your thoughts about delivery drones in the comments.

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Lauren Edmonds You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Lauren Edmonds is an award-winning reporter on the Business News team. When news isn't breaking, she covers personal finance, kitchen-table economics, and paths to financial freedom, including investing, real estate, side hustles, and small business. She also writes about guaranteed and universal basic income programs in the United States.Lauren has also covered lifestyle and entertainment, digital culture, and more. She has a master's degree from the Columbia University Graduate School of Journalism and resides in New York City.Do you have an interesting story to tell? You can reach Lauren at [email protected] or on Signal at ledmonds0.07.Popular StoriesNetflix wants to be Disney when it grows up Why Hollywood is paying this 17-year-old up to $20,000 to boost film trailers with TikTok editsHere's all the free money Trump's talked about giving Americans during his second term — and where it all standsA 17-year-old earned $72,000 after investing his e-commerce profits into stocks. Here's why he bet on the tech industry.Lawmakers float a nationwide basic income experiment that would cover the cost of a 2-bedroom apartmentNearly 30,000 Americans have received about $335 million in basic income. Here are 5 takeaways. Americans ditch suffocating healthcare costs and divisive politics to retire in Italy: 'It's the way they approach life'From 'road-schooling' to gas that costs $500, this family of 4 shares what it's like living in a solar-powered Greyhound bus

Amazon Drone

Amazon (AMZN +1.79%) has had an exciting couple of weeks. Prior to reporting earnings, its stock was flat for the year. Following earnings, it spiked 20%, although it has since come down to around a 15% gain for the year. However, I think this slight sell-off following the initial spike is about investors taking some gains, while long-term bulls are currently piling into this stock.

The reality is that Amazon delivered a jaw-dropping quarter, and its future looks incredibly bright. This could ignite a year-end rally leading to new highs before 2026 is over.

Image source: The Motley Fool.

What made Amazon's Q2 so special? When most investors think about Amazon, they undoubtedly focus on the commerce operation of buying and delivering goods. While this is what built the company into the behemoth it is today, it's not what will make it bigger.

During the second quarter, North American commerce sales rose by 16% year over year, while international sales increased by 15%. Those are strong results, but they aren't going to lead to the kind of growth that gets investors excited, especially in the age of investing in artificial intelligence (AI). However, management has a growth trick up its sleeve that's benefiting from the AI building boom: cloud computing.

Amazon Web Services (AWS), the company's cloud computing division, is the largest cloud provider in the world. AWS is thriving because most companies that want to develop or deploy AI applications don't have the necessary computing power, so they turn to cloud providers.

Amazon is more than happy to oblige, as it makes a nice profit on buying computing capacity, then renting it back out to clients. There is so much demand that Amazon is budgeting around $220 billion on total capital expenditures this year. Still, that won't be enough.

Today's Change

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CEO Andy Jassy said on the conference call that his company does not have enough computing capacity to meet demand in 2026 and will likely be in the same situation in 2027. Management is already seeing 2028 demand pop up, indicating that this elevated spending will likely persist, and it's also delivering strong results. Total revenues in 2026 are projected at $828 billion.

With high demand for cloud computing capacity, Amazon has to spend a boatload of money for infrastructure. Then, it can focus on growth and profitability. This is already showing up, as AWS revenue has picked up the pace and grew 37% year over year during the second quarter.

Once Amazon's 2026 investment of $220 billion goes online, this will intensify the effect, leading to outsize revenue growth. As another boost, AWS actually generated 60% of its parent company's operating profits during the second quarter thanks to its superior margin profile. This means overall profits will grow faster than revenue, potentially leading to strong stock gains.

But where will the stock price be by the end of the year?

Amazon is due for more upside At 21 times earnings, Amazon stock is about as cheap as it has been in recent history. Furthermore, it's far cheaper than the S&P 500, which trades for 25.3 times earnings.

AMZN PE Ratio data by YCharts; PE=price to earnings.

The problem is that this metric is currently skewed by one-time effects due to gains on investments. Instead, I'll look at Amazon's operating price-to-earnings (P/E) ratio, which doesn't include these effects.

AMZN Operating PE Ratio data by YCharts

Since 2025, Amazon seems to have settled into being valued at about 30 times operating profits, which is a similar level to its big tech peers. That tells me that it's not undervalued right now. As a result, any stock growth will come as a result of business growth.

Over the past few quarters, Amazon's operating income growth has accelerated to about double the pace of its revenue growth -- a trend that will likely persist due to AWS's strength.

AMZN Revenue (Quarterly YoY Growth) data by YCharts

If Amazon can keep growing its operating income at its current pace and maintain the 13.7% margin it produced in Q2, then Amazon projects to produce $114 billion in operating income for 2026. At a 30 times operating P/E valuation, that would price the company at $3.4 trillion. That indicates a 22% upside from today's stock price, leading to a projection of $316 per share at the end of the year.

That's a great gain in just a few months, making Amazon a smart stock to buy now.

Shares of Amazon (AMZN - Free Report) have gained 4.8% over the past four weeks to close the last trading session at $259.45, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $325.86 indicates a potential upside of 25.6%.

The mean estimate comprises 56 short-term price targets with a standard deviation of $29.32. While the lowest estimate of $230.00 indicates a 11.4% decline from the current price level, the most optimistic analyst expects the stock to surge 54.2% to reach $400.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

However, an impressive consensus price target is not the only factor that indicates a potential upside in AMZN. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in AMZNThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, 13 estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 3.7%.

Moreover, AMZN currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much AMZN could gain, the direction of price movement it implies does appear to be a good guide.

AI is coming to your TV, whether you want it or not.

On Wednesday, Amazon said its AI assistant, Alexa+, will be rolled out to all compatible Fire TV devices in the U.S. for free, whether or not the customer has a Prime subscription. The update brings conversational search, smart home controls, and AI-powered recommendations, the company says.

Previously, Alexa+ cost $19.99 per month for anyone who didn’t have an Amazon Prime membership, and was initially made available to the new Fire TV devices the company announced last fall.

Now, Amazon says that everyone will be upgraded to Alexa+ automatically. They won’t need to download an app or sign up for a subscription. Compatible devices include all the current-generation Amazon Fire TV Sticks, the Fire TV Cube, Amazon Ember smart TVs, and other smart TVs that have Alexa+ built in, including Hisense and Panasonic.

The move follows an industrywide push to make AI services available on more consumer electronic devices, often through non-optional upgrades like this. Google, for instance, rolled out Gemini to its Google TV platform earlier this year, replacing simple search features with AI-powered conversational modes. Roku upgraded its voice assistant to AI last year, too.

The companies point to metrics like time spent with the features to suggest positive consumer adoption trends. For instance, Amazon says that Alexa+ customers now have nearly twice as many conversations on Fire TV as they did with the original Alexa, which apparently suggests that customers with Alexa+ are no longer using their TV only as a lean-back source of entertainment, and are instead engaging with the AI, too.

Whether or not that’s a good thing is debatable.

Amazon says that with Alexa+, users don’t have to ask for shows by title, but can instead ask for suggestions based on other factors such as theme, age, or popularity — for example, “a top-rated thriller” or “a historical drama with a strong female lead.”

The AI bot can also help customers manage and control their smart home, including displaying their Ring camera feeds on the TV.

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Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

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Czech National Bank raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,786,316 shares of the e-commerce giant’s stock after acquiring an additional 125,832 shares during the quarter. Amazon.com accounts for about 3.6% of Czech National Bank’s investment portfolio, making the stock its 4th largest holding. Czech National Bank’s holdings in Amazon.com were worth $664,091,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the period. State Street Corp lifted its holdings in Amazon.com by 1.8% in the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after buying an additional 6,971,680 shares in the last quarter. Geode Capital Management LLC boosted its position in Amazon.com by 1.1% in the 4th 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 buying an additional 2,479,324 shares during the last quarter. Norges Bank purchased a new position in Amazon.com in the 4th quarter valued at about $32,868,735,000. Finally, Auto Owners Insurance Co grew its stake 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 acquiring an additional 98,090,585 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.7% Shares of NASDAQ AMZN opened at $259.45 on Wednesday. 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’s 50 day moving average price is $248.53 and its two-hundred day moving average price is $238.89. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The stock has a market capitalization of $2.80 trillion, a P/E ratio of 20.87, a PEG ratio of 1.75 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued 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 return on equity of 18.00% and a net margin of 17.44%.The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter last year, the firm earned $1.68 EPS. The business’s revenue was up 19.6% on a year-over-year basis. On average, analysts anticipate 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: Bullish AWS outlook: Morgan Stanley reiterated its bullish view and said AWS could eventually become a $1 trillion annual-revenue business if Amazon successfully converts AI capacity into durable cloud demand. The firm maintained a $335 price target. Amazon’s $500 Bull Case Puts AWS Under Massive Pressure Positive Sentiment: Expanded data-center investment: Amazon raised its planned Louisiana investment to approximately $18 billion and added a third campus. Securing power, water and transmission capacity could support AWS expansion and AI workloads, although it will increase near-term capital requirements. Amazon Raises Louisiana Investment To $18 Billion, Adds Third Data Center Campus Positive Sentiment: AI and retail initiatives: Amazon’s conversational shopping tools and AI-powered advertising are reported to be increasing product discovery, advertiser returns and retail volumes. These efforts could strengthen both e-commerce monetization and AWS demand. Amazon Thinks AI Is About to Change the Way We Shop Positive Sentiment: Institutional support and logistics expansion: Baupost, Coatue and Appaloosa added to Amazon positions, while Third Point’s 10% reduction appeared to be a modest rebalance rather than a full exit. Amazon also holds warrants representing about 12% of Einride, which is expanding its electric freight network with 500 Tesla Semi trucks. A Star Investor Just Trimmed Amazon Neutral Sentiment: Mixed hedge-fund signals: Q2 filings showed major investors making sharply different moves, including sizable purchases by Viking and Druckenmiller’s Duquesne alongside reductions by Bridgewater and others. The filings support interest in AMZN but do not establish a uniform institutional view. Amazon Sees Heavy Hedge Fund Activity in Q2 Negative Sentiment: AI spending and financing concerns: Amazon is part of a broader hyperscaler borrowing surge to fund AI infrastructure, while analysts warn that elevated capital expenditures could depress free cash flow and raise depreciation expenses before returns are proven. Rival CoreWeave also highlights the risk that some high-margin AI workloads may bypass AWS. Negative Sentiment: Project and regulatory risks: A proposed $10 billion Houston data-center campus faces scrutiny over secrecy and tightening Texas rules. Separately, concerns about emissions from gas plants supporting AI data centers could increase regulatory and reputational pressure. Amazon’s $10B Houston Data Center Project Hits Snags Insider Activity In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total value of $620,003.94. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. The trade was a 18.37% 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 62,650 shares of company stock valued at $16,535,457 over the last three months. 8.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on AMZN shares. Rosenblatt Securities lifted their target price on Amazon.com from $332.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Bank of America increased their price target on Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group set a $318.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Friday, July 31st. Wolfe Research restated an “outperform” rating and set a $315.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $325.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. One investment 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’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $322.56.

Read Our Latest Report on Amazon.com

Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also Five stocks we like better than Amazon.com The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond 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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$339.60

+0.81%

Key Points:Tesla holds most of its recent rebound, with $350 and the 50-day EMA shaping the next resistance test.Amazon is testing the 50% Fibonacci retracement as the 50-day EMA adds potential support after its earnings-driven surge.Apple is stabilizing above $300, where a developing double bottom and AI partnership speculation could support further upside.

In this article:TSLA

+0.81%

AMZN

+0.66%

AAPL

+1.96%

NVDA

-1.13%

Tesla Tesla looks like it is going to try to keep most of the gains from the previous session. It’s down ever so slightly in pre-market trading, but remaining elevated is a good sign. It shows that it continues to have at least some support at this point.

The $350 Level I’ll be watching the $350 level. It’s where we turned around from previously, and it is a level that’s been important in the past. Clearing that would be a huge victory, but right now, it looks like we have a little bit of a dogfight on our hands. The 50-day EMA racing towards that area will be important as well, but we have bounced pretty significantly over the last couple of weeks.

Tesla daily chart shows the rebound approaching $350 resistance and the 50-day EMA. Source: TradingView.

Amazon The market for Amazon looks like it is ever so slightly positive, and this is a market that shot straight up in the air and has since pulled back from that big earnings beat. Right now testing the 50% Fibonacci retracement level; that’s a good sign for technical traders as well, and we have the 50-day EMA just below there, so that in and of itself might attract a certain amount of attention also.

Amazon daily chart shows price testing Fibonacci support with the 50-day EMA below. Source: TradingView.

Apple Apple looks like it’s fighting back. We had a little bit of a double bottom here at the $300 level play out, and in pre-market trading, it’s slightly positive. So, after that really bad reaction to some comments during the earnings call, it looks like we have stabilized just above $300, and now there might be value hunting.

A Double Bottom Trying to Prove Itself This is a market that had been in a pretty strong uptrend, and part of what’s going on here is there seems to be a lot of speculation on Wall Street about Apple and Nvidia or some other tech giant working together. I’ve seen a couple of stories about this, how they may get into the AI race as well. It’ll be interesting to see how that plays out, but from a technical analysis standpoint, this looks like a double bottom that’s trying to prove itself correct.

Apple daily chart shows stabilization above $300 as a potential double bottom develops. Source: TradingView.

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Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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Millions more people may be able to get smaller, lightweight Amazon packages delivered by drones by the end of the year under a plan the company announced Thursday to expand the airborne shipping to suburban areas in nearly 500 U.S. cities.

Customers could receive the drone deliveries in as fast as 30 minutes, Amazon said in a news release. The drones can carry packages up to 5 pounds.

The plan will intensify the battle between Amazon and Walmart to provide consumers with the fastest delivery times. Both giants rely on a mix of drones and drivers to deliver everything consumers have ordered.

Amazon’s plan would expand its drone delivery operation more than sixfold nationwide into hundreds of new communities, including the Chicago, Atlanta, Cleveland and Boise metro areas. The drones will primarily fly in the suburbs well away from skyscrapers and major airports that could cause problems.

Drone delivery is growing fast but remains a small factorHundreds of thousands of packages have already been delivered by Amazon drones this year, but even after this expansion drones will still only handle a fraction of the hundreds of millions of package deliveries each year. In addition to only being able to carry 5 pounds, the drones Amazon builds face countless challenges from tree cover to landscaping and inflatable pools that can make it hard to find a good drop zone.

There are also regulatory hurdles to overcome in every community where Amazon wants to set up operations. Noise concerns also pose a potential challenge.

“It’s still an experiment. It’s still in test and learn mode,” said Sucharita Kodali, who is a retail analyst with Forrester.

The novelty of drone delivery may attract orders at firstInitially, consumers might order something delivered by drone because they are curious about it, but it’s not clear how often they will continue to use the service, and Amazon is still working out the economics, Kodali said.

The service will be free for Amazon Prime members who are ordering more than $50 worth of goods, but smaller orders will cost members $2.99. Non-members will pay $4.99 for drone delivery.

Prime members get free deliveries while non-members pay a flat fee if the shipment is under $35 for standard delivery or up to $12.99 for same‑day shipments when available.

Kodali said drones could prove more useful for certain light-weight deliveries that are needed urgently like prescription medications.

DoorDash and other delivery companies also are experimenting with using drones to deliver foods and other goods.

Amazon CEO believes drone delivery will be part of the mixAmazon’s CEO Andy Jassy told shareholders in his annual letter in April that the company has learned a great deal by flying drones in 11 sites across Arizona, Florida, Kansas, Louisiana, Michigan, Nebraska, and Texas. In each location, the drones launch from an Amazon warehouse and cover about 175 square miles, so it takes multiple drone launching locations to serve a large metro area.

“Prime Air now has a design that’ll scale, plans to serve communities with 30 million customers by year-end, and expects to deliver half a billion packages by the end of this decade (with an aim to deliver inside 30 minutes),” Jassy wrote.

Amazon is also continuing to invest in its warehouses, smaller fulfillment centers closer to customers and its fleet of trucks as the company competes to deliver packages within minutes or hours instead of just days.

Amazon is already certified by the Federal Aviation Administration and the company has been awarded waivers to fly drones beyond the line of sight of the pilots. Amazon has invested in safety measures to help drones avoid collisions with anything else in the sky while they are making deliveries.

The federal government has proposed a rule that would allow more drone operators to fly beyond the horizon, but that hasn’t been finalized yet.

The early-rate deadline for the Most Innovative Companies Awards is Friday, September 4, at 11:59 p.m. PT. Apply today.

Amazon(AMZN -0.71%) put a number on its artificial intelligence (AI) business in its July 30 earnings report, and the number deserves more attention than it got. The AI business inside Amazon Web Services (AWS) has passed a $25 billion annual revenue run rate, management said, and it is growing at triple-digit percentages year over year.

(Amazon's custom chip business separately passed the same mark. The company hasn't said how much the two overlap.)

A business of that size, and growing that fast, inside a company priced on ordinary growth assumptions, can decide a five-year return on its own. What could it make the stock worth by 2031?

Image source: Getty Images.

Inside the accelerationThe AI line sits inside a segment that is itself speeding up. AWS grew net sales 37% year over year to $42.2 billion in the second quarter (growth that management called its fastest in 18 quarters), putting the unit at a $169 billion annualized revenue run rate.

To me, the margin move is even more impressive. AWS operating income reached $16.6 billion for the quarter, up about 64% year over year from $10.2 billion, expanding the segment's operating margin from about 33% to about 39%.

And the demand reaches years out. CEO Andy Jassy said on the July 30 earnings call that AWS's backlog of contracted work reached $496 billion in the quarter. Measured against the unit's current pace, the backlog alone is close to three times a full year of AWS revenue.

The $25 billion AI line is the fastest-moving of those AWS numbers. After all, triple-digit growth means it is on pace to double again within about a year.

Five years of compoundingIf the AI business doubles just twice more by 2031, that works out to about 32% annualized growth (a hard deceleration from triple digits), and it would still take the line from $25 billion to about $100 billion of annual revenue.

The rest of AWS, about $144 billion of the current run rate, growing at a far more ordinary 12% to 15% a year, could reach somewhere between $250 billion and $290 billion. Put together, AWS could plausibly be a $350 billion to $390 billion business by 2031 -- about double the whole segment today.

Margins decide what that is worth. If AWS holds an operating margin anywhere near the second quarter's 39%, the segment alone could produce somewhere around $140 billion of annual operating income by 2031. For perspective, the entire company generated $27.5 billion of operating income last quarter, about $110 billion at an annual pace.

And none of that counts the retail and advertising businesses that still produce most of Amazon's revenue.

The price already assumes a lotAmazon's market value is about $2.82 trillion as of this writing, with shares around $261, about 9% below their early August record. The stock costs about 28 times forward earnings. The price-to-earnings ratio looks far cheaper, but it leans on a one-time item: the $53.4 billion of non-operating income, mostly gains tied to the company's Anthropic investments, that landed in the second quarter.

For the stock to compound at 12% a year through 2031, Amazon's value would need to reach about $5 trillion. At 25 times earnings at that point (a slightly cheaper multiple than today's forward figure), the company would need about $200 billion of annual net income, roughly double the earnings base the current price rests on.

Today's Change

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-0.71

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Current Price

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259.45

Doubling profits in five years works out to about 15% a year. That's the growth the current price quietly assumes.

Whether it's conservative or generous comes down mostly to AWS -- and within AWS, to the AI line. If the segment's margin holds while the AI business scales, the target gets easier each quarter. If heavy spending eats the margin instead, the 2031 numbers may prove out of reach.

Of course, the spending is enormous. Management raised this year's capital expenditure plan to about $220 billion, and Amazon's free cash flow over the trailing 12 months swung to a $7.6 billion outflow. And the depreciation bill from those data centers will weigh on reported earnings well past 2026.

But a $25 billion business growing at triple-digit rates is exactly what all of that spending was supposed to create. I think the AI line is what makes the five-year math plausible. At about 28 times the earnings expected of it over the next 12 months, the price assumes strong growth. Based on what AWS just reported, the assumption looks reasonable to me.

Institutional investors added more than 70 million shares of EV maker Rivian Automotive Inc. (NASDAQ:RIVN) in the second quarter of 2026.

Amazon, Uber in the MixAccording to a report by Electric Vehicles on Tuesday, 417 holders raised their positions in the EV maker by a combined 106,424,812 shares, while 318 investors cut back on Rivian by 31,005,657 shares. 85 investors exited their position in the automaker, opening up 4.9 million shares, the report said.

Uber Technologies Inc. (NYSE:UBER), which has a $1.25 billion partnership with Rivian to develop and deploy autonomous robotaxis, opened a new position with 19,553,911 shares at just over $289 million. In total, Rivian had 941 institutional holders, including Amazon.com Inc. (NASDAQ:AMZN), which held 158,363,834 shares, in a position roughly worth $2.3 billion.

Investment firm D.E. Shaw purchased 12,203,342 shares, constituting a 141% increase in its Rivian holdings in the second quarter. BlackRock Inc. (NYSE:BLK) also raised its position by 2,448,064 shares in the quarter. Notably, German automobile giant Volkswagen Group had completed an investment worth $1 billion in the automaker earlier this year.

Gary Black Backs RivianInvestor Gary Black of The Future Fund LLC backed Rivian’s R2 Crossover SUV’s launch, saying the SUV would significantly expand the automaker’s Total Addressable Market (TAM) with the standard R2, which Rivian says will start at $45,000.

Read Next

Meanwhile, Rivian CEO RJ Scaringe, during the automaker’s second-quarter earnings call, said that Chinese automakers were hard to compete against due to advantages like cost structure and support from the government.

Rivian Begins E-Bike DeliveriesRivian recently began to reportedly deliver its TM-B e-bikes made by Also Inc., which spun out of Rivian following months of delays and frustrated customers. The spin-off had earlier gained a valuation of $1 billion after it raised $200 million through funding from Greenoaks Capital.

Benzinga Edge Rankings show Rivian provides satisfactory Momentum, but fails to provide a favorable price trend in the Short, Medium and Long term.

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Price Action: Rivian Automotive shares were up 0.54% to $14.86 during pre-market trading on Wednesday.

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Check out more of Benzinga’s Future Of Mobility coverage by following this link.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Amazon.com Inc. (AMZN, Financials) said in its latest quarterly financial report that major hedge funds took sharply different positions in the e-commerce and c

Amazon.com Today

$260.45 -0.86 (-0.33%)

As of 03:08 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$196.00▼

$287.2020.94

$322.56

Few things unsettle investors quite like the sight of a famous name heading for the exit.

So when news broke last week that investor Dan Loeb's Third Point fund had trimmed its stake in Amazon.com Inc. NASDAQ: AMZN, just as the shares slid back from record highs, it was tempting to read it as a red flag. If one of the sharpest investors around is selling, then perhaps ordinary shareholders should worry too?

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However, the reality is more nuanced, and a closer look at the move tells a very different story.

Far from a dramatic vote of no confidence, Third Point's decision looks like routine portfolio housekeeping, and the wider picture actually paints Amazon in a reassuring light.

The real story, it turns out, has very little to do with Dan Loeb and Third Point at all.

A Trim, Not a RetreatThe first thing to note is the scale of the move, or rather the lack of it. Third Point only reduced its Amazon holding by roughly 10%, hardly the kind of wholesale dumping that would signal a loss of faith. Even after the sale, Amazon remains one of the fund's largest disclosed positions and, by some measures, its highest-quality holding in the lot.

That context matters. This wasn’t so much a manager throwing in the towel on a soured investment as an investor reducing one position among many, most likely to free up cash for other trades. Indeed, Third Point was buying elsewhere during the same period, making this look like textbook behavior of a fund rebalancing its book.

Seen in that light, reading too deeply into Third Point’s sale would be a mistake.

What the Funds Are DoingIf Third Point's move still leaves a nagging doubt, its peers' behavior should help settle it. One prominent fund was trimming, while several others were doing the opposite, adding to their Amazon stakes with enthusiasm.

The list of buyers is a roll-call of respected names. Seth Klarman's Baupost fund increased its holding, as did the tech-focused Coatue Management, which boosted its position by almost half. David Tepper's Appaloosa added to its stake too, painting a picture of broad institutional appetite rather than retreat.

This is the crucial point. Not only is the smart money failing to flee Amazon, but it's also actually mostly moving in the other direction, with more big names buying, and buying aggressively, than heading for the door. If anything, institutional conviction is tilting bullish.

The Real Reason Shares Have SlippedIf the hedge fund trim is a red herring, what actually explains Amazon's near-10% slide from its highs? The answer lies in its recent earnings, released at the end of July, and specifically in a growing debate about the eye-watering sums it's spending.

Amazon.com, Inc. (AMZN) Price Chart for Tuesday, August, 18, 2026

On the face of it, Amazon’s results were strong, with the all-important cloud division growing rapidly and its profitability improving. The concern is what that growth is costing. Amazon has dramatically raised its spending plans for the year to a colossal $220 billion, a level of investment so vast it's pushed the company's free cash flow into negative territory, unnerving investors who worry the returns may not justify the outlay.

It didn’t help that a large chunk of Amazon's reported profit came not from its core operations but from a one-off paper gain tied to the rising value of its stake in the AI company Anthropic. The recent slide could be due to investors getting spooked at how dependent July’s profit print was on that windfall.

Look Past the HeadlineStill, the picture is far less alarming than a headline about a star investor selling, or the stock selling off over the past fortnight, might suggest. The trimmed position itself is a footnote, a modest rebalancing swamped by the buying of other major funds, not the smoke signal of trouble some might fear. The real story is the more familiar tension now surrounding Amazon.

On one side sit the bulls, who see the enormous spending as the price of cementing Amazon's lead in cloud computing and AI, an investment that will pay off handsomely in time. On the other side, the skeptics worry that the returns on all that capital remain mostly unproven and that the shares have run too far, too fast.

It makes for a real debate, and one that will define the stock far more than any hedge fund's regulatory filing. For now, that means watching Amazon's spending, rather than its shareholder list, is what will tell investors where the shares go next.

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Dynamic Advisor Solutions LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,533 shares of the e-commerce giant’s stock after selling 8,510 shares during the quarter. Amazon.com comprises 1.1% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 10th largest position. Dynamic Advisor Solutions LLC’s holdings in Amazon.com were worth $40,407,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $32,868,735,000. Auto Owners Insurance Co increased its position 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 purchasing an additional 98,090,585 shares during the last quarter. J. Stern & Co. LLP raised its stake in 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 worth $20,308,193,000 after purchasing an additional 87,557,736 shares during the period. Nuveen LLC purchased a new position in Amazon.com during the first quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. boosted its holdings in Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after purchasing an additional 25,017,588 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.5%
NASDAQ:AMZN opened at $261.31 on Tuesday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The stock’s fifty day moving average is $248.23 and its two-hundred day moving average is $238.78. The stock has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45. 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 issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current year.

Insider Buying and Selling
In other news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the sale, the chief executive officer owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $31,427,876.40. The trade was a 1.93% 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 sold a total of 62,650 shares of company stock worth $16,535,457 over the last 90 days. 8.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades
Several analysts have recently weighed in on AMZN shares. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research note on Thursday, April 30th. Roth Capital reiterated a “buy” rating and issued a $325.00 price objective on shares of Amazon.com in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 18th. Raymond James Financial reissued an “outperform” rating and set a $390.00 target price (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated 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. One 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’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $322.56.

Get Our Latest Analysis on Amazon.com

Trending Headlines about Amazon.com
Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Morgan Stanley maintained a Buy rating and a $335 price target, arguing that AWS could eventually become a $1 trillion annual-revenue business. The firm’s bullish case sees substantial upside if AI demand supports sustained cloud growth and improved earnings. Amazon Maintained at Buy as Analyst Sees Trillion-Dollar AWS Opportunity
Positive Sentiment: Several prominent investors increased their Amazon exposure. Stanley Druckenmiller raised Duquesne’s position by more than 11 times, David Tepper made Amazon Appaloosa’s largest holding, and Peter Thiel’s fund listed AMZN as its top disclosed stock. These filings reinforce institutional confidence in Amazon’s AI and cloud strategy. Billionaire Investors’ Amazon Positions
Positive Sentiment: Investor commentary highlighted AWS’s internally developed chips as a potentially underappreciated business that could improve Amazon’s AI economics and create additional strategic value. Amazon’s Underappreciated Chip Business
Positive Sentiment: Amazon’s investment in Anthropic has become large enough to affect reported earnings, adding potential upside from AI-related holdings, although private-company valuations can be difficult to realize. Amazon’s Anthropic Investment

Amazon.com Company Profile
(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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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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Chapin Davis Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ: AMZN) by 10.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,407 shares of the e-commerce giant's stock after selling 4,085 shares during the quarter. Amazon.com comprises 1.4% of Chapin Davis Inc.'s