Amazon's stock has risen over 15% following a record Q2 performance, with Morgan Stanley analyst Brian Nowak reiterating a 'Buy' rating and setting a 12-month price target of $335, implying a 28.6% potential gain. The firm also forecasts a long-term surge to $500 by 2027 if AWS sales accelerate, driven by increased demand for AI computing and Amazon's $220 billion AI spending plan by 2026. Amazon's Q2 revenue hit $200.6 billion, a 20% year-over-year increase, supported by a 37% rise in AWS sales to $42.2 billion. The bullish outlook is reinforced by a strong year-to-date stock performance and growing AI market opportunities.
David Tepper's Appaloosa fund initiated significant put option positions on Apple and Berkshire Hathaway, suggesting a cautious or hedging approach amid concerns over Apple's inflated earnings and memory pricing volatility. The puts on Berkshire like...
David Tepper's Appaloosa LP disclosed its Q2 2026 portfolio centered on five mega-cap AI-related stocks: Amazon, Micron, Taiwan Semiconductor, Meta, and Alphabet. Tepper maintained Amazon as the largest holding and trimmed Micron shares by 41%, takin...
Swedish electric trucking company Einride announced plans to purchase 500 Tesla Semis, which will be integrated into its fleet over the next 24 months starting in September. This move will triple Einride's current fleet size and enhance its Saga AI f...
Amazon's custom silicon business, now generating over $25 billion annually and growing at triple-digit rates, is a major but underappreciated part of its AWS cloud operations. Key products like Trainium2 and Graviton power AI workloads for clients in...
Amazon is purchasing rare books, cutting off their spines, and scanning them at a Las Vegas facility to train its AI models. This method provides unique training data from texts that are out of print or not available online, which helps improve AI qu...
