Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 25th, 2026

Anchor Investment Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,881 shares of the e-commerce giant’s stock after buying an additional 2,160 shares during the quarter. Amazon.com accounts for approximately 1.3% of Anchor Investment Management LLC’s holdings, making the stock its 16th biggest holding. Anchor Investment Management LLC’s holdings in Amazon.com were worth $15,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Red Crane Wealth Management LLC boosted its holdings in shares of Amazon.com by 2.3% in the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after acquiring an additional 38 shares in the last quarter. Robinson Smith Wealth Advisors LLC raised its holdings in shares of Amazon.com by 0.7% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after buying an additional 40 shares during the last quarter. Lifelong Wealth Advisors Inc. lifted its position in Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock worth $402,000 after buying an additional 41 shares in the last quarter. Financial Connections Group Inc. grew its holdings in Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock worth $376,000 after acquiring an additional 42 shares during the last quarter. Finally, Marquette Asset Management LLC increased its position in Amazon.com by 5.1% in the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock valued at $205,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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

Positive Sentiment: Options data and several analyst/commentary pieces suggest traders expect a post-earnings move higher, and multiple firms remain bullish on AMZN heading into the July 30 report. Ahead of Amazon Earnings, Here’s What Barchart Data Says Comes Next for AMZN Stock Positive Sentiment: India eased e-commerce export rules, which is a win for Amazon’s international marketplace ambitions and could support long-term growth. India relaxes e-commerce investment rules for exports in win for Amazon Positive Sentiment: Several bullish research notes continue to frame AWS, custom silicon, and Amazon’s AI buildout as long-term growth drivers, with some investors arguing the capex surge should ultimately strengthen Amazon’s competitive moat. Amazon: Why The CapEx Surge Makes Me More Bullish, Not Less Analyst Ratings Changes A number of brokerages recently weighed in on AMZN. Susquehanna reissued a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Rosenblatt Securities increased their price target on shares of Amazon.com from $296.00 to $332.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada restated a “buy” rating on shares of Amazon.com in a report on Tuesday, June 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $330.00 price objective (up from $280.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Oppenheimer boosted their price objective on Amazon.com from $275.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $312.91.

Read Our Latest Report on Amazon.com

Insider Buying and Selling In related news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. The sale 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 9,270 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 value of $2,489,273.10. Following the completion of the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $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. Insiders sold 140,425 shares of company stock valued at $37,715,464 in the last quarter. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Price Performance NASDAQ:AMZN opened at $232.11 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The stock’s 50 day moving average price is $248.26 and its two-hundred day moving average price is $236.32. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 1.75 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same period in the prior year, the firm earned $1.59 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

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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ARQ Wealth Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 112.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,480 shares of the e-commerce giant's stock after acquiring an additional 5,556 shares during the period.

Consumers know Amazon (AMZN -0.70%) best for its retail footprint. Investors, who tend to do a deeper dive on the company, tend to focus on the profitability of Amazon Web Services and Amazon's AI business.

Nonetheless, one other source of revenue has driven higher growth. Better still, that business directly leverages the company's e-commerce site, which is visited by an estimated 2.2 billion people monthly.

Image source: The Motley Fool.

Amazon's lesser-known business segment Investors often forget about Amazon's advertising services business.

Advertising services generated over $17 billion in net sales in the first quarter of 2026, about 9.5% of the company's total. On a trailing-12-month basis, it grew by 24% year over year. That was well above the 17% net sales growth for the overall company, and third only to AWS and Amazon's "other" category in terms of growth.

Admittedly, Amazon itself is probably to blame for this segment attracting relatively little attention. The only metric the company publishes for this business is net sales. Moreover, Amazon divides its advertising services revenues among the North America and international segments, and offers no clarity about how much it contributes to each of them.

Today's Change

(

-0.70

%) $

-1.64

Current Price

$

232.02

So investors have no idea how much operating income the ad business generates. This is significant because such ad businesses tend to have little additional overhead as they scale. Since Amazon has underperformed in 2026, knowing more about how that segment is performing could give investors a reason to buy the stock.

Ultimately, the outlook for the advertising business is probably an excellent reason to buy Amazon stock. It will probably remain a vibrant growth area for the company. Furthermore, even if Amazon chooses not to provide more clarity on how advertising benefits the company's financials, having a major business that's growing as fast as its advertising services unit is can only be good for the consumer discretionary stock over the long term.

Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.

by Todd Bishop on Jul 24, 2026 at 12:46 pmJuly 24, 2026 at 12:49 pm

GeekWire File Photo Amazon is closing its San Francisco AGI site as part of the layoffs it made this week in its artificial general intelligence organization, but said its frontier model research lab will continue.

A company spokesperson confirmed the news of the site closure, which was first reported by The Information. Amazon’s frontier model research work will carry on under Pieter Abbeel, a UC Berkeley professor who joined Amazon in 2024 when the company licensed the technology and hired the team from Covariant, the robotics startup he co-founded.

The AGI Lab was founded in December 2024 and initially built around several dozen employees Amazon brought in from the startup Adept, including its co-founder and CEO David Luan.

The team grew to about 80 people at its peak, according to The Information, but more than a dozen of the Adept hires have since left, Luan among them. Earlier this week, Amazon confirmed it was cutting an unspecified number of jobs across the broader AGI organization.

Impacted employees will have the chance to explore other roles at Amazon, the spokesperson said, and the company is supporting them through that process.

Nova Act, the browser-agent model and service that came out of the group, remains available on AWS and in use by customers. More broadly, AWS has continued to build out its agentic AI lineup, including Bedrock AgentCore and applications like Kiro, Quick, Continuum and Transform.

The moves come as Amazon invests heavily in helping customers deploy AI, including a $1 billion AWS effort to embed engineers with businesses building AI agents. The initiative reflects an expanded industry focus toward putting agents and models to better use for customers.

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I keep hitting the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction) for a reason that barely makes the headlines: the custom silicon business sitting inside AWS. Everyone argues about retail margins and NVIDIA‘s (NASDAQ:NVDA) next quarter while I quietly load up on the company that is building its own chips at a scale most investors have not priced in.

Here is what pulled me back to the buy button this quarter. Andy Jassy told analysts on the Q1 2026 call that Amazon’s chip business is running at over $20 billion annually and growing triple-digit percentages year over year. If those chips were sold standalone, the annual revenue run rate would be $50 billion, which Jassy says makes it one of the top three data center chip businesses in the world. A top-tier semiconductor company is hiding inside a retailer’s segment reporting, and the market is treating it like a footnote.

The data-grounded case is straightforward. First, the commitments are real. Amazon has over $225 billion in Trainium revenue commitments, with Anthropic, OpenAI, Meta, and Uber signed on. Second, the price-performance edge is durable. Trainium2 delivers about 30% better price performance than comparable GPUs and is largely sold out, and Trainium3 is 30% to 40% more price performant than Trainium2, with much of Trainium4 already reserved. Third, this is showing up in the P&L. AWS grew 28% year over year in Q1 2026 to $37.587 billion, the fastest pace in 15 quarters, at a 37.7% operating margin. Jassy said Trainium should eventually deliver several hundred basis points of operating margin advantage versus buying chips elsewhere.

Why This Instead of NVIDIA I own the picks-and-shovels play by owning Amazon. NVIDIA trades at a trailing P/E of 31, a price-to-sales of 20, and a price-to-book of 25. Amazon trades at a P/E of 35 for the entire company, and the market gives roughly zero credit to the chip unit at semiconductor multiples. NVIDIA is priced for perfection. Amazon is priced as if the chips do not exist. When Wall Street starts valuing the silicon at anything close to peer multiples, I want to already be inside.

The Real Risk The check has to clear. Free cash flow trailing twelve months fell 95% to $1.2 billion because property and equipment spending jumped $59.3 billion year over year. Long-term debt has climbed to $119.1 billion from $65.6 billion. The 2026 CapEx plan is roughly $200 billion. If AI demand slows, that spending stops looking visionary and starts looking indulgent.

I keep buying anyway because the balance sheet absorbs it. Interest coverage sits at 35.2x. Return on equity is 22.3%. Operating cash flow was $139.51 billion in FY 2025. Jassy said AWS backlog is $364 billion, before Anthropic’s $100 billion deal. The customers are already committed for years of the capacity being built.

The stock is up 11.96% over the past year and 578.98% over ten years. Analysts sit at 62 buy ratings, 4 holds, zero sells. My buy button stays active because a chip company is being built inside my position while I pay retailer multiples.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

HomeStock IdeasIPO Analysis

SummaryIn this episode, Mike Larson sits down with Eva Ados, COO and chief investment strategist at ERShares, and Mark Mahaney, director of internet research at Evercore ISI.The conversation begins with Eva explaining why companies are staying private longer - and how that shift means a growing share of their value creation can occur before an IPO.Mark then explains why highly anticipated IPOs often trade below their offering prices after going public.For investors interested in IPOs, private-market access, Artificial Intelligence, SpaceX, Amazon, and identifying elite growth companies during periods of weakness, this episode delivers a practical framework for finding opportunity beyond the market’s biggest headlines. primeimages/E+ via Getty Images

By Mike Larson

Mike Larson: Hi there. I'm Mike Larson, Editor-in-Chief with MoneyShow. Coming to you from the MoneyShow Masters Symposium in Las Vegas. Today, I'm sitting now with Eva Ados, COO and Chief Investment Strategist at ERShares, and Mark Mahaney, Director of

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SummaryWhile critics panic over increasing CapEx, Amazon’s $143 billion cash reserves generate enough in quarterly interest income to fund debt obligations.Amazon has $364 billion, and counting, in legally binding, long-term cloud contracts that ensure data center compute capacity is accounted for before construction completes.Though infrastructure investments have temporarily reduced short-term free cash flow, these assets are projected to deliver highly profitable returns by the end of 2028 and for many years to follow.Editor's note: Seeking Alpha is proud to welcome MarginMinded as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I currently own shares in $AMZN. I do not own any options or other derivatives in AMZN. I will not buy/sell shares, options, or other derivatives of AMZN for the 72 hours defined above. I will not initiate any trades for this position per the 72 hours defined above.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Posted by Defense World Staff on Jul 24th, 2026

Citizens Financial Group Inc. RI reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 669,306 shares of the e-commerce giant’s stock after selling 10,761 shares during the quarter. Amazon.com makes up approximately 1.9% of Citizens Financial Group Inc. RI’s investment portfolio, making the stock its 10th biggest position. Citizens Financial Group Inc. RI’s holdings in Amazon.com were worth $139,396,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades A number of equities research analysts have issued reports on the stock. Mizuho increased their price objective on shares of Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $330.00 target price (up from $280.00) on shares of Amazon.com in a report on Thursday, April 30th. Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Amazon.com in a research note on Wednesday, July 15th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $296.00 to $332.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Moffett Nathanson boosted their price target on shares of Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $312.91.

Check Out Our Latest Stock Report on AMZN

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

Positive Sentiment: Analysts continue to see Amazon as a leading AI beneficiary, with AWS growth expected to stay strong into earnings. Amazon Viewed as Leading AI Beneficiary, AWS Acceleration Supports Buy Rating with Price Target Unchanged at $310 Positive Sentiment: India loosened e-commerce investment rules for exports, which could help Amazon expand cross-border sales. India relaxes e-commerce investment rules for exports in win for Amazon Positive Sentiment: Amazon is adding games to Prime Video and integrating Luna, supporting its bundled services strategy. Amazon is bringing games to Prime Video Neutral Sentiment: Amazon reorganized its artificial general intelligence team, with layoffs framed as a reset to focus on higher-priority AI initiatives. Amazon cuts some jobs in its artificial general intelligence unit Negative Sentiment: A U.S. Senate panel is probing whether Amazon allowed Chinese influence to affect marketplace decisions, raising regulatory risk. Amazon Faces Senate Probe Over Alleged China Influence Negative Sentiment: Investors are questioning whether Amazon’s aggressive AI capex plans could pressure margins and earnings near term. Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks Amazon.com Stock Performance Shares of Amazon.com stock opened at $233.66 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $248.90 and its 200-day moving average price is $236.35. The firm has a market cap of $2.51 trillion, a P/E ratio of 27.95, a P/E/G ratio of 1.82 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Amazon.com’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,706 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $273.02, for a total value of $1,011,812.12. Following the completion of the transaction, the director directly owned 74,948 shares in the company, valued at approximately $20,462,302.96. The trade was a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 140,425 shares of company stock worth $37,715,464 in the last three months. 8.90% of the stock is owned by company insiders.

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.

Featured Articles Five stocks we like better than Amazon.com Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market 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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Posted by Defense World Staff on Jul 24th, 2026

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,275,566 shares of the e-commerce giant’s stock after acquiring an additional 12,756 shares during the period. Amazon.com accounts for approximately 2.4% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 4th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Amazon.com were worth $473,932,000 at the end of the most recent quarter.

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

Amazon.com Stock Performance AMZN opened at $233.66 on Friday. The stock has a market cap of $2.51 trillion, a PE ratio of 27.95, a P/E/G ratio of 1.82 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The stock’s 50 day simple moving average is $248.90 and its 200-day simple moving average is $236.35.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.

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

Positive Sentiment: Analysts continue to see Amazon as a leading AI beneficiary, with AWS growth expected to stay strong into earnings. Amazon Viewed as Leading AI Beneficiary, AWS Acceleration Supports Buy Rating with Price Target Unchanged at $310 Positive Sentiment: India loosened e-commerce investment rules for exports, which could help Amazon expand cross-border sales. India relaxes e-commerce investment rules for exports in win for Amazon Positive Sentiment: Amazon is adding games to Prime Video and integrating Luna, supporting its bundled services strategy. Amazon is bringing games to Prime Video Neutral Sentiment: Amazon reorganized its artificial general intelligence team, with layoffs framed as a reset to focus on higher-priority AI initiatives. Amazon cuts some jobs in its artificial general intelligence unit Negative Sentiment: A U.S. Senate panel is probing whether Amazon allowed Chinese influence to affect marketplace decisions, raising regulatory risk. Amazon Faces Senate Probe Over Alleged China Influence Negative Sentiment: Investors are questioning whether Amazon’s aggressive AI capex plans could pressure margins and earnings near term. Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks Analysts Set New Price Targets A number of research analysts recently weighed in on AMZN shares. Wells Fargo & Company set a $322.00 price objective on Amazon.com and gave the company an “overweight” rating in a research note on Tuesday. Truist Financial upped their target price on Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. UBS Group set a $315.00 price target on Amazon.com in a report on Monday, June 1st. HSBC lifted their price target on shares of Amazon.com from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Telsey Advisory Group boosted their price objective on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $312.91.

Read Our Latest Report on AMZN

Insider Transactions at Amazon.com In other news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction dated 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 directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% 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 three months, insiders have sold 140,425 shares of company stock worth $37,715,464. 8.90% of the stock is currently owned by company insiders.

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.

Read More Five stocks we like better than Amazon.com Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market 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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« PREVIOUS HEADLINEAmazon.com, Inc. $AMZN Shares Acquired by Ferguson Wellman Capital Management Inc.

Posted by Defense World Staff on Jul 24th, 2026

American Trust lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,541 shares of the e-commerce giant’s stock after selling 7,636 shares during the quarter. American Trust’s holdings in Amazon.com were worth $4,278,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. MilWealth Group LLC raised its holdings in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com in the fourth quarter worth $45,000. Elkhorn Partners Limited Partnership grew its position in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares in the last quarter. Fairway Wealth LLC lifted its holdings 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 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 fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades AMZN has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $330.00 target price (up from $280.00) on shares of Amazon.com in a report on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating and issued a $340.00 price target (down from $350.00) on shares of Amazon.com in a report on Wednesday, July 8th. Citizens Jmp reiterated a “market outperform” rating and set a $315.00 price target on shares of Amazon.com in a research report on Wednesday, July 15th. Morgan Stanley boosted their price objective on Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $319.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.91.

Read Our Latest Research Report on AMZN

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

Positive Sentiment: Analysts continue to see Amazon as a leading AI beneficiary, with AWS growth expected to stay strong into earnings. Amazon Viewed as Leading AI Beneficiary, AWS Acceleration Supports Buy Rating with Price Target Unchanged at $310 Positive Sentiment: India loosened e-commerce investment rules for exports, which could help Amazon expand cross-border sales. India relaxes e-commerce investment rules for exports in win for Amazon Positive Sentiment: Amazon is adding games to Prime Video and integrating Luna, supporting its bundled services strategy. Amazon is bringing games to Prime Video Neutral Sentiment: Amazon reorganized its artificial general intelligence team, with layoffs framed as a reset to focus on higher-priority AI initiatives. Amazon cuts some jobs in its artificial general intelligence unit Negative Sentiment: A U.S. Senate panel is probing whether Amazon allowed Chinese influence to affect marketplace decisions, raising regulatory risk. Amazon Faces Senate Probe Over Alleged China Influence Negative Sentiment: Investors are questioning whether Amazon’s aggressive AI capex plans could pressure margins and earnings near term. Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks Insider Activity In other news, Director Jonathan Rubinstein sold 3,706 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $273.02, for a total value of $1,011,812.12. Following the sale, the director directly owned 74,948 shares of the company’s stock, valued at $20,462,302.96. The trade was a 4.71% decrease in their position. The sale 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 Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 140,425 shares of company stock valued at $37,715,464. 8.90% of the stock is currently owned by insiders.

Amazon.com Stock Down 4.6% NASDAQ:AMZN opened at $233.66 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The firm’s 50-day moving average price is $248.90 and its 200-day moving average price is $236.35. The company has a market capitalization of $2.51 trillion, a PE ratio of 27.95, a P/E/G ratio of 1.82 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. Amazon.com’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

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.

Further Reading Five stocks we like better than Amazon.com Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market 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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« PREVIOUS HEADLINELoews Corporation $L Shares Bought by Dimensional Fund Advisors LP

NEXT HEADLINE »California Public Employees Retirement System Grows Stock Holdings in AGNC Investment Corp. $AGNC

Amazon (AMZN -4.57%) fell about 4.6% on Thursday, and the company itself didn't report a thing. Most of the selling traces to other companies' earnings reports, though a new Senate inquiry into the company's marketplace added to the pressure. Alphabet bumped its 2026 capital spending plan to as high as $205 billion on Wednesday, and Tesla told investors its own capital spending will exceed $25 billion this year. Big tech fell broadly on the news, with all of the "Magnificent Seven" megacap stocks trading lower.

Amazon got caught in that downdraft for a specific reason. It has an AI (artificial intelligence) spending plan as big as any of them, at about $200 billion in expected capital expenditures for 2026. Alphabet's guidance raise arrived alongside negative free cash flow, and together they reminded investors that these budgets can still grow. Amazon reports its second-quarter results on July 30. The market spent Thursday pricing in the possibility that its number moves meaningfully higher, too.

Image source: Amazon.

The concern isn't hypothetical. Amazon's free cash flow for the trailing 12 months had already fallen to $1.2 billion as of the first quarter. A year earlier, that figure was $25.9 billion.

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But the other side of the ledger is growing, too. Amazon Web Services, the company's cloud computing business, grew revenue 28% year over year in the first quarter to $37.6 billion. That was its fastest growth in 15 quarters, and an acceleration from 24% the quarter before. The spending is buying acceleration, at least so far.

The stock now sits 16% under its 52-week high of $278.56. And it trades at about 29 times earnings, arguably a modest multiple next to several of its megacap peers.

What could override Thursday's worry on July 30 is straightforward: AWS growth accelerating even more, and a capital spending plan that doesn't lurch higher.

Daniel Sparks has clients with positions in Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, and Tesla. The Motley Fool has a disclosure policy.

Alphabet blows past earnings… capex jumps to $205 billion… why the “Lag 7” story is wrong… Louis Navellier’s “best market since 1999” Yesterday, after the closing bell, Alphabet (GOOG) reported its second-quarter results, and it was a whopper.

The tech giant blew past expectations, showing massive growth across its entire business:

Total revenue: up 24% year-over-year to $119.8 billion. Google search revenue: up 17%. Google Cloud (the AI engine): rocketed 82%. Operating income: up 30% while operating margins expanded to 34%. But the real issue going into the report was its capex guidance…

Would Alphabet maintain its commitments to AI infrastructure?

Yes – and then some.

Its capex increased 100% year over year to $44.9 billion. And it increased its already elevated full-year 2026 outlook of $180 billion to $190 billion, established in April, to $195 billion to $205 billion. And it won’t stop there…

CFO Anat Ashkenazi reiterated that 2027 spending will “significantly increase.”

Now, the downside of this is that the aggressive capex bill resulted in a negative free cash flow of -$5.85 billion for the quarter. This is weighing on Alphabet’s stock price today. As I write on Thursday, the stock is down 7%.

As has been the pattern in recent quarters, Wall Street is panicking about this colossal capex spend, fearing the returns won’t justify it. But beyond that fear, there’s no way to read this as anything other than a blockbuster performance. CEO Sundar Pichai summed it up this way:

Our AI investments are redefining what’s possible across every part of our business.

Alphabet down, AI trade up Going into last night, our technology expert Luke Lango, editor of Innovation Investor, gave us the playbook…

If Alphabet confirmed and/or raised its capex guidance, it would begin to firm up the AI infrastructure trade, which has taken a bath in recent weeks.

Sure enough, as I write on Thursday, though the Nasdaq is down about 2%, Western Digital (WDC) is up 5%, Marvell (MRVL) is 2% higher, and Seagate (STX) has added 3%. Other AI infrastructure darlings are also outperforming.

I reached out to Luke after the results, and he told me:

Alphabet’s results were stunning and a broad, strong rebuttal of “peak spending” fears which have weighed on the AI trade for the last two months…

So, they’re going to spend more. The 2026 capex forecast was boosted ~5% from $190B to $200B, its second hike this year already. That’s not a peak. That’s an acceleration…

We just got the confirmation we needed. The hyperscalers are going to keep spending. The party rolls on. 

Bottom line: Alphabet is the first Magnificent 7/hyperscaler domino to fall this earnings season, and the numbers were fantastic – despite the stock taking a beating today.

But that prompts a question…

When will the “Lag 7” return to being the “Mag 7”? In recent months, as the performance of the Magnificent 7 stocks has underwhelmed, the financial media has come up with an alternative name – the “Lag 7.”

Through late June, the Mag 7 were down about 3% on average year-to-date, while the S&P 500 was up nearly 9% over the same stretch.

Why?

In a word: capex – the same issue that has Alphabet deep in the red today.

Investors have grown nervous that the hundreds of billions these companies are pouring into AI data centers won’t pay off fast enough to justify the spend.

As we’ve been covering here in the Digest, those investment dollars have been rotating out of the AI spenders and into the AI infrastructure suppliers, which have soared even as the Mag 7 lagged.

Now, this capex spend is a legitimate issue for Mag 7 owners to consider. But here’s what the “Lag 7” narrative has forgotten…

The Mag 7’s Q1 earnings were generally quite strong, and projected Q2 earnings are equally impressive.

Here’s FactSet:

In aggregate, the “Magnificent 7” companies have reported higher (year-over-year) earnings growth than the other 493 companies in the S&P 500 over the past several quarters.

Is this trend expected to continue in Q2 2026? The answer is yes.

For Q2 2026, the estimated (year-over-year) earnings growth rate for the “Magnificent 7” companies is 31.1%.

On the other hand, the blended (combines actual and estimated results) earnings growth rate for the remaining 493 companies in the S&P 500 for the second quarter is 22.8%.

Thirty-one percent growth isn’t the profile of a group that’s “lagging.” It’s the profile of a group still doing exactly what earned it the “Magnificent” label in 2023.

Meanwhile, here’s what’s been mostly left out of the “Lag 7” critique… It’s a one-sided read.

It focuses almost entirely on what the hyperscalers are spending through the lens of “the returns won’t justify it.”

But what if they do? What if Wall Street just needs to take a deep breath and relax?

It’s worth remembering that investors have been wrong about this exact question before. The cloud buildout of the 2010s drew the same kind of margin anxiety at the time – and it went on to become one of the more durable profit engines in corporate history.

I dug up a Wall Street Journal article from 2014 titled “Google, Amazon and Microsoft’s Costly Spending War” that noted “being a tech giant ain’t cheap,” and then quoted Bernstein Research analyst Carlos Kirjner:

Google’s remarkable capex increase over the last year has raised concerns among investors.

Other articles from that period highlighted the anxious handwringing of investors due to the massive capex spend.

Sound familiar?

And how’d that turn out?  Well, when Amazon (AMZN) finally unbundled Amazon Web Services’ financial reporting in early 2015, Wall Street began to change its tune. Rather than a money pit, AWS was revealed to be a massive, highly efficient business generating billions in high-margin software revenue

This doesn’t guarantee AI capex plays out the same way. The scope of the capex spending today is on a completely different level.

Still, it’s a reminder that cries of “We’re spending too much” today could turn into “Wow! What foresight and vision!” tomorrow.

This is what we’ll be tracking. But history suggests that, when in doubt, we should give these Mag 7 management teams the benefit of the doubt.

But the good news doesn’t stop with Big Tech Let’s circle back to the FactSet quote from a moment ago.

Did you catch this?

On the other hand, the blended (combines actual and estimated results) earnings growth rate for the remaining 493 companies in the S&P 500 for the second quarter is 22.8%.

That figure isn’t just solid – FactSet notes it would mark the strongest growth the “other 493” have posted since Q4 2021.

And the trend is expected to broaden even further as the year goes on…

FactSet projects that by Q4 2026, the other 493 companies will actually outgrow the Mag 7: 25.3% versus 22.8%.

That fits with what we’ve been seeing in the “Lag 7” rotation: money moving into names that sit outside the traditional Mag 7 but are riding the same AI wave.

This helps explain why legendary investor Louis Navellier, editor of Growth Investor, is so bullish today…

The “best market environment since 1999” Let’s go straight to Louis:

The second quarter was the best-performing quarter for the NASDAQ and S&P 500 in six years…

I believe this is the best market environment we have seen since 1999…

In fact, I believe the current AI boom could ultimately be even more powerful than the internet boom of the 1990s.

It’s important to understand that this isn’t Louis being a perma-bull. His optimism is anchored in economic strength.

He notes that GDP grew at a 2.1% annual pace in the first quarter. Growth cooled a bit in the second quarter, but it is set to reaccelerate in the second half of 2026. And Louis is calling for GDP to hit “at least a 5% annual pace” in Q3.

Back to the investment legend:

Economic growth is poised to reaccelerate. The AI buildout is still gathering momentum. And most importantly, corporate profits are accelerating.

That is why the foundation beneath this market remains solid…

An economic reacceleration would goose what’s already been a period of strong returns for the market.

For example. I’m looking at Louis’ Growth Investor portfolio, seeing returns including:

Broadcom, Inc. (AVGO): 363% Carpenter Tech. (CRS): 212% EMCOR Group (EME): 249% Quanta Services (PWR): 421% And if Louis is right, these are the kinds of stocks that have more room to climb as the hyperscalers continue spending.

If you’d like Louis’ help in finding tomorrow’s triple-digit winners as this “best market environment since 1999” continues, click here to learn about joining him in Growth Investor.

But what about the AI bubble? Let me push back on all this optimism with a critique I’ve made in recent years…

It’s expensive.

Uber bears put it more dramatically: “We’re so overvalued today that we’re on the verge of a catastrophic crash that will put the dot-com crash to shame!”

But here’s the thing about all that capex from the hyperscalers…

It’s growing earnings so quickly that forward-looking valuations have been coming down significantly. This requires us to reassess the market’s overall price tag.

To do this, let’s use the forward P/E ratio: it compares today’s prices to forecasted earnings over the next 12 months.

According to FactSet, the S&P 500 has a forward P/E ratio of about 20.

Is this an egregious “super bubble that must pop” valuation?

No.

Over the last decade, the average forward P/E has been 19.

At 20, the market is slightly more expensive than usual, but nowhere near a runaway, terrifying bubble. For comparison, during the Dot-Com crash of 2000, this number pushed past 23.

Plus, this relatively high price tag of 20 is distorted by just a few massive tech giants. If you strip away those top heavyweights and look at the other 490+ stocks in the S&P 500, the rest of the market is trading at a much cheaper, more normal historical average of around 16 to 17.

Yes, you might want to diversify some of your portfolio away from higher-valuation tech into lower-valuation sectors. But that would be more of a rebalancing rather than a panicked “escape the bust” reaction.

One final reason for confidence… As we’ve just looked at, robust earnings growth is the solution to high valuations. So, how are earnings growth rates shaping up as we look ahead?

Back to FactSet:

For the second quarter, S&P 500 companies are reporting year-over-year growth in earnings of 24.7% and year-over-year growth in revenues of 12.8%.

For Q3 2026, analysts are projecting earnings growth of 27.0% and revenue growth of 10.8%.

For Q4 2026, analysts are projecting earnings growth of 24.6% and revenue growth of 10.4%.

For CY 2026, analysts are projecting earnings growth of 24.5% and revenue growth of 10.9%.

With numbers like this, Louis’ optimism about today’s market opportunities makes far more sense.

Back to the legendary investor:

Please – pinch yourself. You are not dreaming. The opportunity is real, folks.

It is time to grow and prosper.

Again, for Louis’ help, click here to learn about joining him in Growth Investor.

We’ll keep tracking the rest of the hyperscalers reports as they roll in over the next two weeks. But so far, so good for the AI trade.

Have a good evening,

Jeff Remsburg

Big tech companies and spending on artificial intelligence and its infrastructure have been one of the biggest stories in the stock market this year, ever since Amazon (AMZN -4.53%), Alphabet (GOOG -6.68%) (GOOGL -6.80%), Microsoft, and Meta Platforms disclosed plans to spend $700 billion on capital expenditures this year.

Of that, Amazon was the biggest spender at $200 billion, with Alphabet close behind at $185 billion. But in the company’s second-quarter earnings call with analysts, Alphabet executives announced plans to join Amazon in the $200 billion club, spending its capex primarily on servers, connectivity, storage, and memory for data centers.

Alphabet stock fell 6% the next day. Will Amazon also raise its capex spending when it reports earnings on July 30? And just as importantly, will Amazon stock face the same fate as Alphabet?

Image source: Amazon.

Why is Alphabet raising capex?Alphabet, the parent company of Google, spent $44.9 billion on capex in the second quarter, with 60% of that on servers and 40% on data centers and networking equipment. It had previously projected full-year capex to be in a range of $180 billion to $190 billion; it now anticipates spending between $195 billion and $205 billion.

“We're still in a supply constraint environment. I think we've said this now for multiple quarters in a row, we are seeing very strong demand, both from external cloud customers as well as across the business. Our goal is to invest as long as we see an attractive return on that investment,” CFO Anat Ashkenazi said.

In short, Alphabet says that demand is outpacing computing capacity, even though Alphabet is accelerating its spending.

Overall earnings for Alphabet were exceptionally strong, with revenue of $119.79 billion, up 24% from a year ago. Google Cloud revenues were $24.76 billion, up 82% from a year ago.

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How likely is it for Amazon to also raise capex?I believe it’s very likely. First, consider that Amazon is a much larger cloud provider than Alphabet. Amazon Web Services has the greatest global share of the cloud computing market at 28%, followed by Microsoft at 21% and Google Cloud at 14%.

Second, Amazon has been very public and bullish about its capex. In a letter to shareholders in April, CEO Andy Jassy posted a lengthy statement on Amazon’s website justifying the company’s planned spending and saying it would be a “meaningful leader” in AI.

We’re not investing approximately $200 billion in capex in 2026 on a hunch. The recent OpenAI commitment (over $100 billion) is an example of this, but there are several other customer agreements completed (and unannounced), or deep in process. Of the AWS capex we expect to spend in 2026, much of which will be monetized in 2027-2028, we already have customer commitments for a substantial portion of it. And third, there are indications that major hyperscalers are accelerating their AI spending. BNP Paribas analyst Stefan Slowinski recently predicted in an investor report that Microsoft, the No. 2 cloud computing company by market share, would spend a whopping $262 billion on capex in its 2027 fiscal year. (Microsoft reports its fiscal fourth quarter and full year 2026 earnings on July 29, but the company had previously disclosed $104.3 billion in capex spending through its first three quarters.)

What to expect from Amazon’s earningsFirst, I would be shocked if Amazon did not increase its projected capex, but I also expect the market to react poorly because of it. Investors are very focused on the pressure big tech’s capex spending is putting on free cash flow, and I understand why there are concerns that Alphabet, Amazon, and the rest won’t be able to realize a profit from all this spending.

But as Jassy points out, Amazon isn’t spending blindly. As long as Amazon’s spending and planned investment are backed by customer commitments and the demand for more computing power exists, then Amazon looks to be a long-term winner. Any dip in the stock following earnings could be an appealing opportunity to acquire more shares.

23.7.2026 19:01

Index Dow Jones -0,92 % na 51739,82 b. S&P 500 -1,19 % na 7409,52 b. Nasdaq Composite -2,1 % na 25151,85 b.

Index Dow Jones odepisuje téměř procento pří výprodeji technologických společností. Mimo Alphabet klesá i Amazon (- 4,1 %) a Salesforce ( -3,5 %). Z indexu S&P 500 se mimo komunikační služby nedaří zbytné spotřebě, kde reportovala výsledky společnost Tesla (- 14 %).

Thermo Fisher Scientific (8,2 %) roste po kvartálním reportu. Mimo dobré čísla management uvedl, že společnost cítí oživení poptávky ve všech hlavních segmentech. Nejedná se přitom o pouhé doplňování zásob, ale i dodávání analytických přístrojů, jelikož divize Analytical Instruments vzrostla o 15 %. Tržby za minulý kvartál dosahují USD 11,99 mld. a společně se ziskem na akcii USD 6,03 překonávají očekávání trhu. Společnost rovněž navyšuje odhad celoročního zisku na akcii na horní hranu USD 25,33.

Smíšený pocit z kvartálních výsledků mají investoři Freeport-McMoRan (- 2,6 %). Společnost sice dosáhla na lepší ziskovost, než bylo očekávání a reportovala EPS ve výši USD 0,74. Meziroční nárůst prodejní ceny mědi dosáhl 40 %. Vyšší prodejní ceny tak kompenzují nižší objemy produkce, které u zlata dosahují 40 % a u mědi 18 %. Management snížil výhled prodeje v dalším kvartále kvůli pomalému obnovování těžby v indonéském dole, který by měl dosáhnout plnou kapacitu až v příštím roce.

Lockheed Martin (10 %) reportoval silné výsledky za uplynulý kvartál. Růst tržeb dosáhl 11 % na mld. 20,1 USD a zisk na akcii překonal na úrovni USD 7,94 očekávání. Management současně navýšil celoroční výhled a tržby posadil mezi USD 79,75 – 81,75 mld. při zisku na akcii 29,95 – 30,65. Nevyřízené zakázky dosahují historické maximum společnosti USD 230 mld.

Po včerejším uzavření trhu reportovala výsledky i společnost Texas Instruments (- 4,4 %). Růst tržeb meziročně dosáhl na 23 % a nad konsenzus se dostal i zisk na akcii ve výši USD 2,14. Management v dalším kvartálu očekává jeho další růst na USD 2,23 – 2,57. Provozní výsledky a výhled byl slušný, ale trh nadále vyrušuje výše capex investic, které omezuje volné cash flow.

Výsledky dále zveřejnila i IBM (- 0,5 %) a společnost Alphabet (- 6,6 %).

SK Hynix (4,9 %) stanovuje limit na celkový počet vydaných ADR, které se obchodují v USA na 2,5 % všech akcií společnosti.

Uber Technologies (- 2,15 %) propustil 10 % zaměstnanců v divizi Community Operations, která se stará o zákaznickou a řidičskou podporu. Společnost dříve propustila přibližně 23 % zaměstnanců HR. K zefektivnění provozu ji pomáhá umělá inteligence.

Blízký východ je nadále velmi turbulentní. Futures na ropu Brent jsou opět nad USD 100 při téměř 7 % růstu. WTI se obchoduje nad USD 92. Hútíové oznámili, že zaútočili na dva saúdské tankery v Rudém moři. Posilují ropné společnosti. Exxon připisuje 1,87 % a Chevron roste o 1,5 %.

Index S&P 500 -1,19 % na 7409,52 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Průmysl +1,8 % Zbytná spotřeba -4,9 % Energie +1 % Komunikační služby -4,8 % Zdravotní péče +0,8 % Nezbytná spotřeba -1,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Allegion (ALLE) +13 % Tesla (TSLA) -14 % United Rentals (URI) +12 % Rollins (ROL) -9,3 % Lockheed Martin Corp (LMT) +10 % Dover Corp (DOV) -7,7 % Thermo Fisher Scientific (TMO) +8,2 % Globe Life (GL) -7,7 % RTX Corp (RTX) +7,2 % T-Mobile US (TMUS) -6,8 %
Marek Kameništiak
Fio banka, a.s.
Prohlášení

Amazon announced on Thursday that it’s bringing games to Prime Video by integrating its Luna cloud gaming service into the streaming platform. Games including “Hogwarts Legacy,” “EA Sports FC 26,” “Indiana Jones and the Great Circle,” “Clue,” and “Taboo” will be available starting today on Fire TVs in the U.S. and U.K.

With this move, Amazon is hoping games can turn Prime Video into a one-stop entertainment destination, borrowing a strategy from Netflix, which has increasingly embraced party games over the past several years. Since Amazon already operates a gaming service, it makes sense for the tech giant to integrate it into its streaming platform.

Alongside third-party titles and cult classics like “Taboo,” the games library will also feature titles developed by Amazon’s own gaming division, including its “Courtroom Chaos” games and the co-op card battler “Masters of the Universe: Legends Unite.”

Until now, games on Luna were only accessible through the cloud gaming platform’s standalone app available to Prime members. Now, they’ll be available alongside Prime Video’s movies and TV shows.

Image Credits:Amazon Amazon says its vision is to remove the barriers to gaming and make it accessible to anyone regardless of their experience or budget. The tech giant says Luna is designed to bring gaming to a much broader audience by removing the need for expensive consoles or gaming PCs and making games as easy to access as movies or TV shows.

Prime members can now access the new “Games” tab on Prime Video and start playing on their TV using a controller or their phone.

“For a lot of people, games have been harder to find than they should be,” Jeff Gattis, general manager of gaming at Amazon, said in a press release. “Bringing Luna inside Prime Video allows Prime members to discover games more naturally, and if they see one they like, they click it and they’re in. That’s less time searching and more time playing great games included with their Prime membership.”

Amazon says it will add new games every month. The tech giant also plans to bring games to additional devices and countries in the coming months.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Aisha is a consumer news reporter at TechCrunch. Prior to joining the publication in 2021, she was a telecom reporter at MobileSyrup. Aisha holds an honours bachelor’s degree from University of Toronto and a master’s degree in journalism from Western University.

You can contact or verify outreach from Aisha by emailing [email protected] or via encrypted message at aisha_malik.01 on Signal.

By PYMNTS  |  July 23, 2026

 | 

Amazon’s founder reportedly sees Prime Video as the place to tout the company’s AI efforts.

Jeff Bezos has urged Prime Video boss Mike Hopkins to revamp the streaming service to make artificial intelligence (AI) a starring role, Reuters reported Thursday (July 23), citing four sources with direct knowledge of the matter.

That led to an in-house project called Lighthouse, which would give the more than 200 million people who use Prime Video a better glimpse at Amazon’s AI capabilities, which the company has spent hundreds of billions of dollars developing.

PYMNTS has contacted Amazon for comment but has not yet gotten a reply.

Reuters sources said Lighthouse is seen as a key part of Amazon’s efforts to boost its standing in the AI space amid competition from the likes of OpenAI and Anthropic. Other projects, like the long-running upgrade of Amazon’s Alexa voice assistant to offer more conversational responses, have produced mixed results, with that division still losing money, sources have told Reuters.

According to Reuters’ sources, the Prime Video project came after a presentation the streaming service’s executives made to Bezos last fall turned “contentious,” with Bezos unhappy that plans for an updated Prime Video did not effectively spotlight the service’s AI/personalization capabilities. This led the company to jettison its original plans and launch Lighthouse.

In other Amazon news, PYMNTS wrote last week about new PYMNTS Intelligence research showing that while Walmart continues to dominate when it comes to routine shopping trips — especially for groceries — Amazon is gaining in purchases consumers research, plan and have delivered.

“The findings point to a broader change in consumer behavior: Shoppers are more often choosing the retailer that best fits each purchase rather than just making purchases where it is most convenient,” the report said.

“That creates fresh opportunities for merchants that can connect physical stores, digital experiences and flexible payment options into one seamless journey.”

The research also found an “inversion of traditional retail logic,” PYMNTS wrote. Retailers have long seen the weekly shopping trip as the foundation for bigger purchases, though new data indicates that relationship has softened. Customers still turn to Walmart for day-to-day essentials, but are increasingly relying on Amazon for more deliberate, higher-value purchases.

“In other words, frequent store traffic no longer guarantees a larger share of discretionary spending,” the report added. “As shoppers become more comfortable moving between physical stores and digital channels, retailers have an opportunity to rethink how they connect in-store visits with online engagement, personalized offers and payment experiences that encourage customers to complete more of their shopping in one ecosystem.”

I keep hitting the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction), and Alphabet (NASDAQ:GOOGL) just handed me another reason to keep going. When a Mag 7 peer posts Google Cloud growth of 82% with nearly 90% of the Fortune 100 running Gemini Enterprise, that lights up the entire cloud category. The market leader in cloud is still AWS, and AWS reports next Thursday.

The Three Engines I Cannot Stop Buying My thesis is plain. Amazon is three compounding businesses stapled together: a retail and logistics rail that would take a decade to rebuild, a cloud franchise that just posted its fastest growth in 15 quarters, and an advertising business now clearing more than $70 billion in trailing revenue. Any one of them would earn a top-quartile slot in my portfolio.

Start with AWS. Last quarter it grew 28% year over year to $37.59 billion at a 37.7% operating margin, and Andy Jassy called it “our fastest growth in 15 quarters.” The customer sheet is filling up: OpenAI committed roughly 2 GW of Trainium capacity from 2027, and Anthropic committed up to 5 GW. Amazon’s disclosed AI and cloud backlog now sits at $364 billion, which is contracted revenue standing behind the capex bill everyone loves to worry about.

Second, custom silicon. The Trainium, Graviton, and Nitro chip business is at a $20 billion annual run rate, growing triple digits year over year. Every workload Amazon runs on its own silicon instead of buying merchant GPUs is a permanent boost to that 37.7% AWS operating margin. Alphabet is racing to match with TPU. Amazon is already there.

Third, Bedrock and ads monetize the same customer base twice. Advertising grew 24% year over year on top of a $70 billion run rate, while Bedrock lets Amazon charge enterprises for AI inference on the AWS bill they already pay. That is compounding revenue with almost no incremental sales cost.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.

Why My Next Dollar Skips Alphabet I own some Alphabet, and Sundar Pichai’s EPS of $9.11 against a $3.0427 estimate was real. Here is what pushes my next dollar to Amazon anyway: Google’s buyback program was suspended in Q2 2026, its long-term debt jumped from $46.5 billion to $98.2 billion, and Search still carries the revenue mix. Amazon has three engines, no paused buyback conversation, and Google Cloud remains the #3 vendor chasing AWS.

The Risk I Own With Eyes Open Trailing free cash flow collapsed 95% to $1.2 billion because capex more than doubled, and long-term debt climbed from $65.6 billion to $119.1 billion with 2026 capex heading toward $200 billion. If AI monetization stalls, returns compress. Two facts keep my finger on the button: interest coverage of 35.17 and debt-to-equity of 0.37 mean this balance sheet can carry the bet, and the $364 billion backlog is already contracted against the spend.

The people running the company agree. On May 21, Andy Jassy bought 50,000 shares, AWS CEO Matt Garman added 18,196, and CFO Brian Olsavsky added 15,450. Polymarket now prices a 95% probability that Amazon beats Q2 earnings on July 30, with analyst consensus at $312.87 against a $244.85 close.

My money is going to the one company that owns the retail rail, the cloud rail, the ad rail, and now the silicon rail. My buy button stays warm through July 30 and long after.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Tzv. hyperscaleři se v roce 2020 obchodovali s poměrem cen akcií k ziskům na akcii nad 40. Nyní jejich PE dosahuje něco nad 20, v roce 2013 to bylo asi 13. Detailnější pohled na tento vývoj a cyklus připomíná, že valuace mohou korigovat a měnit se příjemným a méně příjemným způsobem. Dnes se podíváme právě na to, co tento cyklus táhlo a k tomu přidáme pár úvah o budoucnosti.

Hyperscaleři tedy za posledních více než 10 let prošli z fáze poměrně nízkých valuací do fáze extrémně vysokých PE. A po nich přišla valuační korekce, která se zatím usadila u PE něco nad 20. Ukazuje pak vývoj posledních cca 5 let, že investoři to s optimismem u těchto akcií masivně přehnali? Jak jsem psal, PE může jít dolů více způsoby: Přes pokles ceny (tedy přes nižší čitatel), přes růst jmenovatele, tedy zisků. A řadou kombinací těchto dvou možností. Podívejme se na pár konkrétních čísel:

Čistá zisk Microsoftu se mezi lety 2020 – 2026 zvedl z cca 50 miliard na 125 miliard, Alphabet zaznamenal růst z 60 na 140 miliard dolarů, Amazon z 21 na 90, Meta z 30 na 70. Onen vývoj valuací byl tedy do značné míry ovlivněn tím, že zisky se cca zdvoj – ztrojnásobily. O tomto příjemnějším způsobu korekce valuací jsem tu přitom psal již před časem. Příklad těchto populárních a významných akcií a společností ukazuje, že to v praxi může skutečně „fungovat“. Bude tomu tak?

Podívejme se teď na následující obrázek, který detailně ukazuje, jak hyperscaleři v čase přispívají k růstu zisků na celém americkém akciovém trhu. V prvním čtvrtletí minulého roku to bylo více než třetinou, polovodiče asi 16 % a zbytek trhu asi 48 %. Trend je pak celkem jasný v tom smyslu, že hyperscaleři přispívají méně, zbytek trhu zhruba stejně a polovodiče vyznačené modře stále více:

Těžiště tahounů růstu zisků se tedy přesouvá od těch, kteří do AI investují, k těm, od nichž své investice nakupují. Je to celkem známý příběh točící se ve svém jádru kolem budoucí návratnosti AI investic. Tedy návratnosti toho, co hypercaleři nakupují a budují. Vývoj bývá skeptiky přirovnáván třeba k boomu železnic, kdy byla budována celá řada tratí. Jejichž využití nakonec v celku nebylo takové, jaké si budovatelé představovali. Nicméně třeba ocelárny, dodavatelé kolejí, nebo dřevěných pražců, mohly být spokojeni. Protože jejich zisky se dostavily.

Nevím, zda celý příběh kolem AI a s ní souvisejícími investicemi skončí podobně, jako ten s železnicemi. Nebo zda půjde cestou, kdy budoucí zisků hypercalerů dá prostor pro zajímavý růst cen bez toho, aby se valuace dostaly, či držely neudržitelně vysoko. V tom prvním „železnicovém“ případě by fakticky došlo k transferu bohatství od akcionářů hyperscalerů k akcionářům firem v polovodičích. Respektive všech těch, které dodávají hypercalerům. V tom druhém by všichni něco získali na celkové nově vytvořené hodnotě.

Tento pohled shora a z celku nám může ještě připomenout tezi ekonomů Goldman Sachs, podle které investice do AI nijak významně nepřispívají k růstu amerického produktu. Tento pohled jde proti naprosto dominantnímu, podle kterého jsou to naopak právě AI investice, co táhne celý produkt výrazně nahoru. V GS ale tvrdí, že investice hlavně natahují do USA dovozy. Nejde o žádný detail, k nějakému jasnému informačnímu rozuzlení tohoto příběhu ale nedochází. Ve scénáři GS by přitom případný útlum investic hypercalerů (daný přehodnocením potenciálu monetizovat AI) neměl mít větší dopad na HDP. Měl by dopad na dovozy. V druhém případě by platil opak – produkt by citlivě reagovat na změnu investičního chování hypercalerů.

Posted by Defense World Staff on Jul 23rd, 2026

Candriam S.C.A. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,535,587 shares of the e-commerce giant’s stock after purchasing an additional 30,379 shares during the period. Amazon.com accounts for about 2.7% of Candriam S.C.A.’s investment portfolio, making the stock its 5th biggest holding. Candriam S.C.A.’s holdings in Amazon.com were worth $528,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMZN. Osprey Private Wealth LLC boosted its holdings in Amazon.com by 167.8% in the first quarter. Osprey Private Wealth LLC now owns 31,443 shares of the e-commerce giant’s stock worth $6,549,000 after purchasing an additional 19,703 shares during the period. Avid Wealth Partners LLC raised its stake in Amazon.com by 9.4% during the first quarter. Avid Wealth Partners LLC now owns 4,974 shares of the e-commerce giant’s stock worth $1,036,000 after acquiring an additional 428 shares during the period. Barnett & Company Inc. bought a new position in Amazon.com in the first quarter worth about $331,000. Petix & Botte Co lifted its holdings in Amazon.com by 4.9% in the first quarter. Petix & Botte Co now owns 2,896 shares of the e-commerce giant’s stock worth $603,000 after acquiring an additional 136 shares during the last quarter. Finally, Independence Bank of Kentucky raised its position in shares of Amazon.com by 4.5% during the 1st quarter. Independence Bank of Kentucky now owns 92,980 shares of the e-commerce giant’s stock worth $19,365,000 after purchasing an additional 3,979 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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

Positive Sentiment: Analysts remain upbeat on Amazon’s core growth drivers, especially AWS, with Bank of America reiterating a Buy rating and saying cloud growth could exceed expectations on strong enterprise AI demand. Article Title Positive Sentiment: Wall Street is also leaning into a strong second quarter for Amazon, with forecasts calling for revenue and operating profit above consensus and expectations that AWS growth is accelerating. Article Title Positive Sentiment: Amazon Business crossed a $60 billion annualized sales run rate, reinforcing that the company’s higher-margin B2B and enterprise offerings are still expanding. Article Title Positive Sentiment: Several market-commentary pieces highlighted Amazon as a beneficiary of AI infrastructure spending and a potential earnings beat, which is helping support longer-term sentiment. Article Title Neutral Sentiment: Amazon confirmed layoffs in its artificial general intelligence group as it shifts resources toward customer-facing AI products. The move may improve focus and discipline, but it also underscores ongoing restructuring inside the company’s AI efforts. Article Title Neutral Sentiment: Amazon also announced a $400 million plan to rebuild two Florida warehouses, which supports logistics capacity but adds to the company’s already heavy capital-spending burden. Article Title Neutral Sentiment: AWS struck additional collaboration deals, including with Observe.AI and funding support for Myseum.AI, reinforcing Amazon Web Services’ role as a key AI platform partner. Article Title Negative Sentiment: Job cuts in the AGI unit and broader questions about the cost of Amazon’s AI buildout are weighing on sentiment, especially with investors already focused on the company’s massive 2026 capex plans. Article Title Negative Sentiment: Shares also appear pressured by a broader rotation out of mega-cap tech and renewed scrutiny on whether heavy AI spending will translate into returns quickly enough. Article Title Wall Street Analysts Forecast Growth AMZN has been the subject of a number of recent research reports. Bank of America upped their price objective on Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Susquehanna reaffirmed a “positive” rating and issued a $325.00 price objective (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 18th. Evercore lifted their price target on Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, TD Cowen reaffirmed a “buy” rating and set a $340.00 target price (down from $350.00) on shares of Amazon.com in a research note on Wednesday, July 8th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.91.

View Our Latest Analysis on AMZN

Insiders Place Their Bets In related news, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the transaction, the senior vice president directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The 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 144,274 shares of company stock valued at $38,716,204 over the last 90 days. 8.90% of the stock is owned by corporate insiders.

Amazon.com Stock Performance AMZN opened at $244.85 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.63 trillion, a PE ratio of 29.29, a P/E/G ratio of 1.84 and a beta of 1.46. The business has a fifty day simple moving average of $249.58 and a 200-day simple moving average of $236.30. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the prior year, the business posted $1.59 earnings per share. Amazon.com’s revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

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.

Featured Stories Five stocks we like better than Amazon.com Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play 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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As Amazon.com, Inc. (NASDAQ: AMZN) sees a notable growth rate in Amazon Web Services (AWS) sales, Justin Post, an analyst at Bank of America Corp. (NYSE: BAC), has reiterated a bullish position.

Post maintained a Buy rating on AMZN stock in a note to clients analyzed by Finbold on July 23. He also reaffirmed the bank’s 12-month price target for Amazon at $310, thereby implying a 26.6% upside.

“The analyst reiterates a Buy rating and $310 PT, expressing confidence in Amazon’s Q2 performance, particularly the re-acceleration of AWS growth,” the note reads. 

BofA raised its second-quarter revenue estimate for Amazon to $198.8 billion and earnings before interest and taxes to $24.1 billion, both above Wall Street’s consensus. The firm also lifted its AWS sales growth forecast to 33 percent year-over-year, a 5 percentage point acceleration from the first quarter. 

Post said AMZN stock’s bullish outlook is bolstered by robust demand for Anthropic-related revenues and OpenAI models powering Amazon Bedrock. Additionally, the analyst expects AWS operating margins to expand to 34% on a year-over-year basis, supported by strong capacity utilization and improved pricing power.

Nonetheless, the bank pointed to key headwinds likely to impact AMZN stock. He said the company may increase its 2026 capital expenditure outlook to as high as $210 billion due to rising memory costs. Meanwhile, Post expects AWS margins may contract sequentially in the second quarter as stock-based compensation expenses rise.

Is AMZN a good stock to buy? Ahead of the July 30 Amazon earnings call for the second quarter of 2026, Post noted that cloud sector results from the company’s major peers are expected to heavily influence investor expectations. Alphabet Inc. (NASDAQ: GOOGL) reported on July 22, while Microsoft Corporation (NASDAQ: MSFT) is scheduled to follow on July 29.

AMZN analyst ratings. Source: TipRanks Following Post’s bullish sentiment for AMZN stock, 46 analysts surveyed by TipRanks have issued an average Strong Buy rating for the company. These analysts have set an average 12-month price target for Amazon stock at $318.98, suggesting a potential 30.27% upside.

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DENVER--(BUSINESS WIRE)-- #AmazonCareerChoice--Guild partners with Amazon's Career Choice program, giving eligible employees a pathway to high-demand maintenance and engineering technician roles.

India's government on Thursday ​eased foreign investment rules ‌to allow e-commerce companies to buy products directly ​from Indian sellers ​and then sell them ⁠to overseas customers, ​a major win for ​Amazon which lobbied for the change for months.

Posted by Defense World Staff on Jul 23rd, 2026

AlpenGlobal Capital LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,934 shares of the e-commerce giant’s stock, valued at approximately $11,024,000. Amazon.com comprises about 7.2% of AlpenGlobal Capital LLC’s portfolio, making the stock its 4th largest position.

A number of other hedge funds have also recently modified their holdings of AMZN. Red Crane Wealth Management LLC grew its position in shares of Amazon.com by 2.3% in the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after buying an additional 38 shares during the last quarter. Robinson Smith Wealth Advisors LLC increased its position in Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after purchasing an additional 40 shares during the period. Lifelong Wealth Advisors Inc. increased its position in Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock valued at $402,000 after purchasing an additional 41 shares during the period. Financial Connections Group Inc. raised its holdings in Amazon.com by 2.6% in the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock worth $376,000 after purchasing an additional 42 shares in the last quarter. Finally, Marquette Asset Management LLC raised its holdings in Amazon.com by 5.1% in the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock worth $205,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets A number of brokerages have recently weighed in on AMZN. Telsey Advisory Group lifted their target price on shares of Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Evercore increased their price target on shares of Amazon.com from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. TD Securities upgraded shares of Amazon.com to a “buy” rating in a report on Monday, April 13th. Moffett Nathanson lifted their price objective on Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Finally, Needham & Company LLC upped their target price on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $312.91.

Read Our Latest Stock Analysis on AMZN

Amazon.com Stock Performance Shares of AMZN opened at $244.85 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.63 trillion, a P/E ratio of 29.29, a P/E/G ratio of 1.84 and a beta of 1.46. The business’s 50 day moving average price is $249.58 and its 200-day moving average price is $236.30. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same quarter last year, the company earned $1.59 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

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

Positive Sentiment: Analysts remain upbeat on Amazon’s core growth drivers, especially AWS, with Bank of America reiterating a Buy rating and saying cloud growth could exceed expectations on strong enterprise AI demand. Article Title Positive Sentiment: Wall Street is also leaning into a strong second quarter for Amazon, with forecasts calling for revenue and operating profit above consensus and expectations that AWS growth is accelerating. Article Title Positive Sentiment: Amazon Business crossed a $60 billion annualized sales run rate, reinforcing that the company’s higher-margin B2B and enterprise offerings are still expanding. Article Title Positive Sentiment: Several market-commentary pieces highlighted Amazon as a beneficiary of AI infrastructure spending and a potential earnings beat, which is helping support longer-term sentiment. Article Title Neutral Sentiment: Amazon confirmed layoffs in its artificial general intelligence group as it shifts resources toward customer-facing AI products. The move may improve focus and discipline, but it also underscores ongoing restructuring inside the company’s AI efforts. Article Title Neutral Sentiment: Amazon also announced a $400 million plan to rebuild two Florida warehouses, which supports logistics capacity but adds to the company’s already heavy capital-spending burden. Article Title Neutral Sentiment: AWS struck additional collaboration deals, including with Observe.AI and funding support for Myseum.AI, reinforcing Amazon Web Services’ role as a key AI platform partner. Article Title Negative Sentiment: Job cuts in the AGI unit and broader questions about the cost of Amazon’s AI buildout are weighing on sentiment, especially with investors already focused on the company’s massive 2026 capex plans. Article Title Negative Sentiment: Shares also appear pressured by a broader rotation out of mega-cap tech and renewed scrutiny on whether heavy AI spending will translate into returns quickly enough. Article Title Insider Activity In other news, Director Jonathan Rubinstein sold 3,849 shares of Amazon.com stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the transaction, the director owned 78,654 shares of the company’s stock, valued at $20,450,040. The trade was a 4.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the transaction, the chief executive officer owned 2,175,766 shares in the company, valued at approximately $598,335,650. The trade was a 1.42% 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. Over the last three months, insiders sold 144,274 shares of company stock valued at $38,716,204. 8.90% of the stock is currently owned by insiders.

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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A new Government Accountability Office report commissioned by Sen. Bernie Sanders finds the number of Amazon (NASDAQ:AMZN | AMZN Price Prediction) workers relying on federal food and health assistance has nearly tripled since 2020, even as the company disclosed plans to spend $200 billion on artificial intelligence infrastructure in 2026.

The GAO reviewed enrollment data from 11 states representing roughly one-fifth of the U.S. population, covering February 2020 through September 2025. In those states, 12,346 Amazon workers were enrolled in the Supplemental Nutrition Assistance Program and 11,338 in Medicaid, figures the report says are nearly triple the counts in the prior GAO study.

Amazon ranked second among traditional employers of public-assistance recipients in the sample, behind Walmart, which had 16,055 workers on Medicaid, a 55% increase from the earlier report, and 15,515 on SNAP. Gig platforms including Uber, Lyft, DoorDash, Grubhub and Instacart collectively surpassed Walmart to become the single largest category of SNAP recipients, a reflection of how contract labor has reshaped the low-wage workforce.

A National Picture Nationally, the GAO estimates 13.8 million working Americans are on Medicaid, up from 12 million in 2020, and 10.6 million on SNAP, up from 9 million. Wage data helps explain the persistence. The Bureau of Labor Statistics reports average hourly earnings for the total private sector reached $37.64 in June 2026, but real average hourly earnings have barely moved, sitting at $11.32 in June 2026 compared with $11.18 in June 2024. The BEA’s latest quarterly figures show transfer receipts have grown to $5,099.7 billion in the first quarter of 2026, with Medicaid outlays climbing to $1,060.2 billion.

The Corporate Side of the Ledger Over roughly the same window covered by the GAO study, Amazon’s annual profit grew from $11.59 billion to $77.67 billion. Revenue reached $716.92 billion in fiscal 2025, with operating income of $79.98 billion.

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On the Q4 2025 earnings call on Feb. 5, 2026, CEO Andy Jassy told investors the company would spend about $200 billion in capital expenditures in 2026, a roughly 60% increase from about $125 billion in 2025, saying the outlays are “predominantly in AWS” to meet AI compute demand. Jassy characterized the spend as demand-driven: “We are monetizing capacity as fast as we can install it.”

The most recent quarter offers evidence the AI bet is landing. AWS generated $37.59 billion in revenue in Q1 2026, up 28% year over year, the segment’s fastest growth in 15 quarters. Capital expenditures in that single quarter hit $44.2 billion, and free cash flow fell sharply as the buildout accelerated. Prediction market participants on Polymarket assign a 0.89 probability that Amazon’s 2026 capex will exceed $200 billion.

What to Watch The two datasets cover overlapping but nonidentical fiscal years, which limits any causal reading between the AI outlays and the growth in workers on public assistance. The GAO report establishes that the workforce dependency trend accelerated during years when Amazon’s earnings, and its capital ambitions, were expanding at their fastest pace in company history. The next signal comes on July 30, 2026, when Amazon reports Q2 results and updates its capex guidance for the balance of the year.

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Contact [email protected] for any questions or corrections.

Meta Platforms (META -2.53%) and Amazon (AMZN -1.09%) are two of my favorite short- and long-term buys. With the companies set to report earnings on July 29 and July 30, respectively, I'd be scooping up shares of both before then.

Both Meta and Amazon stocks have been laggards over the past year, but that doesn't mean the companies haven't been performing well. While they have been penalized for their aggressive AI infrastructure plans, that should be about to change.

Let's look at why both stocks look like great buys right now.

Image source: The Motely Fool.

Amazon: Accelerating cloud growth Amazon has a history of investing aggressively, and history tells us that the company generally comes out much stronger after these big investment cycles. Its investments today are centered largely around building AI infrastructure, and the company's efforts in this area should lead to continued accelerating revenue growth at its AWS cloud computing unit when it reports its second quarter results after the bell on July 30.

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Amazon invented the entire infrastructure-as-a-service cloud industry, and it continues to be the market share leader. Because of AWS' sheer size, though, its growth rate has lagged behind its peers. However, Q2 should demonstrate that not only is AWS' growth now much more robust, but that it is sustainable, backed by partnerships with Anthropic and OpenAI. The company also has a nice advantage in this area with its custom chip business, which should just continue to grow.

At the same time, Amazon's e-commerce business continues to hum along. The company's Amazon Prime Day event in June was once again strong, with Adobe and Retail Drive reporting that U.S. online sales jumped more than 9% during the event. And with the event shifting from Q3 to Q2, Amazon should see a nice lift in sales.

What is most exciting about Amazon's e-commerce business, though, is the operating leverage the company has been seeing with its investments in robotics and AI. Amazon is the world's leading manufacturer of robots, and with more than 1 million deployed in its fulfillment centers and coordinated by its Deepfleet AI model, it is driving serious efficiency gains in this business. That, in turn, is driving strong profitability growth that is nicely outpacing revenue growth.

Trading at a forward P/E of below 25 times 2027 analyst estimates, the stock is historically cheap and also a bargain compared to its brick-and-mortar peers, Costco and Walmart, which trade at forward P/Es above 37. That makes Amazon a bargain stock to buy ahead of earnings and to hold for the long term.

Meta Platforms: The newest cloud player After bungling its metaverse vision and wasting a boatload of cash in the process with little to show for it, investors have been rightfully cautious about Meta's AI ambitions. However, the company is starting to change the narrative, and it will have a great chance to continue to do this on its next earnings call after it reports its Q2 results after the bell on July 29.

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Meta revealed that it is looking to get in on the cloud computing game, with the social media giant in talks to lease up to $10 billion in computing capacity to Anthropic over the next two years. In total, Meta is looking to build approximately 14 gigawatts of AI capacity by 2027.

A cloud computing offering will give Meta more flexibility and ease the fear of it overbuilding capacity, since the company would be able to move between its own needs and those of customers. The company has also revealed its own custom chip, Iris, which it developed with Broadcom, to meet Meta's specific needs. The chip should also help Meta save costs. Meanwhile, its new AI model, Spark Muse 1.1, looks like a big leap forward.

At the same time, Meta's use of AI has been driving strong revenue growth, improving its recommendation algorithm to keep users on its sites longer, and helping advertisers achieve better conversion. This is leading to increased ad loads and higher prices. The company also has a huge runway as it starts to introduce ads to WhatsApp and Threads.

With Meta growing rapidly and trading at a forward P/E of only 17 times 2027 estimates, the stock has a lot of room to move higher in the short and long terms.