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GSA Capital Partners LLP purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,488 shares of the e-commerce giant’s stock, valued at approximately $2,261,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after purchasing an additional 3,414 shares in the last quarter. MilWealth Group LLC lifted its stake in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new stake in Amazon.com in the 4th quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership boosted its position in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares during the last quarter. Finally, Fairway Wealth LLC boosted its position in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6% Shares of NASDAQ:AMZN opened at $256.97 on Wednesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The business has a 50 day moving average of $254.88 and a 200-day moving average of $243.41. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.77 trillion, a PE ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current year. Analyst Ratings Changes AMZN has been the topic of a number of recent research reports. Truist Financial lifted their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, July 31st. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. TD Cowen reaffirmed a “buy” rating and set a $350.00 price target (up from $340.00) on shares of Amazon.com in a research report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and set a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.26.

View Our Latest Stock Report on AMZN

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

Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Insider Activity In other news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the sale, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,589 shares of company stock worth $18,568,785. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

Featured Articles Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For

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Avalon Trust Co purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 366,073 shares of the e-commerce giant’s stock, valued at approximately $87,250,000. Amazon.com accounts for 5.4% of Avalon Trust Co’s investment portfolio, making the stock its 5th biggest position.

Other institutional investors also recently modified their holdings of the company. MilWealth Group LLC grew its holdings in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. acquired a new position in Amazon.com during the fourth quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership boosted its position in Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares during the last quarter. Fairway Wealth LLC grew its stake in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. increased its position in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 107 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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

Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers Insider Buying and Selling In related news, SVP David Zapolsky sold 9,258 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,568,785 in the last ninety days. 8.90% of the stock is currently owned by company insiders. Amazon.com Stock Performance NASDAQ AMZN opened at $256.97 on Wednesday. The stock has a market cap of $2.77 trillion, a PE ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The firm has a 50-day moving average of $254.88 and a 200-day moving average of $243.41. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth AMZN has been the subject of several recent analyst reports. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Bank of America boosted their target price on shares of Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada increased their price target on shares of Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. KeyCorp boosted their price objective on shares of Amazon.com from $335.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Monness Crespi & Hardt upped their target price on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $323.26.

Read Our Latest Stock Analysis on AMZN

Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon’s websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

Recommended Stories Five stocks we like better than Amazon.com Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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The multigeneration partnership expands AWS's silicon bench, but disclosed economics stop at bandwidth--not revenue, pricing or deployment dates. Summary

AWS gains another chip designer while Qualcomm becomes a larger cloud customer.

Amazon AMZN, the e-commerce and cloud-computing powerhouse, expanded its custom-chip ambitions Tuesday by bringing Qualcomm into a multigeneration partnership. The alliance targets AI inference silicon and optical networking capable of reaching 1.6 terabits per second. Amazon shares fell approximately 1.3% to $255.13 in early trading.

AWS delivered $42.2 billion in second-quarter revenue, up 37%, while operating income reached $16.6 billion. Amazon said both its chip franchise and broader AI business had crossed annual revenue run rates of $25 billion. Qualcomm will deepen the relationship from both directions, helping design Amazon hardware while using more AWS infrastructure and AI services to develop its own semiconductors.

The real prize is cheaper inference, not another headline-grabbing chip specification. AWS posted an operating margin of roughly 39.3%, so every efficiency gain could protect the profit engine financing Amazon's AI buildout. The chart shows the stock trading only 2.96% above its $247.80 GF Value, leaving limited valuation cushion as infrastructure spending keeps trailing free cash flow negative. Qualcomm may strengthen Amazon's chip arsenal and expand its customer base, but the companies disclosed no pricing, purchase commitments or deployment timetable.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

Amazon (AMZN.O) started selling sterling bonds for the first time on Wednesday, according to the banks managing the deal, as hyperscalers rush to diversify ​their funding sources to finance the AI boom.

The deal is the latest ‌example of how hyperscalers are increasingly selling bonds across markets outside of the U.S. this year, from euros to Swiss francs and the yen, as they make sure they can raise capital ​wherever they can, given their huge funding needs.

They have already ​issued more than $200 billion of debt this year, more than doubling ⁠from the whole of 2025, according to LSEG data.

Initial price guidance ​on the Amazon deal was set at around 70 basis points over British government ​bonds on a three-year bond, around 90 basis points over for a six-year bond, around 105 basis points over for a 12-year bond and around 110 basis points over for a ​19-year bond, according to a memo sent by three of the banks ​seen by Reuters.

The deal will price later on Wednesday, the memo said.

The pound is the ‌latest ⁠currency Amazon has added to its funding programme after tapping the euro and Swiss franc bond markets.

The European Central Bank warned earlier in September that hyperscalers' push into the euro zone bond market could potentially crowd out other borrowers ​and push up ​their financing costs.

⁠Google-parent Alphabet (GOOGL.O), which has led the way in selling non-U.S. dollar bonds, was the first hyperscaler to tap the sterling ​market in February, when it raised £5.5 billion from a five-part deal, ​including a ⁠rare 100-year bond. It has also raised Japanese yen, Canadian and Australian dollar debt this year.

It is Amazon's first bond sale since July, according to LSEG ⁠data, ​when it received weaker demand than in the past ​for a $25 billion offering, in one of several signs that the heavy pace of hyperscaler borrowing started ​to test the limits of investor demand.

Amazon.com AMZN , the cloud and e-commerce heavyweight, rolled Anthropic's Claude Fable 5.1 into Amazon Bedrock and Claude Platform on AWS as its shares traded at $256.67. That price sits 3.84% above the stock's $247.18 GF Value™ estimate—a modest premium, but one that leaves little room for Amazon's AI strategy to stumble.

The real hook is cost. Anthropic expects its new cache pricing to make typical token-based workloads 25% cheaper than Fable 5. Savings could reach roughly 45% for highly agentic work. That price cut lands inside a monster partnership: Anthropic has committed more than $100 billion to AWS technology over ten years, reserved up to five gigawatts of capacity and spread its workloads across more than one million Trainium2 chips. More than 100,000 customers already access Claude through Bedrock.

Now comes the $100 billion question: will cheaper AI unleash enough demand to lift AWS faster? Amazon's latest quarterly results showed $42.2 billion in AWS revenue, equal to a $168.8 billion annualized pace. Anthropic's average $10 billion yearly commitment represents about 5.9% of that run rate. Lower prices can pull more customers and agents onto AWS, but they also shrink the computing needed for each task. Amazon wins if the workload boom overwhelms the efficiency gains.

Amazon.com Today

$258.96 +3.98 (+1.56%)

As of 11:55 AM Eastern

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

$196.00▼

$287.2020.83

$323.09

Amazon.com Inc. NASDAQ: AMZN has built its empire on a relentless obsession with doing things faster and cheaper, so news that it's quietly working to automate one of the last stubbornly manual corners of its operation should surprise nobody. What might raise an eyebrow is just how ambitious the plan appears.

The project, known internally as Tetromino, is a reported effort to bring AI and robotics to the final stretch of Amazon's delivery network: the fiddly business of sorting packages and readying them for the vans that carry them to your door. It's exactly the kind of labor-heavy work that has so far resisted mechanization, and cracking it could make the whole system dramatically more efficient.

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The news lands at a slightly awkward moment for the shares, which have slipped roughly 10% from the record high they touched last month and look vulnerable to falling further. That backdrop makes the question all the more pointed: could a deeper push into automation be exactly the kind of long-term catalyst the stock needs, or is it a distraction from more immediate concerns?

Project Tetromino Targets Amazon’s Last-Mile Cost ProblemAccording to the reports, based on an internal planning document, Tetromino aims to automate the tricky task of organizing packages and preparing them for delivery vehicles. This step still relies heavily on human hands. The document reportedly calls for a pilot facility in 2028, with the system processing packages at around two and a half times the rate of Amazon's existing delivery stations.

It's worth stressing that this remains early-stage, and Amazon has been quick to manage expectations. The company disputed the financial projections and timeline in the reported internal document, describing Tetromino as a concept whose plans could change substantially. In other words, this is a glimpse of a direction of travel rather than a finished blueprint.

Even so, it fits a clear pattern. Amazon has said it expects to more than double the number of robotic arms across its network this year alone, and Tetromino would extend that drive into territory it has not yet conquered. The ambition is unmistakable, even if the details remain fuzzy.

Automation Could Unlock Amazon’s Next Margin LeverAmazon.com Stock Forecast Today12-Month Stock Price Forecast:
$323.09
25.36% Upside

Moderate Buy
Based on 59 Analyst Ratings

Current Price$257.72High Forecast$400.00Average Forecast$323.09Low Forecast$218.00Amazon.com Stock Forecast Details

To grasp why any of this matters for the stock, you have to understand the sheer scale of Amazon's e-commerce and logistics operation. Moving billions of packages around the world is enormously expensive, and much of that expense is labor. Anything that shaves cost from each package handled has an outsized impact when multiplied across such colossal volumes.

That's the heart of the bull case. If Amazon can automate a step that today demands substantial manual work, it stands to lower its cost per package and squeeze more profit from its vast retail machine as volumes grow. With an installed base already numbering more than a million robots, the company has both the scale and the expertise to make automation a powerful competitive weapon.

There is a second, subtler prize, too. A more automated network doesn't just cut costs; it can be rented out to others. Amazon has been opening up its logistics muscle to outside merchants, and the more efficient that network becomes, the more profitably it can monetize all that capacity, turning a cost center into a potential earner.

Execution Risk Still Clouds the Robotics Bull CaseFor all that promise, the bears have some fair objections, and they start with the simple fact that this is far from a done deal. Automating the messy, unpredictable final steps of delivery is a much harder problem than bolting robots into a warehouse, and there's no guarantee Amazon cracks it, or that the savings justify the cost when it does.

That points to the broader worry about spending. Amazon is pouring staggering sums into AI, robotics, and infrastructure, and some investors fret this relentless capital intensity could weigh on cash generation if the returns disappoint. An expensive kit that fails to deliver durable savings would be a poor trade, no matter how impressive the technology.

Then there is the awkward matter of jobs. Amazon insists its automation is designed to support workers rather than replace them. Still, reports based on internal documents suggest greater use of robots could slow its warehouse hiring over the coming decade. That is a delicate balance to strike, and one that could invite scrutiny as the technology spreads.

AMZN Pullback Puts the Long-Term Catalyst in FocusSo what should investors make of it all? On its own, a single early-stage project, however clever, won't transform a company the size of Amazon overnight, and the disputed timeline means any real benefit is years away at best.

Viewed through a wider lens, though, Tetromino is a useful signal of where Amazon is heading. It underscores a long-term strategy of grinding down costs and boosting efficiency across an already formidable logistics network, precisely the sort of relentless self-improvement that has made the company so dominant.

For investors, then, the project is best seen not as a reason to buy the shares today, but as a reminder of the powerful long-term forces still working in Amazon's favor. With the stock under some near-term pressure, those looking to build or add to a long-term position might have just gotten a fresh reason to be a little more bullish.

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Capital Investment Advisory Services LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,946 shares of the e-commerce giant’s stock after buying an additional 1,995 shares during the period. Amazon.com makes up 1.7% of Capital Investment Advisory Services LLC’s holdings, making the stock its 13th largest position. Capital Investment Advisory Services LLC’s holdings in Amazon.com were worth $27,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 8,913,959 shares in the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.8% during the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after purchasing an additional 6,971,680 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock valued at $51,753,622,000 after purchasing an additional 2,479,324 shares during the last quarter. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter valued at $32,868,735,000. Finally, Auto Owners Insurance Co boosted its position in shares of Amazon.com by 27,376.7% in the 4th 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 purchasing an additional 98,090,585 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com In other Amazon.com news, CFO Brian T. Olsavsky sold 6,172 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 70,589 shares of company stock worth $18,314,015 in the last ninety days. Company insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth AMZN has been the topic of several recent analyst reports. TD Cowen restated a “buy” rating and set a $350.00 price objective (up from $340.00) on shares of Amazon.com in a report on Friday, July 31st. The Goldman Sachs Group restated a “buy” rating and set a $375.00 price target (up from $335.00) on shares of Amazon.com in a report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 31st. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.09. View Our Latest Analysis on AMZN

Amazon.com Trading Up 0.0% Shares of NASDAQ AMZN opened at $254.98 on Thursday. The business has a 50 day simple moving average of $252.99 and a 200 day simple moving average of $241.79. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The stock has a market cap of $2.75 trillion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.97 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

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

Positive Sentiment: Institutional investors are signaling confidence in Amazon’s AI infrastructure opportunity. Stanley Druckenmiller increased Duquesne’s AMZN position more than tenfold, while Philippe Laffont’s Coatue expanded its stake 49%, reinforcing the thesis that AWS will benefit from sustained AI-computing demand. Stanley Druckenmiller Increased Amazon More Than 10-Fold and Opened an AMD Position Positive Sentiment: AWS growth, accelerating e-commerce revenue and expanding AI infrastructure investment remain key bullish factors. Analysts continue to see substantial upside, including a reiterated $350 price target, although Amazon’s heavy capital expenditures could pressure near-term cash returns. Amazon Retains Top Pick Status Positive Sentiment: Amazon’s new YouTube Shopping partnership allows creators to tag products and earn affiliate commissions, potentially expanding social-commerce traffic and advertising opportunities. Zoox’s expansion into additional U.S. markets also adds a longer-term mobility growth option. How Could Amazon Gain From New Creator Shopping Tools? Neutral Sentiment: The Justice Department requested beef-pricing data from Amazon and other major retailers as part of an investigation into meat-industry pricing. Amazon is not accused of wrongdoing in the reports, but the inquiry adds regulatory visibility. DOJ Expands Beef Price Investigation Negative Sentiment: The FTC and 22 states allege Amazon manipulated advertising auctions and overcharged roughly 1.2 million advertisers by more than $20 billion. Potential penalties, pricing changes and pressure on the high-margin advertising business are the most immediate downside risks. FTC Sues Amazon, Alleging It Overcharged Advertisers Negative Sentiment: Amazon is facing additional workforce friction, including planned corporate job cuts and a one-day Teamsters strike at its large Riverside warehouse. These developments could increase reputational, labor and operating-cost concerns. About Amazon.com (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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Confluence Wealth Services Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 48.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,283 shares of the e-commerce giant’s stock after buying an additional 15,356 shares during the period. Confluence Wealth Services Inc.’s holdings in Amazon.com were worth $11,269,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMZN. Red Crane Wealth Management LLC lifted its position in shares of Amazon.com by 2.3% during 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 purchasing an additional 38 shares in the last quarter. Robinson Smith Wealth Advisors LLC grew its position in Amazon.com by 0.7% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after purchasing an additional 40 shares in the last quarter. Sfam LLC increased its stake in Amazon.com by 3.4% in the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after buying an additional 40 shares during the last quarter. Measured Risk Portfolios Inc. increased its stake in Amazon.com by 3.4% in the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after buying an additional 40 shares during the last quarter. Finally, CoreFirst Bank & Trust lifted its position in shares of Amazon.com by 1.1% during the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock worth $754,000 after buying an additional 40 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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

Positive Sentiment: AWS and AI expansion remain key catalysts. Amazon’s planned $5.3 billion investment in a Saudi Arabia cloud region, expanded access to OpenAI, Meta, and Anthropic models through AWS GovCloud, and a deeper partnership with Nvidia—including two million additional GPUs—could strengthen AWS’s position in government and enterprise AI. AMZN’s Saudi Arabia investment Positive Sentiment: New commerce initiatives could broaden monetization. YouTube’s integration of Amazon products into its Shopping Affiliate Program may increase product discovery and sales, while Alexa’s personalized shopping alerts and Amazon Pharmacy’s Solv integration could improve customer engagement and conversion. YouTube Amazon partnership Positive Sentiment: Analysts remain constructive. Citi reiterated a Buy rating and a $350 price target despite the legal risks, while recent results showed $200.6 billion in revenue and substantially stronger-than-expected earnings, with AWS revenue reportedly growing 36.7% year over year. Analyst reiterates Amazon Buy rating Neutral Sentiment: Zoox is expanding its robotaxi efforts. Amazon’s autonomous-vehicle unit plans testing in Houston and San Diego, but the initiative is still early-stage and has limited near-term earnings impact. Zoox and Waymo robotaxi expansion Negative Sentiment: The FTC lawsuit is driving the immediate pressure. The FTC and 22 states allege Amazon manipulated advertising auctions and overcharged approximately 1.2 million advertisers by more than $20 billion. Potential penalties, refunds, operational changes, and limits on ad-pricing practices threaten a rapidly growing, high-margin business. Amazon denies the allegations. FTC lawsuit against Amazon Negative Sentiment: AI spending and shareholder concerns remain overhangs. Investors are weighing the capital required for Amazon’s AI infrastructure against future returns, while reports of an institutional investor trimming its stake add near-term selling pressure. Amazon.com Trading Down 1.9% Shares of AMZN stock opened at $254.92 on Wednesday. The company’s fifty day simple moving average is $252.57 and its two-hundred day simple moving average is $241.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The stock has a market capitalization of $2.75 trillion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.00 and a beta of 1.44. Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.68 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Insider Buying and Selling at Amazon.com In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at $28,427,674.17. The trade was a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,589 shares of company stock worth $18,314,015 in the last three months. 8.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In Several research firms have recently issued reports on AMZN. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $375.00 target price (up from $335.00) on shares of Amazon.com in a report on Friday, July 31st. Morgan Stanley reissued an “overweight” rating and issued a $335.00 price objective (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Monness Crespi & Hardt raised their target price on Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.09.

View Our Latest Research Report on Amazon.com

Amazon.com 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's Zoox and Alphabet's Waymo on Tuesday separately announced expansions of their driverless ride-hailing operations into new ​U.S. cities, weeks after Zoox started paid services.

Zoox ‌said it would begin testing in Houston and San Diego, bringing its presence to 12 U.S. locations. ​It will initially use retrofitted test ​vehicles for manual mapping and testing before ⁠deploying its purpose-built driverless robotaxis.

Its commercial launch ​has intensified competition with Waymo and Tesla as ​companies race to scale autonomous ride-hailing in the U.S.

Waymo, meanwhile, said it would begin welcoming its first public ​riders in Denver, San Diego and Tampa, ​bringing its fully autonomous ride service to 14 cities. ‌The ⁠company said it would gradually expand access to riders in the three cities.

Zoox has been carrying passengers for free in Las Vegas, San Francisco, ​Austin and ​Miami as ⁠part of its testing program, before it started offering paid rides in ​Las Vegas in August.

Waymo already operates ​paid ⁠driverless services in multiple U.S. cities and is also expanding overseas. The company said last month ⁠it ​would begin testing in Munich ahead of ​a planned commercial launch in Germany toward the end of 2027.

Amazon (AMZN -2.10%) has underperformed the broader market over the past five years. Over this period, the company has dealt with a CEO change (which was technically slightly over five years ago), a rare net loss, macroeconomic headwinds, increased competition in the cloud computing industry, and several other challenges. That said, there is still a lot to like about the company's business, and, in my view, the e-commerce specialist is likely to outperform broader equities over the next five years. Here's how much the stock could be worth by 2031.

Image source: The Motley Fool.

Key profit drivers Amazon is investing heavily in its artificial intelligence (AI) ambitions. The company is now expecting $220 billion in capex this year. The tech leader is already seeing the results from these efforts. In the second quarter, Amazon's revenue increased by 20% year over year to $200.6 billion. The company's cloud computing segment, Amazon Web Services (AWS), posted $42.2 billion in net sales, up 37% year over year.

Amazon said that was the segment's fastest growth rate in 18 quarters. AWS accounts for most of Amazon's operating profits. Second quarter operating income jumped 43% to $27.5 billion. AWS's operating income was $16.6 billion, up almost 63% compared to the year-ago period. The company's net earnings per share (EPS) were $5.75, up from $1.68 reported in the year-ago quarter, although that figure included the positive impact of equity investments.

Over the next few years, several things will pull Amazon's EPS growth in opposite directions. Analysts actually expect the company's EPS to decline in 2027 compared to this year. Why? Largely because of its significant capex. Amazon's current expensive AWS investments and AI build-out are front-loaded, but the initial investment in data centers can generate significant revenue for years after. Amazon isn't blindly investing money either.

As the company has argued, it is currently capacity-constrained. It needs more investment to meet the demand for its cloud and AI products and services. That means that even if EPS falls next year, it could grow at a good clip from 2028 to the early 2030s, as Amazon more than recoups its investments. Several other factors could improve the company's profits and margins. Consider that Amazon is increasingly relying on internally developed AI chips.

That's much cheaper than buying from external providers. Amazon has also said that its Trainium franchise can beat comparable GPUs (Graphics Processing Units) in price-performance and should help AWS improve margins. What's more, Amazon could, eventually, start selling its Trainium chips to external customers, another potential growth avenue. But what about the company's other segments?

E-commerce still generates most of its sales, and that won't change in the next five years. Amazon could see improved profits and margins in e-commerce too, as it increasingly relies on AI to cut costs and boost engagement and gross merchandise volume. Don't expect significant gains within this unit. But at Amazon's scale, even minor improvements could have a meaningful impact on the entire business.

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Amazon's stock price in five yearsAmazon's shares are currently trading at about $261 apiece. The company's forward price-to-earnings ratio is 21.8, compared to an average of 23.8 for consumer discretionary stocks. That valuation seems more than fair for a company of Amazon's stature that is posting strong financial results and boasts several important avenues for growth. Let's assume Amazon's earnings grow at a compound annual rate of 12% through the next five years, while its forward P/E stays constant throughout this period. The stock will be worth about $460 by the end of our period.

That's a healthy 12% annualized return. Can Amazon actually pull that off? It all depends on our assumptions, including the 12% average earnings grow. That would require Amazon's net income to jump significantly in 2028 and to maintain a healthy pace through 2031, given it will likely decline next year. But as we have seen, the company's investments could help it meet the demand for services in its most important segment, AWS, while the cloud computing giant continues to seek productivity gains through relying more on custom AI chips.

What about assuming that the market will price Amazon's future earnings at similar levels in five years? If the company can show that its AI build-out is justified, which it could do over the next few years -- provided AWS sales growth remains healthy -- this assumption may also prove reasonable.

Of course, this estimate may turn out to be wrong in either direction. But a bullish outlook for Amazon's medium term seems justified given recent financial results and the general trajectory of the cloud computing and AI industries. So, I'd advise investors to purchase the company's shares and hold onto them through 2031.

The U.S. Federal Trade ​Commission on Monday sued Amazon.com (AMZN.O), with ‌more than 20 U.S. states joining the lawsuit, according to court records.

The agency planned ​to file a lawsuit, alleging Amazon ​manipulated prices for advertisements on its ⁠e-retail platform, the Wall Street Journal ​reported earlier in the day, citing ​FTC officials.

The lawsuit would allege that the company deceived advertisers by secretly raising the minimum ​price they had to pay to ​place ads promoting their products, WSJ had reported.

Advertisers ‌allegedly ⁠suffered billions of dollars in harm from higher ad prices, while the states could seek civil penalties and attempt ​to recover ​some of ⁠that money, according to the report.

The e-commerce giant in September ​last year agreed to pay $2.5 ​billion ⁠in fines and reimbursements to Prime subscribers to settle the FTC's allegations that it deceived ⁠its ​customers to generate subscriptions.

Amazon ​shares fell 3% in afternoon trading.

AWS just committed a staggering sum to plant its flag in a sovereign AI market that could reshape the global cloud race, and Wall Street is still figuring out what it means for Amazon's already astronomical growth trajectory.

$5.3 Billion Saudi Region Commitment Amazon (NASDAQ:AMZN | AMZN Price Prediction) disclosed that its first AWS Cloud Infrastructure Region in the Kingdom of Saudi Arabia represents more than $5.3 billion (19.88 billion Saudi riyal) in planned cloud infrastructure investment. The figure, reiterated at the LEAP conference in Riyadh, tied to a Region first announced in March 2024 and now on track to launch in December 2026. It represents a multi-year capital commitment for a single geography.

What It Means The $5.3 billion outlay funds the buildout that will expand the AWS Global Infrastructure to 40 Regions worldwide. Alongside it, AWS and HUMAIN, a Public Investment Fund-owned company, will make up to 50 megawatts (MW) of capacity available in Saudi Arabia’s first AI Zone by 2028, provisioned with AWS’s Trainium chips and the latest NVIDIA (NASDAQ:NVDA) AI infrastructure. That stack of power, silicon, and networking is where the AI capex story really lives, and we broke down seven suppliers riding the same buildout in a free AI infrastructure report. The commitment sits inside a much larger spending arc. AWS booked $42.2 billion in Q2 2026 revenue, up 36.7% year-over-year, and Amazon’s cash capex was $53.1 billion in Q2 alone. In that context, Saudi Arabia is one anchor project inside a global capacity race.

Market Reaction AMZN traded at $261 intraday on August 31, 2026, down 2.04% on the session from a prior close of $266.43. The Saudi announcement did not drive a distinct move against the broader market. Over the past month the stock has risen 17.55% from $226.65 on July 29, 2026, largely following the July 30, 2026 earnings release. Year to date, AMZN is up 15.43%.

Strategic Outlook The Saudi Region formalizes AWS’s push into a sovereign AI market that an IDC report commissioned by AWS sizes at an estimated $130 billion contribution to Saudi Arabia’s economy by 2030. HUMAIN’s ALLAM Arabic large language model will soon be available through Amazon Bedrock, and HUMAIN Fabric will be distributed via AWS Marketplace, giving Amazon a channel into Arabic-language enterprise AI. CEO Andy Jassy told investors AWS is a $169 billion annualized revenue run rate business with a backlog of $496 billion, growing triple digits year over year, and said he now believes AWS “will be at least double that and very possibly be a trillion dollar annual revenue business for us in time.” The Riyadh Region feeds that trajectory by locking in demand from customers including stc Group, Almosafer, and ZainTECH.

Bottom Line The $5.3 billion figure quantifies how much cash Amazon is willing to sink into one new sovereign geography to defend AWS’s lead as workloads shift from on-premises to cloud. Jassy noted that “85% of the global IT spend is still on-premises” and that most of our AI capacity these days is being contracted for at least five-year terms. For investors, the near-term catalyst is the December 2026 Region go-live, which converts announced capex into billable capacity heading into 2027.

Contact [email protected] for any questions or corrections.

AWS just posted its fifth straight quarter of accelerating growth while Amazon's advertising and AI businesses quietly crossed thresholds that Wall Street has not fully priced in yet. Here is what the numbers actually signal about where shares go next.

Amazon (NASDAQ:AMZN | AMZN Price Prediction) delivered one of its cleanest quarters in years, with AWS accelerating for the fifth straight quarter and advertising growing at 26% pace. The market has yet to fully price in this acceleration. Our Amazon 24/7 Wall St. price target signals meaningful upside.

24/7 Wall St. Price Target Summary Metric Value Current Price $256.33 24/7 Wall St. Price Target $340.96 Upside 33.1% Recommendation BUY Confidence Level 90% Our 24/7 Wall St. price target for Amazon is $340.96 over the next 12 months, implying 33.1% upside from today’s $256.33. The recommendation is buy with high confidence. AWS growth reaccelerated to 37%, advertising compounds at a $19.8 billion quarterly clip, and the AI and chips businesses each cleared a $25 billion annualized run rate.

Why AWS Just Changed the Conversation Amazon is up 12.49% over the past month and 12.76% year to date, though shares pulled back 2.09% in the last week. The stock sits below its 52-week high of $287.20, leaving room to run.

Q2 revenue hit $200.61 billion, up 19.62%, with operating income of $27.46 billion jumping 43.24%. AWS backlog swelled to $496 billion, and this week’s announcement that Amazon and NVIDIA (NASDAQ:NVDA) will deliver 2 million additional GPUs for agentic AI underscores the capacity race (all that silicon has to be powered, cooled, and networked by someone, which is the whole premise of our free AI infrastructure report).

Bull Case: $390 and Beyond The bull case hits $390.96, or 52.61% upside. AWS growth stays above 35%, Trainium and Graviton continue capturing custom-silicon share, and Q3 operating income lands near the top of the $22.5 billion to $26.5 billion guide.

Wall Street backs this: 16 analysts rate the stock Strong Buy and 43 rate it Buy, with a consensus target of $327. Advertising at 26% growth is a high-margin flywheel, and Amazon Business runs at a $60 billion annualized clip.

What Could Go Wrong The bear case sits at $291.59, still 13.83% above today. Q2 capex reached $54.21 billion, up 68.44%, and TTM free cash flow turned negative at -$7.6 billion. Long-term debt has risen to fund the buildout.

Andy Jassy noted servers break even within three years and that AWS will “very possibly be a trillion dollar annual revenue business” over time. An 80 basis point FX headwind in Q3 and memory-chip supply volatility remain shorter-term risks.

How Amazon Compares to Microsoft and Alphabet Microsoft (NASDAQ:MSFT) is the sharpest AWS comp because Azure directly competes for enterprise AI workloads. Azure grew 43% in fiscal Q4 26 with a P/E of 28x. AMZN’s 21x earnings multiple looks conservative against that.

Alphabet (NASDAQ:GOOGL) is the second natural comp, with Google Cloud posting 82% growth in Q2 26 while trading at 15x earnings. GOOGL screens cheaper, but AMZN’s forward P/E of 22x against forward EPS of $14.42 looks reasonable versus peers. The comparison makes our $340.96 target look measured.

Company P/E Cloud Growth Amazon 21x 37% Microsoft 28x 43% Alphabet 15x 82% Amazon Price Prediction 2026-2030 Our 24/7 Wall St. price target of $340.96 and buy call rest on a simple observation: AWS growth is reaccelerating while advertising throws off high-margin cash.

The setup looks constructive if AWS holds above 35% growth into Q4. The thesis weakens if capex overruns push free cash flow deeper into negative territory into 2027.

Year 24/7 Wall St. Price Target 2026 $289.24 2027 $340.96 2028 $408.66 2029 $464.79 2030 $546.46 These projections assume Amazon continues executing on the AWS AI buildout and disciplined retail margins. Significant upside or downside could result from AI capex return-on-investment and any material shift in trade policy.

Contact [email protected] for any questions or corrections.

Envestnet Portfolio Solutions Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 517,750 shares of the e-commerce giant’s stock after buying an additional 62,417 shares during the period. Amazon.com comprises 0.6% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 26th largest position. Envestnet Portfolio Solutions Inc.’s holdings in Amazon.com were worth $123,380,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Gryphon Financial Partners LLC lifted its stake in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after acquiring an additional 5,125 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after acquiring an additional 5,104 shares in the last quarter. Narwhal Capital Management raised its holdings in shares of Amazon.com by 2.3% in the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock valued at $49,997,000 after purchasing an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Amazon.com by 21.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock valued at $5,690,463,000 after purchasing an additional 4,275,942 shares during the last quarter. Finally, Blue Chip Partners LLC lifted its position in shares of Amazon.com by 1.8% in the first quarter. Blue Chip Partners LLC now owns 147,461 shares of the e-commerce giant’s stock worth $30,712,000 after purchasing an additional 2,583 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth AMZN has been the topic of several analyst reports. Mizuho set a $330.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Robert W. Baird set a $310.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. Oppenheimer restated an “outperform” rating on shares of Amazon.com in a research note on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada increased their price objective on Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.09.

Read Our Latest Research Report on Amazon.com Amazon.com Price Performance Shares of Amazon.com stock opened at $266.43 on Friday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. 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 company has a 50-day simple moving average of $251.62 and a two-hundred day simple moving average of $240.45. The stock has a market capitalization of $2.87 trillion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45.

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 analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter last year, the company earned $1.68 EPS. The company’s revenue was up 19.6% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.

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

Positive Sentiment: Evercore raises target on agentic AI potential. Evercore ISI lifted its AMZN price target to $355 from $315.16 and maintained an Outperform rating. The firm believes agentic AI could improve retail growth and strengthen trends across Amazon Web Services (AWS), advertising and e-commerce. Why is Amazon stock surging 4% today Positive Sentiment: Expanded Nvidia partnership reinforces AI demand. Amazon plans to add 2 million Nvidia GPUs to its data centers in 2027–2028, bringing its announced commitment to roughly 3 million chips. The spending signals strong expected demand for AWS AI capacity and helped distinguish Amazon positively within the AI infrastructure sector. Amazon just tripled its order of Nvidia chips over surging demand Positive Sentiment: AWS and AI economics remain major growth catalysts. Reports cited approximately 37% AWS revenue growth to $42.2 billion in the second quarter, while Amazon’s AI and chip businesses each reached annualized revenue run rates above $25 billion. Analysts also highlighted solid retail profitability and long-term cloud adoption. Amazon Stock: AI Investment Gains Momentum as AWS Revenue Surges Positive Sentiment: New distribution and energy initiatives support the platform. Amazon plans to expand Prime Air drone delivery to nearly 500 U.S. cities by year-end, while new power-purchase agreements add 600 megawatts of carbon-free electricity and support data-center expansion. Amazon is about to six times its drone delivery footprint Neutral Sentiment: Amazon-backed Zoox is launching robotaxi service in San Francisco, creating a potential long-term growth option but adding an unproven business with significant execution requirements. Amazon-backed Zoox launches robotaxis in San Francisco Negative Sentiment: AI spending is raising return-on-investment concerns. The enlarged GPU commitment adds to an already substantial capital budget, prompting investors to question whether AWS demand and AI monetization will justify the cost. Amazon’s post-earnings gains have also partially faded, and billionaire Bill Ackman reportedly shifted from Amazon to Microsoft. Negative Sentiment: California litigation over alleged price-fixing remains an overhang, although a judge indicated the state’s request to block Amazon’s practices would likely be denied. Judge likely to deny California’s bid to stop Amazon’s alleged price fixing Insider Buying and Selling In other news, SVP David Zapolsky sold 9,258 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,580,205 in the last quarter. Corporate insiders own 8.90% of the company’s stock.

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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Greenleaf Trust trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 461,920 shares of the e-commerce giant’s stock after selling 4,126 shares during the period. Amazon.com makes up approximately 1.1% of Greenleaf Trust’s holdings, making the stock its 9th largest holding. Greenleaf Trust’s holdings in Amazon.com were worth $110,094,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC increased its position in shares of Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after buying an additional 5,104 shares during the last quarter. Narwhal Capital Management grew its stake in Amazon.com by 2.3% during the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock worth $49,997,000 after buying an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Amazon.com by 21.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock worth $5,690,463,000 after buying an additional 4,275,942 shares in the last quarter. Finally, Blue Chip Partners LLC increased its holdings in shares of Amazon.com by 1.8% during the first quarter. Blue Chip Partners LLC now owns 147,461 shares of the e-commerce giant’s stock worth $30,712,000 after buying an additional 2,583 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 4.0% Shares of AMZN opened at $266.43 on Friday. 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, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The firm has a market capitalization of $2.87 trillion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. The stock’s fifty day simple moving average is $251.62 and its 200-day simple moving average is $240.45.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current year. Insider Buying and Selling In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at $123,465,145.81. This represents a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,589 shares of company stock worth $18,580,205. 8.90% of the stock is currently owned by company insiders.

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

Positive Sentiment: Evercore raises target on agentic AI potential. Evercore ISI lifted its AMZN price target to $355 from $315.16 and maintained an Outperform rating. The firm believes agentic AI could improve retail growth and strengthen trends across Amazon Web Services (AWS), advertising and e-commerce. Why is Amazon stock surging 4% today Positive Sentiment: Expanded Nvidia partnership reinforces AI demand. Amazon plans to add 2 million Nvidia GPUs to its data centers in 2027–2028, bringing its announced commitment to roughly 3 million chips. The spending signals strong expected demand for AWS AI capacity and helped distinguish Amazon positively within the AI infrastructure sector. Amazon just tripled its order of Nvidia chips over surging demand Positive Sentiment: AWS and AI economics remain major growth catalysts. Reports cited approximately 37% AWS revenue growth to $42.2 billion in the second quarter, while Amazon’s AI and chip businesses each reached annualized revenue run rates above $25 billion. Analysts also highlighted solid retail profitability and long-term cloud adoption. Amazon Stock: AI Investment Gains Momentum as AWS Revenue Surges Positive Sentiment: New distribution and energy initiatives support the platform. Amazon plans to expand Prime Air drone delivery to nearly 500 U.S. cities by year-end, while new power-purchase agreements add 600 megawatts of carbon-free electricity and support data-center expansion. Amazon is about to six times its drone delivery footprint Neutral Sentiment: Amazon-backed Zoox is launching robotaxi service in San Francisco, creating a potential long-term growth option but adding an unproven business with significant execution requirements. Amazon-backed Zoox launches robotaxis in San Francisco Negative Sentiment: AI spending is raising return-on-investment concerns. The enlarged GPU commitment adds to an already substantial capital budget, prompting investors to question whether AWS demand and AI monetization will justify the cost. Amazon’s post-earnings gains have also partially faded, and billionaire Bill Ackman reportedly shifted from Amazon to Microsoft. Negative Sentiment: California litigation over alleged price-fixing remains an overhang, although a judge indicated the state’s request to block Amazon’s practices would likely be denied. Judge likely to deny California’s bid to stop Amazon’s alleged price fixing Wall Street Analyst Weigh In Several brokerages have recently commented on AMZN. Rosenblatt Securities initiated coverage on Amazon.com in a report on Thursday, August 20th. They issued a “buy” rating and a $335.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. TD Cowen restated a “buy” rating and set a $350.00 target price (up from $340.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Citizens Jmp restated a “market outperform” rating and issued a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.09.

Check Out Our Latest Analysis on AMZN

About Amazon.com (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 +1.33%) stock has trailed the S&P 500 for most of 2026 and is now in line with the large-cap benchmark, up 12% year-to-date.

There are several reasons Amazon's stock has lagged for most of this year, but there is one major reason investors should buy it now in August.

Image source: Getty Images.

Amazon stock is trading at one of its lowest valuations in a long time. Its current P/E ratio is 21, and other than a dip to 19 in June of this year, it hasn't been this low in at least 10 years, but likely much farther back than that.

AMZN PE Ratio data by YCharts

That right there is enough to signal a strong buy on Amazon stock. Any time one of the largest, most successful companies in the world, one of the Magnificent Seven stocks, is trading at a decade-low valuation, the buy sign should be flashing.

In Amazon's case, it is the leader in both of its major markets: e-commerce and cloud computing. It's just a no-brainer buy right now.

A massive $496 billion backlog The dirt cheap valuation is the number one reason to buy, but also, Amazon is heading back in the right direction after a bumpy start to the year.

One of the chief concerns about Amazon was its massive increase in spending on artificial intelligence. At the start of the year, Amazon proposed a whopping $200 billion in capital expenditures to maintain the huge demand for AI infrastructure. That's some 51% more capex spending than in 2025.

Investors balked, as Amazon had been steadily losing market share to Microsoft (MSFT +0.84%) and Google, owned by Alphabet (GOOG +0.83%) (GOOGL +0.94%), so they questioned whether more spending was the answer, particularly given its cash-flow depletion.

But Amazon officials argued that the infrastructure was necessary to regain lost market share and meet demand from its growing backlog of $496 billion in contracts. In fact, CEO Andy Jassy said on the Q2 call that Amazon now projects $220 billion in capex in 2026.

"Even at that amount, we will still not have enough capacity to meet all the demand we have in 2026, and I believe this dynamic will also be true in 2027, too," Jassy said on the call.

Analysts are bullish on Amazon The investments may already be paying off as Amazon reported blowout second-quarter earnings. Amazon Web Services, its cloud computing business, had its fastest growth in more than four years with revenue rising 37%. Overall revenue increased 20%.

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Further, its operating income soared 43% to $27.5 billion while net income increased 243% to $62.6 billion, boosted by its investments in Anthropic.

Amazon anticipates sales to rise 9% to 12% year over year in the third quarter and operating income to be between $22.5 billion and $26.5 billion, up 29% at the midpoint.

That's not quite the growth rate Amazon saw in Q2, but at that low multiple, Amazon stock is just too attractive to pass up with its massive earnings power and growing backlog. Wall Street is almost unanimously in agreement, with 97% of analysts rating it a buy and a median price target of $327 per share. That suggests 27% upside for Amazon stock.

In Brief

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Image Credits:Amazon Over the weekend, Amazon significantly raised the prices of its hardware devices, jacking them up by as much as 60 percent in some cases.

The price explosion impacted Fire TVs, Echos, Kindles, and Eeros. One egregious example that’s been cited is that of the Echo Dot, one of Amazon’s cheapest smart speakers, the price of which jumped 60% overnight, from $49.99 to $79.99. Price tracking sites like CamelCamelCamel show the stark uptick, which has previously hovered much lower.

When reached for comment by TechCrunch, Amazon shared the following: “The consumer electronics industry is facing significant increases in memory and storage component costs. After absorbing these increases for as long as we could, we recently adjusted pricing across our product lines.”

The company also said that it would continue to offer occasional promotions to customers over the course of the next year.

Amazon’s price hikes reinforce the reality that it’s a terrible time to buy hardware. The global memory shortage fueled by the AI boom (also known as “RAMmageddon“) is driving up the cost of producing devices of all stripes. As a result, companies are increasingly passing on the costs to their customers.

In a sign of the times, Apple recently hiked its prices, and has sought to offset the steep new rates by introducing a device leasing program, thus allowing users to pay off their devices over time.

The RAM shortage is expected to continue throughout 2027 before prices potentially crest and stabilize in 2028.

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Amazon (NASDAQ:AMZN | AMZN Price Prediction) shares are trading at $258.63 as of Friday’s close, down 2.47% over the past week but up 14.19% year to date. Still, shares of the hyperscaler sit well below their 52-week high of $287.16, and the Street’s consensus price target sits at $280.47.

Most analysts hold constructive but measured outlooks. TD Cowen, however, is making a significantly bolder call on AWS revenue, centered on one argument: Wall Street is still underestimating Amazon’s AI-driven cloud growth. Can AMZN realistically reach TD Cowen’s implied target by end of 2026?

TD Cowen’s $165 Billion AWS Prediction TD Cowen raised its AWS revenue estimate to $165 billion for 2026, placing it 3% above Wall Street consensus, and extended that view to $222 billion for 2027, which is 11% above consensus. The firm’s thesis rests on generative AI tailwinds and Amazon’s commitment to approximately $200 billion in capital expenditures in 2026, predominantly directed at AI infrastructure. TD Cowen believes the divergence between its estimates and consensus will widen as enterprise AI workloads accelerate through the year.

Key Drivers of AMZN Stock Performance 1. AWS acceleration with room to run: AWS closed Q4 2025 at a $142 billion annualized run rate, growing 24% year-over-year, the fastest pace in 13 quarters. That trajectory directly underpins TD Cowen’s $165 billion estimate. A cloud business compounding at that rate inside a diversified mega-cap offers durable, long-horizon growth without the volatility of pure-play AI names.

2. Custom silicon creating a structural cost advantage: Amazon’s Trainium and Graviton chips now carry a combined annualized revenue run rate well over $10 billion, growing triple-digit percentages year-over-year. Proprietary chips lower inference costs for customers and improve Amazon’s own economics, compounding margins over time.

3. Enterprise AI adoption still in early innings: Over 100,000 companies are using Amazon Bedrock, and CEO Andy Jassy described enterprise production workloads as “the lion’s share of that demand still yet to come.” That pipeline represents multi-year compounding revenue with a 5-to-10-year horizon.

What Will It Take for AMZN to Reach TD Cowen’s Target? With 10.73 billion shares outstanding and a current market cap of approximately $2.2 trillion, meaningful upside requires AWS to sustain its growth trajectory while operating margins expand. Three conditions matter most: AWS must maintain or accelerate its growth rate through 2026 as new AI capacity comes online; the $200 billion CapEx cycle must translate into revenue faster than the market currently models; and enterprise migration from on-premise infrastructure to cloud must continue broadening beyond the AI labs that currently dominate demand.

The primary risk is straightforward: Free cash flow declined 37.12% year-over-year in Q4 2025 as CapEx surged, and sustaining that investment pace without visible near-term return will pressure sentiment. Still, with 63 out of 67 analyst ratings at Buy or Strong Buy and TD Cowen’s AWS estimates sitting materially above consensus through 2027, the institutional conviction behind this growth story remains among the strongest in large-cap tech.

Contact [email protected] for any questions or corrections.

Amazon (AMZN -0.57%) has emerged from a challenging period with high growth and massive opportunities. Its artificial intelligence (AI) spend, which provoked an exodus from the stock last year, is paying off, and the market is starting to appreciate it again.

Amazon stock is up 15% year to date, edging out the S&P 500's 13% gain, but it still looks cheap; it's trading at 21.3 times forward, 1-year earnings, a very slight premium to the S&P 500 average of 20.4.

Image source: Amazon.

Amazon has massive opportunities CEO Andy Jassy has maintained over the past few years that the AI spend is necessary to harness the incredible opportunities in AI. Amazon has a first-mover's edge and the most to gain, since it's the largest cloud company in the world.

At times, Jassy has appeared surprised by the intense, negative market reaction to what seems logical and necessary. He has reiterated many times that this is the biggest opportunity since the internet, and that there's going to be a shift to the cloud. Well, that time has come, and Amazon is ready.

Although Amazon has been reporting strong growth for a while, the second quarter was a standout. Sales increased 20% over last year, all the more impressive now that Amazon is the largest company in the world by sales. It's highly profitable as well, and operating income rose from $10 billion last year to $27.5 billion this year.

Amazon Web Services (AWS), the cloud segment, is doing a lot of the heavy lifting. Sales for the cloud business increased more than 37% year over year, the highest in 18 quarters. That's in turn driven by AI. AWS offers a vast platform for AI development with a large array of features and products for every budget. It serves a huge client base of top-tier companies like Warner Bros. Discovery, Snowflake, and Moody's, all of which it signed new deals in the second quarter. AWS operating income increased from $10.2 billion to $16.6 billion, accounting for more than 60% of the total.

It also has a fast-growing chip company which would be one of the largest chip businesses in the world on its own, and it signed multi-year commitments with Anthropic and OpenAI in addition to many more clients in the second quarter. Amazon's Graviton5 chip has 25% better compute performance than Graviton4, and the line already has 30% to 40% better compute performance than similar chips. Revenue commitments for Graviton increased threefold sequentially in the second quarter.

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Investors shouldn't ignore progress in e-commerce, though. Amazon added 80 U.S. cities to its ultra-fast delivery service, which gets orders to customer in less than 30 minutes. E-commerce is still Amazon's bread and butter, and the money coming in from the core e-commerce segment provides the foundation for the company to launch new businesses like AWS and the brand-new Amazon Leo satellite broadband business, which competes with Space Exploration Technologies' Starlink business. E-commerce is still growing by double digits, and if not outshined by AI, it would be impressive on its own.

Is Amazon stock a bargain? So why is Amazon stock so cheap?

When a company is as big as Amazon, or any of the mega-cap companies, the market sees a cap on growth. Although Amazon is growing by double digits, it's not the same kind of astronomical growth as a young upstart. So while there's a long opportunity ahead, it's going to come more slowly and more steadily. That's the only reason I can think of for why Amazon stock looks so cheap today.

Investors should keep that in mind when considering Amazon stock. The company can still outperform the market and create shareholder value, but it's not going to deliver the same life-changing wealth it did in the past.

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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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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Our 24/7 Wall St. price target for Amazon (NASDAQ:AMZN | AMZN Price Prediction) is $341.77, implying 31.73% upside from the current $259.45. Our recommendation is buy with a 90% confidence level, driven by AWS re-accelerating to its fastest growth in more than four years and an AI backlog that reshapes the multi-year earnings picture.

24/7 Wall St. Price Target Summary Metric Value Current Price $259.45 24/7 Wall St. Price Target $341.77 Upside 31.73% Recommendation BUY Confidence 90% The AWS Reacceleration That Changed the Narrative Amazon is up 12.4% year to date and 4.94% over the past month, though the stock has cooled 4.71% over the past week from a recent high. Shares trade roughly 14% below the 52-week high of $287.20.

The catalyst was Q2 fiscal 2026 results filed July 30, 2026. Revenue reached $200.6 billion, up 19.62%, with operating income up 43% to $27.46 billion. AWS grew 37% to $42.23 billion, its fastest pace in 18 quarters, and advertising climbed 26% to $19.8 billion. Shares jumped 17.98% within a day following the report.

The Case for $392 and Above Bulls point to an AI story that keeps compounding. Amazon’s AI and Chips businesses each cleared $25 billion annualized run rates in Q2 with triple-digit growth, and AWS backlog stood at $496 billion, growing triple digits year-over-year. Trainium2 is fully subscribed, and multi-gigawatt commitments now include Anthropic and OpenAI (the power, cooling, and networking suppliers behind that buildout are the subject of a free report we put together here).

Bedrock customers spent more in Q2 than in all prior quarters combined. CEO Andy Jassy told investors he now believes AWS can become a “trillion dollar annual revenue business” over time.

Advertising at a $70 billion-plus run rate and record delivery speeds strengthen the retail engine. Sell-side analysts echo the case, with 59 buy or strong buy ratings versus three holds and zero sells. If AWS margins hold near 39.4%, the bull case at $392.40 becomes realistic.

What Could Go Wrong The bear case starts with capex. Amazon spent $54.2 billion in a single quarter, up 68.44%, driving free cash flow to negative $7.6 billion on a trailing basis. Fiscal 2026 capex is guided near $200 billion. Long-term debt climbed to $119.1 billion from $65.6 billion, raising interest expense as tariffs, fuel inflation, and an 80 basis point FX headwind weigh on Q3.

Retail investor sentiment on Reddit has drifted into bearish territory around a $4 billion Bezos share disposition. Management has laid out data-center economics that break even in under three years on server outlay, with 30-plus years of subsequent monetization, and most AI capacity is already contracted for at least five-year terms. Our bear case still puts the stock at $292.16, a modest gain from here.

How Amazon Compares to Microsoft and Alphabet Microsoft (NASDAQ:MSFT) trades at a trailing P/E of 27 with Azure growth of 43% in its most recent quarter, still ahead of AWS but decelerating relative to Amazon’s reacceleration. Microsoft’s $678 billion commercial RPO exceeds AWS backlog, so a modest discount for Amazon’s slower cloud growth is warranted, though narrower than the current gap.

Alphabet (NASDAQ:GOOGL) grew Google Cloud 82% to $24.77 billion in Q2 2026, faster than AWS on a smaller base, and trades meaningfully cheaper than AMZN on earnings. Amazon carries the highest trailing multiple of the three, but AWS reacceleration plus a $19.8 billion ads business the others can only partially match justifies the premium implied by our target.

Amazon Price Prediction 2026-2030 Our 24/7 Wall St. price target of $341.77, buy rating, and 90% confidence reflect a rare setup: AWS growth is accelerating into a capex cycle already contracted well into 2028.

The thesis holds so long as AWS growth stays above 30% and operating margin holds near 39%. The thesis weakens if capex intensity forces further debt issuance without matching backlog growth. On today’s evidence, the risk/reward skews favorable in our model.

Year 24/7 Wall St. Price Target 2026 $288 2027 $342 2028 $410 2029 $485 2030 $570 These projections assume AWS continues executing on its AI infrastructure buildout and advertising sustains 20%-plus growth. Significant upside or downside could result from Trainium adoption at third-party data centers or a sharper capex overhang.

Contact [email protected] for any questions or corrections.

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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by Todd Bishop on

Einride plans to deploy 500 Tesla Semis for Amazon and other customers. (Tesla Photo) Amazon is quietly accumulating a stake in Einride, the Swedish electric trucking company that said Tuesday it will deploy 500 Tesla Semis for Amazon and other customers.

Einride’s SEC filings show Amazon holding warrants for 25.2 million shares — about 12% of the company — that vest as Amazon buys freight services. The company’s financial report Tuesday, its first since going public in June, has the warrants on its books for the first time.

At the same time, Einride is relying heavily on Amazon for growth, forecasting a 60% to 73% year-over-year revenue increase in the second half, “fueled by the Amazon ramp and other deployments in the U.S. and Europe,” as the company said in its earnings release.

Amazon announced in April that Einride would deploy 75 electric trucks with charging at five U.S. sites in its middle-mile network, the leg between warehouses and delivery stations.

Tesla Semi rollout: Einride also said Tuesday it will deploy 500 Tesla Semis across North America, calling it the largest deployment of Tesla’s electric big rigs in the world to date. The trucks will serve Amazon and other Einride customers on freight corridors in California, Texas, New Jersey, Illinois and Georgia, rolling out in phases over two years beginning in September, financed by third parties.

This appears to be the first time Tesla Semis will haul Amazon freight. PepsiCo runs the largest fleet of Tesla Semis, close to 100 trucks, but Amazon has never been a named user.

Amazon’s electric semis: Amazon has been turning to other manufacturers to electrify its freight network beyond the last-mile delivery vans it buys from Rivian. It deployed nearly 50 Volvo electric semis at Southern California ports and ordered more than 200 electric big rigs from Mercedes-Benz for Europe, part of a pledge to reach net-zero carbon across its operations by 2040.

Einride, for its part, doesn’t sell trucks. It buys and finances them, hires the drivers or contracts carriers, builds the charging infrastructure, and hauls a customer’s freight for a fee — using its own software, called Saga AI, to plan routes around charging windows and battery range.

The pitch to a shipper like Amazon is that it gets electric trucking capacity without purchasing vehicles itself or creating electric charging infrastructure.

Long-term autonomy: Einride is also one of a small group of companies running fully driverless trucks in commercial service in the U.S., with Level 4 autonomous vehicles operating in Ohio and more than 5,400 driverless hours logged for customers as of June 30.

The trucks hauling Amazon’s freight, however, have drivers, as will the Tesla Semis, for now. Tesla CEO Elon Musk said on the company’s July earnings call that self-driving capability for the Semi is about a year away. That timeline would fall inside Einride’s two-year rollout.

Einride’s Amazon deal: Roozbeh Charli, the Einride CEO, said on the earnings call Tuesday that the April announcement with Amazon brought a wave of new business.

The takeaway for customers about Einride was, “If these guys can handle the complexity of Amazon’s network, they can handle ours,” he said, explaining that there was “quite a lot of inbound” following the news.

Charli said customers rarely specify hardware, and that Einride selects truck platforms based on the routes and the data. That would suggest that Einride chose the Tesla Semis, not Amazon.

The Amazon warrants did not come up on the call. The terms have been technically public since April, buried in an exhibit to Einride’s merger filings with the SEC, but haven’t been previously reported, in part because Einride’s prospectuses refer to Amazon as “the Specified Party.”

Amazon’s financial arrangement with Einride follows a pattern.

The company struck a similar deal with Plug Power in 2017, taking warrants for up to 55.3 million shares that vested as Amazon bought fuel-cell equipment for its warehouses. Amazon invested in Rivian in early 2019, then ordered 100,000 electric delivery vans from the startup later that year. The company owns about 12% of Rivian today. Amazon and Einride did not immediately respond to questions about the arrangement.

On a recent episode of The Investor’s Podcast (838), Daniel Mahncke and Shawn O’Malley argued that Amazon offers more asymmetric upside than its hyperscaler peers: “Amazon has literally built one of the largest chip businesses in the world in the last couple of years, and barely anyone has even noticed.”

Amazon’s silicon business now exceeds a $25 billion annualized run rate, is growing at a triple-digit percentage, and has expanded from about a $10 billion run rate in under a year.

The $25B Chip Business Hiding Inside AWS Amazon (NASDAQ:AMZN | AMZN Price Prediction) has scaled its custom silicon operation faster than most investors realize. On the Q2 FY2026 earnings call, CEO Andy Jassy told analysts AWS grew 36.7% year over year, the fastest growth in 18 quarters. On the show, the hosts suggested the current $25 billion run rate for the chips business “could even be double that or closer to $50 billion” if Amazon began selling chips externally.

Amazon’s Trainium2 is fully subscribed with 1.4 million chips landed, powering the majority of inference on Bedrock. Project Rainier is the world’s largest operational AI compute cluster with more than 500,000 Trainium2 chips training Anthropic’s Claude, and OpenAI committed to roughly 2 GW of Trainium capacity beginning 2027. On the CPU side, Graviton is used by 98% of the top 1,000 EC2 customers.

AWS’s $496B Backlog Supports the Silicon Expansion AWS revenue reached $42.2 billion in Q2 FY2026, with operating income of $16.6 billion and a 39% operating margin. Even more exciting, the company’s $496 billion backlog tells the forward story, growing at triple-digit rates year over year.

Amazon’s capital spending is climbing to match. Q2 CapEx was $53.1 billion, with roughly $200 billion planned for FY2026. Amazon’s CEO Andy Jassy has framed AWS as capable of becoming “a trillion-dollar annual revenue business for us in time.”

Google’s AI Rally Has Left Amazon Far Behind Alphabet (NASDAQ:GOOGL) offers a natural comparison, with its own custom TPU stack and hyperscale cloud. Google Cloud accelerated to 82% growth in Q2 FY2026, reaching $24.77 billion, with Q2 CapEx of $44.9 billion. The show hosts flagged that both companies are guiding to roughly $200 billion in CapEx and that free cash flow has turned negative as a result.

What differs is the market’s reception. At the time of recording, Alphabet was up roughly 75% while Amazon was up just 0.5% over 12 months. The hosts laid out the case for Amazon stock today, saying: “Since Amazon has benefited less from the AI hype cycle, there’s probably less for the stock to lose in terms of giving up gains,” and “It does feel like [Amazon] has a lot more room to catch up.”

Amazon’s Valuation Creates an Asymmetric AI Setup After adjusting for a $17 billion markup due to Amazon’s Anthropic stake, Amazon trades closer to 17-18x operating cash flow, which the hosts called “pretty attractive for a company of that quality.” The forward P/E sits at 28.3, with analyst consensus firmly bullish at 59 buy or strong buy ratings versus 3 hold and no sell ratings, and a target price of $327 vs a current share price of $260.

Amazon’s custom-silicon business, Trainium and Graviton, has become a core part of AWS. This business supports Anthropic, has attracted a major OpenAI commitment, and generates more than $25 billion in annualized revenue. The risk is that Amazon must spend roughly $200 billion this year to satisfy an AI demand curve that remains difficult to forecast.

Yet with Amazon trailing dramatically behind Alphabet, investors may be getting one of the world’s fastest-growing chip franchises without paying the same AI premium attached to its peers.

Contact [email protected] for any questions or corrections.