Amazon (AMZN) has been one of the market's strongest large-cap technology stocks in 2026, helped by rapid growth in Amazon Web Services (AWS), advertising, and artificial intelligence. The company also delivered an impressive first quarter, beating Wall Street estimates.
But the story has recently shifted. Recently, Bloomberg reported that Senate investigators are examining allegations of Chinese influence over Amazon's third-party marketplace, sending AMZN shares down about 4% in a single session.
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#amazon #senate

The Red Sea heated up as the rising front in the U.S.-Iran war as Houthi rebels on Sunday attacked two refinery and export sites on Saudi Arabia's west coast. U.S. supplied Patriot missiles reportedly intercepted two ballistic missiles targeting oil installations in Yanbu. Damage to the Saudi refinery in Jizan was unconfirmed, but Al Jazeera reported a large column of smoke following the attack.
In Iran, as of Sunday morning, no new air attacks by U.S. or Israeli forces were reported since Friday.
But the Houthi-Saudi escalation appears set to make the Red Sea's choke-point effect on oil prices, supplies and tanker day rates central to the coming week's market action. Another focal point will be the Federal Reserve and its stance on rate hikes.
But the most prominent discussions will probably involve the balance sheets and artificial intelligence-related spending levels of Magnificent 7 names Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Meta Platforms (META), all of which report during the week.
Shares of Alphabet (GOOGL) dived nearly 8% and broke critical technical support last week as spending levels and guidance disappointed investors. That played a large role in dragging the Nasdaq below its early June lows, setting the stage for the index to dive to a test of support at its 200-day moving average.

#reported #large

Earnings season kicked into warp overdrive this past week. And it won't be any easier to navigate the market next week, with results from the likes of Amazon (AMZN), Meta (META), and Microsoft (MSFT).
Here are a few observations about last week's stock moves from Yahoo Finance AlphaSpace that may get your mind right heading into another frenzied week for investing.
So much for the many positives on the AI front from Alphabet's (GOOG, GOOGL) second quarter earnings report.
The market couldn't have cared less.
Alphabet's second quarter capital expenditures came in at $44.9 billion, slightly above Wall Street forecasts of $44.7 billion. Full-year capex guidance was raised to $195 billion to $205 billion from $180 billion to $190 billion, with a "significant" increase seen for 2027, executives said on the earnings call.

#market #second #quarter #Microsoft

Amazon (AMZN) confirmed on July 22 that it has eliminated positions within its Artificial General Intelligence division — the unit responsible for building large-scale AI models, autonomous agents, and tools such as Nova Act.
The company declined to reveal the exact number of employees affected, though workers involved in model customization, post-training, and data services were among those let go.
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#july #artificial #general #intelligence

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July 22, 2026 11:44 am ET
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Amazon AMZN -4.57%
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.com cut jobs in parts of its artificial general intelligence organization, the latest targeted workforce reduction at a major technology company as the industry continues to pour billions of dollars into artificial intelligence.

#artificial #amazon #amzn #pointing

Soon-to-be former Amazon (AMZN) Web Services (AWS) veteran Dave Brown will be joining Facebook parent Meta (META) to bolster the latter's cloud ambitions. Brown, who was with AWS for 19 years, will leave his post in July, according to internal communications at AWS.
Notable broker Wedbush has given this a thumbs up and has opined that Meta's desire to be a material player in the cloud industry is serious. In a note to clients, Matt Bryson of the firm said, "This addition builds on the narrative that Meta is serious in building out its own AI cloud offering (though ostensibly Dave Brown's expertise could be used to support the build-out of infrastructure for internal Meta use as well)."
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#cloud #internal

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A collapsing stock price can make it look like a company is falling apart. Amazon (NASDAQ:AMZN) founder Jeff Bezos says that's exactly when founders need to pay the least attention to the market—and the most attention to the business they're building.
Speaking at Italian Tech Week 2025, Bezos reflected on the dot-com crash, when Amazon's stock plunged from $113 per share to $6 per share in just a few months.
"Shareholders were upset, employees were nervous…this was the environment of great nervousness," Bezos said.
Don't Miss:

#NASDAQ

Alphabet (GOOG, GOOGL) earnings out later today will likely mark a moment of truth for tech investors.
That is, whether to stick with a renewed "Magnificent Seven" bull trade or buy the steep sell-off in semiconductor stocks and perhaps load back up on both by the year's end.
Quick insight: Over the past month, the performance gap between semiconductor stocks and Magnificent Seven stocks has expanded, as seen in the Yahoo Finance AlphaSpace chart below.
The Magnificent Seven comprises Apple (AAPL), Alphabet, Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA).
The divergence reflects investor indecision on whether the previously virtuous circular relationship between chips and hyperscaler capex is sustainable, given that hyperscaler forward free cash flow is likely to turn negative in this quarter, Evercore ISI strategist Julian Emanuel explained in a new note on Wednesday.

#semiconductor

The tech earnings season has just begun. For AI-focused investors, the busiest stretch is between the last two weeks of July, when nearly all the tech giants report within roughly one week. This period is likely to set the tone for AI and semiconductor stocks for the rest of the quarter. Microsoft (MSFT) and Amazon (AMZN), two of the "Magnificent Seven" giants, are also set to report by the end of July, with investors closely watching how heavy AI investments are translating into revenue growth and profitability.
Here's why one appears to be the better AI opportunity ahead of earnings.
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#high #week

The year of tech companies tapping the debt markets to fuel their AI ambitions is far from over, and debt issuance is already busting through Wall Street projections, with five months left to go in 2026.
Quick insight: The numbers surrounding 2026 debt issuance border on mind-blowing.
In a new research note from Goldman Sachs strategist Amanda Lynam on Wednesday, she estimated that $489 billion of AI-related debt has been issued this year. That's already above Goldman's estimate of $322 billion for how much of this debt came to market last year.
About 40% of this year's AI-related debt supply has been issued directly by hyperscalers. Data center financing and other parts of the tech ecosystem have also contributed.
This year, Amazon (AMZN) has raised about $53 billion in debt, including a $37 billion US bond offering and more than $16 billion in euro-denominated bonds.

#debt #billion

The Open Championship has always served as a golf fashion runway for the second half of the year. While the leaderboard told one story, the fairways of Royal Birkdale offered an early look at the trends that will shape golf style through the rest of the season and well into the fall. Relaxed tailoring continued to gain traction, heritage footwear had another defining moment, and rich seasonal colors started elbowing the summer palette out of the way. From trendy trousers to the latest footwear collab and a brand delivering one of the strongest apparel weeks of the year, here are the biggest fashion stories from the week at the Open Championship.
FootJoy & Harris Tweed Create Another Legend 500 Missing compilation support. Missing compilation support.
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ApacheSling/2.15 (jetty/9.4.57.v20241219, Java HotSpot(TM) 64-Bit Server VM 1.8.0_471, Linux 6.1.166-197.305.amzn2023.x86_64 amd64)

#royal #birkdale #trends

L1 Capital, an investment management firm, released its "L1 Capital International Fund" (unhedged) second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter discusses the current investment environment as a 'two-speed' but resilient global economy, accompanied by an uncertain future. The letter explores the potential of an AI bubble, distinguishing between strong fundamentals and speculative momentum. Additionally, the market displays a 'narrow' character, marked by high exuberance and ****** ounced over-pessimism. Against this backdrop, the Fund returned +2.6% (net of fees) during the June 2026 quarter, compared to the benchmark return of +12.5% (all in A$). The underperformance was driven more by which investments were not held in the Fund. The Fund remains focused on quality, valuation and the avoidance of permanent capital loss, and believes the portfolio is positioned to deliver attractive risk-adjusted returns for patient investors. In addition, you can check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On July 16, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $247.23 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 6.20%, and its shares gained 10.51% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.69 trillion.
L1 Capital International Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor update:
"At an individual stock level, while the Fund had more positive contributors than negative detractors to returns, quarterly performance was again mixed. Amazon.com contributed around 1.0%. We remain excited by the outlook for Amazon.com, Inc. (NASDAQ:AMZN), both for the ecommerce business and Amazon Web Services (AWS). Operational execution within ecommerce is consistently improving, and the June 2026 announcement to extend Amazon Freight services to the less-than-truckload market segment is an indication that management has sufficient comfort in the operational performance of the logistics network to further extend the platform to third parties.
We expect further increases in AWS's capital expenditure which will result in Amazon.com generating negative free cash flow. We believe the market remains overly focused on near-term free cash flow and continues to underappreciate the longer-term structural opportunity for the hyperscalers and the potential returns on their AI-related capital investment. Amazon CEO Andy Jassy's Letter to Shareholders in April 2026 is recommended reading, particularly his perspectives on AI and how Amazon is being positioned for what he considers to be a 'seminal shift'. Jassy shed some light on AWS's internal chip capabilities (part

Amazon (NASDAQ: AMZN) brought in a jaw-dropping $182 billion in revenue in the first three months of 2026. While the majority of this sum came from its retail operations, the market undoubtedly spends more time focused on the company's cloud division, Amazon Web Services (AWS).
This isn't surprising. AWS posted a 28% year-over-year revenue gain in Q1, its fastest growth pace in more than three years. And AWS' operating income accounts for 59% of the overall company's total. These are impressive trends.
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But investors should take a deeper look at the AWS growth story.
Andy Jassy, who has been CEO of Amazon since taking over from founder Jeff Bezos in July 2021, highlighted the huge opportunity that the cloud segment is facing. As he wrote in his 2025 shareholder letter, "85% of global IT spend remains on-premises."

Nvidia's (NVDA) fiscal first quarter results on Wedneday offered investors the marquee earnings event of the week, while Walmart's (WMT) report on Thursday morning provided insight into the state of the consumer.
Nvidia said it anticipates revenue between $89.1 billion and $92.8 billion in the second quarter, serving as a barometer of artificial intelligence trade. Nvidia's report comes as the AI chipmaker faces increasing competition from rivals such as Cerebras (CBRS) and AMD (AMD), as well as its customers Amazon (AMZN) and Google (GOOG).
So far this earnings season, S&P 500 companies have impressed market watchers by printing profits, even amid ongoing risks from the Iran war, and the index is on track for double-digit earnings growth. Reports from semiconductor companies so far underscore that the artificial intelligence boom remains a key market driver.
Also reporting this week are a handful of retail companies, including The Home Depot (HD), TJX Companies (TJX), Lowe's Companies (LOW), Target Corporation (TGT), and Walmart, which will provide insights on the state of the US consumer.
Walmart (WMT) stock fell 2% in premarket trading after reporting first quarter results that were in line with Wall Street’s expectations but a second quarter outlook that came in a bit light.

Alphabet (GOOGL), Meta Platforms (META) and Amazon (AMZN) are each shelling out hundreds of billions to establish themselves as AI winners. ***** ysts at Wedbush Securities say Google and Amazon stocks are better picks in that race than Meta.
Wedbush ***** yst Ygal Arounian ***** umed coverage of the three internet-focused cloud hyperscalers with a new research note for clients Thursday. Google and Amazon were started at outperform ratings, while Meta got a neutral grade.
For Alphabet, the outperform call reflects "our view that Google has built the best-positioned full-stack AI franchise in our coverage," the Wedbush note said. Google was Wedbush's top mega-capitalization pick.
Arounian pointed to Google's wide distribution through its search, Android and YouTube products. That distribution is paired with Google's custom Gemini AI model and a full cloud infrastructure business with custom processors.
"Alphabet has become the clear leader in our view within the AI race offering a full-stack monetization opportunity around its AI spend," Arounian wrote.

Wedgewood Partners, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here. Wedgewood Composite delivered a net return of 9.4% in the second quarter compared to 15.2% for the Standard & Poor's 500 Index, 16.7% for the Russell 1000 Growth Index, and 13.9% for the Russell 1000 Value Index. The firm is optimistic about the long-term growth of hyperscalers and has increased its investments in this sector, citing their significant earnings potential and crucial role in AI adoption. Capital has also been redirected towards technology hardware stocks, especially semiconductors, which now make up a larger share of the S&P 500 Index. Semiconductor stocks have benefited from hyperscalers' spending, but the firm expresses caution about cyclical risk and volatility. However, the momentum-driven market negatively affected the Wedgewood fund's high-quality stocks, leading to a 25% return over the past 15 months, significantly underperforming the 90% gain of the S&P 500 Momentum ETF (SPMO). In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Wedgewood Partners highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On July 16, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $249.89 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 2.25%, and its shares gained 10.51% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.69 trillion.
Wedgewood Partners stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor update:
"Although Microsoft, Amazon.com, Inc. (NASDAQ:AMZN), and Meta have different business models and were not necessarily top drivers of performance during the quarter, we view their investment opportunity set, from both a compounding and returns perspective and a component-cost hedge perspective, as similar to Alphabet's.
As we have noted before, Amazon is another member of this elite group generating high returns, and we think it is being quite rational by rapidly compounding its **** et base at these returns. During the quarter, Amazon grew revenue by 17% and operating income by 30%. While the bears continue to complain about Amazon's $200 billion in capex growth and dwindling free cash flow, we estimate this incremental capex will increase the 2025 total **** et base by around 28%. With 30% cash flow growth on what we **** ume is at least 28% **** et growth, we conclude Amazon is achieving at least as good, if not better, returns on capital than it has previously - yet the stock is trading near historically depressed multiples. This is another telltale sign to us that the Company's aggressive free cash flow reinvestment is very rational and that the depressed valuation presents an excellent long-term invest

Amazon (AMZN) is heading back to the bond market, this time looking to raise at least $25 billion. The plan, revealed in an SEC filing, splits the debt into eight parts that mature between three and 40 years. Officially, the money is for general corporate purposes, including debt repayment and funding investments. In reality, it's all about feeding Amazon's AI infrastructure. Barclays, Goldman Sachs, JP Morgan, and Morgan Stanley are running the deal, with Amazon signaling this to be its last debt raise of the year.
The numbers behind Amazon's AI push explain the reason it needs the cash. The company plans to spend roughly $200 billion in 2026, a big jump from $131 billion in 2025. Even for a company as cash-rich as Amazon, spending on this scale is hard to fund from cash alone. Prior to this, Amazon had already raised around $54 billion in the U.S. and Europe, along with another $10 billion in Canada. CEO Andy Jassy has defended the heavy spending, calling AI a once-in-a-lifetime opportunity that's worth betting big on.
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President Donald Trump is in the news for what may be an unexpected reason. A CNBC ****** ysis of the president's most recent financial disclosures shows that Trump made 327 stock purchases on April 8, 2025.
If that date doesn't ring a bell, here's a refresher -- the very next day, Trump posted on his Truth Social account that it was a "GREAT TIME TO BUY!!!" and then announced a partial rollback in his "Liberation Day" tariffs that caused the market to jump 9.5% in a day.
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There's a lot of discussion among experts about the ethics of Trump's trades, and the White House maintains that the president's investment accounts are managed by professionals who are not in regular communication with Trump. I'm not going to try to parse the legalities that are being debated on public airwaves and in Washington. However, I do think it's worthwhile to look at five megacap tech stocks that were central to Trump's April 2025 buying spree -- Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) Microsoft (NASDAQ: MSFT), and Nvidia (NASDAQ: NVDA) -- and see how they've performed since that date.
Apple, Amazon, Alphabet, Microsoft, and Nvidia are all part of the "Magnificent Seven" group of stocks that have been primary drivers in the market for the last several years. The five companies have been closely followed as the appetite for artificial intelligence and AI-powered platforms remakes the market.

Amazon.com Inc. (NASDAQ:AMZN) is one of the top stocks to buy according to Whale Rock Capital Management. On July 1, NiCE, a leader in CX AI, announced that Amazon Web Services, Inc. (AWS), a component of Amazon.com Inc. (NASDAQ:AMZN), had selected the company as a launch partner for the AWS European Sovereign Cloud. This is a newly established independent cloud region built specifically for Europe.
Photo by Sunrise King on Unsplash
As part of the deal, NiCE will make its agentic AI-powered customer experience platform, CXone, available within this sovereign cloud environment. The goal is to allow European businesses in regulated industries to use AI-driven customer service tools while keeping their data within EU borders.
NiCE said the collaboration is particularly aimed at organizations in heavily regulated sectors such as the public sector, financial services, and healthcare. In these areas, strict rules govern how customer data can be stored, processed, and moved. NiCE added that the setup will enable businesses to deploy NiCE's AI agents, real-time copilots, workflow automation, and AI-driven **** ytics tools.
Dorothy Copeland, NiCE's Chief Partner Officer, said the company's AI is built specifically for organizations that cannot compromise on reliability, security, and compliance. She added that extending it to AWS's sovereign cloud lets Europe's most regulated organizations adopt advanced AI while meeting their sovereignty requirements.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than ***** eX.
On July 7, 2026, Morgan Stanley lowered the firm's price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $172 from $172.50 and kept an Overweight rating on the shares.
On July 8, Benchmark raised the firm's price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $230 from $195 and kept a Buy rating on the shares. Benchmark said CrowdStrike's stock split and recent management discussions support a more constructive view of its AI security opportunity, citing AIDR, Project QuiltWorks, Falcon Flex, identity protection, and SIEM as positioning the company as a key platform for enterprise AI adoption.
Image by drobotdean on Freepik
On June 18, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) announced that it is expanding Project QuiltWorks with Amazon Web Services (AMZN). The company said the expansion extends the coalition from technology, services, and financial protection to the attack surface where vulnerabilities are found and exploited, as frontier AI shortens the window between vulnerability and exploitation.

Sezzle Inc. (NASDAQ:SEZL) is one of the 10 Best Performing American Stocks in June 2026.On June 29, 2026, Oppenheimer downgraded Sezzle Inc. (NASDAQ:SEZL) to Perform from Outperform, "solely on valuation," after a 158% year-to-date rise in the shares. Oppenheimer said it still expects Sezzle to remain one of the fastest gross profit and adjusted EBITDA growers in its coverage, supported by market share gains, Buy Now Pay Later industry expansion, and product innovation. The firm sees room for Sezzle to again raise full year EPS guidance from $5.10, but said the recent share-price strength suggests investors are already pricing in potential 2026 EBITDA outperformance.On June 25, Northland ******* yst Mike Grondahl raised the firm's price target on Sezzle to $170 from $160 and kept an Outperform rating on the shares. After meeting with management during Northland's Growth Conference, Grondahl said he got more insight into the company's marketing strategy and ramp, engagement with Pay in 5 and SezzleCash, and bank charter progress.
Earlier in June, B. Riley raised the firm's price target on Sezzle to $141 from $117 and kept a Buy rating on the shares. B. Riley said Sezzle integrated with Knot's CardSwitcher API to automatically update Sezzle virtual cards as the preferred payment method across merchants, including Amazon (AMZN), Walmart (WMT), and Uber (UBER). The firm said the integration should improve checkout convenience and help drive top-of-wallet behavior among users.Sezzle Inc. (NASDAQ:SEZL) operates as a technology-enabled payments company in the United States and Canada.While we acknowledge the potential of SEZL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.Disclosure: None. Follow Insider Monkey on Google News.

Amazon.com (NASDAQ:AMZN) primarily generates revenue by operating a vast global e-commerce retail enterprise alongside providing comprehensive cloud computing, digital advertising, and subscription services.
It faced regulatory scrutiny from the National Labor Relations Board and launched a private freight network, while it reported a net income margin of 17% for the quarter ended March 31, 2026.
Shopify (NASDAQ:SHOP) primarily generates its revenue by providing an extensive suite of software, financial tools, and operational services that equip independent merchants to run digital and physical storefronts globally.
It settled a copyright lawsuit with a competitor and experienced a temporary administrative outage. It reported a net income margin of -18% for the quarter ended March 31, 2026.
Revenue serves as a crucial baseline indicator for investors to **** s a company's fundamental ability to generate continuous customer demand and scale its ongoing operations over time.

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best Stocks to Buy in Glen Kacher's Light Street Portfolio.
On July 1, 2026, Check Point Software Technologies launched its Cloud Firewall on the new AWS European Sovereign Cloud, expanding its partnership with Amazon.com, Inc. (NASDAQ:AMZN)'s Amazon Web Services (AWS). The AWS European Sovereign Cloud is an EU-based cloud infrastructure designed to help European enterprises and governments meet strict operational autonomy as well as data residency mandates. The new integration provides highly regulated organizations with prevention-first security and AI-powered threat intelligence across networks and applications.
In another development, on July 2, 2026, a Bloomberg article reported that Amazon.com, Inc. (NASDAQ:AMZN) is on track to launch its satellite broadband service later this year, following a successful United Launch Alliance (ULA) rocket deployment. The Atlas V launch on July 2 carried the latest batch of Amazon Leo satellites, bringing Amazon's orbital fleet to over 390. According to company officials, this provides enough capacity to begin initial operations, potentially challenging ***** eX's dominant Starlink network. While future missions plan to utilize ULA's new Vulcan rocket, recent technical delays have kept the Atlas V as Amazon's primary launch vehicle. Amazon.com, Inc. (NASDAQ:AMZN) constitutes about 4.87% of Light Street's total portfolio value.
Founded in 1994, Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. The Washington-based company has invested heavily in vertical integration by designing its own specialized microprocessors, including Trainium and Inferentia, to scale AI models efficiently.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

The artificial intelligence boom has become something larger than a technology cycle. It has evolved into a capital spending race where every major cloud provider feels compelled to build faster than its rivals.
Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), and Meta Platforms (META) are collectively on pace to spend roughly $757 billion on capital expenditures in 2026, according to Goldman Sachs Group (GS), with much of that directed toward AI infrastructure. That spending has fueled explosive growth for chipmakers like Nvidia (NVDA), but cracks are beginning to appear.
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Meta Platforms (META) stock edged higher Tuesday morning, approaching a test of a key technical level. Shares have had a good start to the month, as investors size up the tech giant's reported plan to launch a public cloud service.
Meta stock jumped 8.5% in trading on July 1, after Bloomberg reported that the Facebook parent company is forming a business that would rent its "excess computing power" to outside customers. Meta is yet to comment on the report. But such a move would vault the social media company into a cloud market led by Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL).
While Meta pulled back in the final trading day before Independence Day weekend, shares gained another 2.5% on Monday. On the stock market today, Meta stock is ahead a fraction at 602.50 premarket.
Shares were trading just below Meta's 50-day moving average. While Meta briefly climbed above its 50-day line on Wednesday, the stock has not been able to sustain a rally ahead of that level since late April, according to IBD MarketSurge.
Analysts are still sizing up the plans while looking for further detail from the company. Meta is expected to report second-quarter earnings later this month.

The stock market always lives on expectations and fears. If you look at the current picture, it might seem that anxiety has settled on Wall Street. The largest tech giants — Alphabet (GOOGL), Microsoft (MSFT), Meta Platforms (META), Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA) — have all gone through a very noticeable correction, down roughly 10% to 15% from recent highs. Parallel to this, precious metals — gold, silver, and platinum — have been squeezed at their support levels. The crowd of investors, frightened by macroeconomic reports, are beginning to have doubts. Is the party over? Are we on the verge of a recession?
But if we cast aside emotions and look at the dry facts, technical indicators, and real business processes, a completely different picture emerges. The market is not dying. Instead, it is forming an ideal entry point at a local bottom. Here's why I believe that to be the case.
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Cerebras (NASDAQ: CBRS), a producer of AI chips, went public at $185 per share on May 14. Its stock opened at $350, but it now trades at about $205. That's still 11% above its IPO price, but investors who chased its post-IPO gains are now underwater. Let's see why Cerebras' stock fizzled out -- and if it's worth buying today.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Cerebras doesn't produce small GPUs like Nvidia (NASDAQ: NVDA). Instead, it builds massive AI processors on a single silicon wafer without cutting them into individual chips. Cerebras chips are as big as dinner plates, while Nvidia's GPUs are the size of postage stamps.
Cerebras claims its bigger chips bypass the networking bottlenecks, data latency, and power constraints ******* ociated with connecting traditional GPU clusters. They also outperformed traditional GPU clusters in inference tasks (when applications accessed trained data). It generates its revenue by selling its wafer-scale processors and CS-3 systems, as well as providing customers with cloud-based access to its own wafers to run inference tasks.
Cerebras recently secured a multi-year $20 billion deal with OpenAI to deploy 750 megawatts of its wafer-scale inference systems. It's also integrating its CS-3 systems into Amazon (NASDAQ: AMZN) Web Services (AWS), the world's largest cloud infrastructure platform.

Amazon.com, Inc. (NASDAQ:AMZN) was among the stocks on Jim Cramer's Mad Money radar as he taught investors how to profit from the upcoming wave of takeovers. Cramer noted why the stock "could be punished," as he commented:
Second worst performer, Amazon, off 12% from June. My Trust owns Microsoft; it owns this Amazon. This is a tough one because the company's doing so much right, but they're not getting credit for their advertising business or the Prime offerings. Wall Street only seems to care right now about Amazon Web Services, which is actually doing much better than expected, but it isn't pleasing buyers.
Nobody seems to have any interest in what could be a potentially $50 billion semiconductor business that's under the same roof. Investors are worried here. Yes, they are. They are worried. Why? Because they want free cash flow. Amazon used to have it. They need to start making money with AI next year, no matter what, or else. Because otherwise you can't justify the extreme capital expenditures. We need to see a bountiful return, or the declines will continue, and the stock could be punished.
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Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.

The second quarter has come to a close, and it was a series of major ups and downs for the biggest names in tech. Chip stocks, outside of Nvidia (NVDA), had a blowout six months on euphoria around memory and storage sales and the need for traditional processors to power the AI build-out.
Micron (MU) was the poster child for explosive growth in the first two quarters of the year, with shares rising an astonishing 308%. Intel (INTC), which is continuing its turnaround effort, rose a similarly impressive 280%, while AMD (AMD) rocketed 173% higher in the period.
Meta (META) and Microsoft (MSFT), meanwhile, were on the flip side, with Meta stock declining 15% and Microsoft fell 23% during the first half.
What's the takeaway from all of this? Wall Street is still riding high on the AI build-out, but continues to question how software companies are monetizing their vast AI investments and how much longer they'll keep pouring billions into the effort.
Amazon (AMZN), Google (GOOG, GOOGL), Meta, and Microsoft are expected to spend roughly $725 billion this year on capital expenditures, with the majority of that going to AI infrastructure.

At some point, investors need to call a spade a spade, which brings us to pet e-commerce specialist Chewy (CHWY). Fundamentally, the appeal of the business is rather obvious: Americans love their four-legged friends. They also love convenience, as evidenced by the rise of Amazon (AMZN). Combine these two elements together and you should have a strong bullish case for CHWY stock.
Unfortunately, that narrative has simply not panned out. Shares are down nearly 44% on a year-to-date basis, leading the Barchart Technical Opinion indicator to downgrade CHWY stock as a 100% Strong Sell. With this kind of negative performance, it's difficult not to view Chewy as a falling knife.
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