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Amazon’s market cap crossed $3 trillion intraday Monday, powered by a blowout Q2 and surging AI cloud demand. AWS beat estimates by over $1.6B, and CEO Andy Jassy says even $220B in 2026 capex won’t cover demand.
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Amazon faces a class action over allegedly misleading "dolphin safe" and "sustainable" seafood labels. The stock shrugged it off, closing Friday up 15.32% at $271.58.
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Amazon’s custom chip business is already a top-three data-center semiconductor player, yet the market still values the company as if it doesn’t exist. Wall Street’s average price target is 34% above the current stock price.
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Amazon reports Q2 earnings this week, with all eyes on whether its massive AI capex is translating into AWS growth. Alphabet’s cloud beat and Tesla’s profit miss set the stage for a pivotal report.
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Canadian lithium-ion battery maker Electrovaya has signed a supply agreement with Amazon. The deal could support Amazon’s logistics electrification push, but financial terms remain undisclosed.
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M&S expands its Amazon fashion partnership to the Netherlands with over 1,000 products, leveraging local logistics for next-day delivery. AMZN closed at $247.04 on the prior trading day, up 1.40%.
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Amazon’s Amazon Now service in Brazil is seeing a sharp uptick in fresh-food demand, even as the company launches a $25 billion bond sale to fund AI investments and pledges no more debt this year.
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Amazon has crossed the 390-satellite threshold needed to start commercial service for its low-earth-orbit broadband network, taking direct aim at Starlink. In India, PM Modi inaugurated a new chip packaging plant in Gujarat, part of the country’s accelerating semiconductor push.