Score one for Andy Jassy and his team at Amazon (AMZN). After months of AMZN stock underperforming the S&P 500 ($SPX) on fears that the company was spending too much, too fast on its artificial intelligence (AI) buildout, the CEO put those fears to rest with the latest earnings report. The release made one thing clear: Amazon's AI strategy is paying off in a big way.
Amazon's second-quarter report recorded the fastest growth in Amazon Web Services (AWS) in 18 quarters, with the segment exceeding an annual run rate of $25 billion in AI revenue thanks to new agreements signed with several big companies, including Warner Bros. Discovery (WBD), Pinterest (PINS), Snowflake (SNOW), and Moody's (MCO). Amazon also recorded a $25 billion annual run rate for its chips business, which includes its custom-built Trainium AI chip. Amazon has commitments from AI startups Anthropic and OpenAI, Uber Technologies (UBER), Pinterest, and numerous smaller startups.
CoreWeave Just Scored a Leidos Partnership. What That Means for CRWV Stock Here.
Palantir Is Set to Deliver Strong Q2. **** ysts See 60% Upside Potential for PLTR Stock.
How to Play Jersey Mike's Subs Stock After the JMKE IPO

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Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted ICON Public Limited Company (NASDAQ:ICLR). ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization that provides outsourced development and commercialization services to the pharmaceutical, biotechnology, and medical device industries. On July 7, 2026, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $168.72 per share. One-month return of ICON Public Limited Company (NASDAQ:ICLR) was 16.69%, and its shares gained 12.08% over the past 52 weeks. ICON Public Limited Company (NASDAQ:ICLR) has a market capitalization of about $12.92 billion.
Artisan Mid Cap Value Fund stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON Public Limited Company (NASDAQ:ICLR), Humana, Gartner and Pinterest, each of which dropped by 30% or more during the quarter. ICON, a leading provider of outsourced clinical development services to pharmaceutical and biotechnology companies, was the largest detractor. The stock fell sharply—nearly 49% in a single day—after the company announced it would delay its financial results due to an internal review of its accounting, specifically related to revenue recognition in recent years. While ICON indicated its cash position remains intact, the situation raises uncertainty around reported earnings and has pressured investor confidence in the near term. This development comes at a challenging time for the broader contract research industry, where funding constraints and cautious spending by biotech and pharmaceutical companies have already weighed on demand. Although the lack of updated financials limits near term visibility, we believe the stock reflects a more attractive valuation based on conservative ****** umptions for free cash fl

Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted Gartner, Inc. (NYSE:IT). Established in 1979, Gartner, Inc. (NYSE:IT) is a research and advisory company that provides business and technology insights to help businesses make informed decisions. On July 7, 2026, Gartner, Inc. (NYSE:IT) closed at $140.80 per share. One-month return of Gartner, Inc. (NYSE:IT) was -9.11%, and its shares lost 64.30% over the past 52 weeks. Gartner, Inc. (NYSE:IT) has a market capitalization of $9.43 billion.
Artisan Mid Cap Value Fund stated the following regarding Gartner, Inc. (NYSE:IT) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON, Humana, Gartner, Inc. (NYSE:IT) and Pinterest, each of which dropped by 30% or more during the quarter. Gartner, a technology and business advisory firm, declined following signs of slowing growth and a weaker-than-expected outlook for 2026. Its core research business has been affected by several cyclical headwinds, including US government cost-cutting, uncertainty around trade policy and longer sales cycles. At the same time, some investors have become concerned about the potential long-term impact of artificial intelligence on Gartner's business model. While we take these risks seriously, we believe the company's current challenges are primarily cyclical, and any meaningful disruption from AI is likely to play out over a longer time horizon. Gartner continues to generate strong free cash flow, maintains a solid balance sheet and has been returning capital to shareholders, including approximately $2 billion of share repurchases in 2025. At current levels, we believe the stock appears attractively valued."

Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted Pinterest, Inc. (NYSE:PINS). Pinterest, Inc. (NYSE:PINS) is a social media and visual discovery platform that enables users to find ideas, such as recipes, home, and style inspiration. On July 7, 2026, Pinterest, Inc. (NYSE:PINS) closed at $22.42 per share. One-month return of Pinterest, Inc. (NYSE:PINS) was 2.99%, and its shares lost 37.53% over the past 52 weeks. Pinterest, Inc. (NYSE:PINS) has a market capitalization of $12.56 billion.
Artisan Mid Cap Value Fund stated the following regarding Pinterest, Inc. (NYSE:PINS) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON, Humana, Gartner and Pinterest, Inc. (NYSE:PINS), each of which dropped by 30% or more during the quarter. Pinterest's recent results have been impacted by macroeconomic headwinds, particularly tariffs, which have weighed on advertising spending by large retail customers. Compared with larger social media peers, Pinterest is less diversified and more exposed to consumer-driven categories, making it more sensitive to these pressures. While we continue to view digital advertising as a structurally attractive market with growth likely to exceed that of the broader economy, we chose to exit the position in favor of more compelling opportunities. Nearly four years into the current management team's tenure, progress on key priorities, including user growth, engagement, monetization and profitability, has been slower than expected."

Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted ICON Public Limited Company (NASDAQ:ICLR). ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization that provides outsourced development and commercialization services to the pharmaceutical, biotechnology, and medical device industries. On July 7, 2026, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $168.72 per share. One-month return of ICON Public Limited Company (NASDAQ:ICLR) was 16.69%, and its shares gained 12.08% over the past 52 weeks. ICON Public Limited Company (NASDAQ:ICLR) has a market capitalization of about $12.92 billion.
Artisan Mid Cap Value Fund stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON Public Limited Company (NASDAQ:ICLR), Humana, Gartner and Pinterest, each of which dropped by 30% or more during the quarter. ICON, a leading provider of outsourced clinical development services to pharmaceutical and biotechnology companies, was the largest detractor. The stock fell sharply—nearly 49% in a single day—after the company announced it would delay its financial results due to an internal review of its accounting, specifically related to revenue recognition in recent years. While ICON indicated its cash position remains intact, the situation raises uncertainty around reported earnings and has pressured investor confidence in the near term. This development comes at a challenging time for the broader contract research industry, where funding constraints and cautious spending by biotech and pharmaceutical companies have already weighed on demand. Although the lack of updated financials limits near term visibility, we believe the stock reflects a more attractive valuation based on conservative ******* umptions for free cash f

Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted Gartner, Inc. (NYSE:IT). Established in 1979, Gartner, Inc. (NYSE:IT) is a research and advisory company that provides business and technology insights to help businesses make informed decisions. On July 7, 2026, Gartner, Inc. (NYSE:IT) closed at $140.80 per share. One-month return of Gartner, Inc. (NYSE:IT) was -9.11%, and its shares lost 64.30% over the past 52 weeks. Gartner, Inc. (NYSE:IT) has a market capitalization of $9.43 billion.
Artisan Mid Cap Value Fund stated the following regarding Gartner, Inc. (NYSE:IT) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON, Humana, Gartner, Inc. (NYSE:IT) and Pinterest, each of which dropped by 30% or more during the quarter. Gartner, a technology and business advisory firm, declined following signs of slowing growth and a weaker-than-expected outlook for 2026. Its core research business has been affected by several cyclical headwinds, including US government cost-cutting, uncertainty around trade policy and longer sales cycles. At the same time, some investors have become concerned about the potential long-term impact of artificial intelligence on Gartner's business model. While we take these risks seriously, we believe the company's current challenges are primarily cyclical, and any meaningful disruption from AI is likely to play out over a longer time horizon. Gartner continues to generate strong free cash flow, maintains a solid balance sheet and has been returning capital to shareholders, including approximately $2 billion of share repurchases in 2025. At current levels, we believe the stock appears attractively valued."

Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted Pinterest, Inc. (NYSE:PINS). Pinterest, Inc. (NYSE:PINS) is a social media and visual discovery platform that enables users to find ideas, such as recipes, home, and style inspiration. On July 7, 2026, Pinterest, Inc. (NYSE:PINS) closed at $22.42 per share. One-month return of Pinterest, Inc. (NYSE:PINS) was 2.99%, and its shares lost 37.53% over the past 52 weeks. Pinterest, Inc. (NYSE:PINS) has a market capitalization of $12.56 billion.
Artisan Mid Cap Value Fund stated the following regarding Pinterest, Inc. (NYSE:PINS) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON, Humana, Gartner and Pinterest, Inc. (NYSE:PINS), each of which dropped by 30% or more during the quarter. Pinterest's recent results have been impacted by macroeconomic headwinds, particularly tariffs, which have weighed on advertising spending by large retail customers. Compared with larger social media peers, Pinterest is less diversified and more exposed to consumer-driven categories, making it more sensitive to these pressures. While we continue to view digital advertising as a structurally attractive market with growth likely to exceed that of the broader economy, we chose to exit the position in favor of more compelling opportunities. Nearly four years into the current management team's tenure, progress on key priorities, including user growth, engagement, monetization and profitability, has been slower than expected."

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its "RiverPark Large Growth Fund" Q1 2026 investor letter. A copy of the letter can be downloaded here. The US stock market declined in the quarter with the S&P 500 index ("S&P") and the Russell 1000 Growth index ("RLG") falling 4.33% and 9.78%, respectively. Markets started the year positively but became volatile mainly due to increased tensions with Iran. The Federal Reserve kept rates unchanged in January and February. Still, rising energy prices and weaker economic data sparked concerns about stagflation, leading investors to rethink the timing and scale of future rate cuts. Investor sentiment shifted from growth and tech stocks amid inflation, interest rate, and supply chain concerns. Opposing AI-driven rotations heavily influenced investor sentiment, affecting growth stocks—enthusiasm grew for semiconductor firms linked to AI infrastructure spending, while enterprise software companies, viewed as vulnerable to AI disruption, faced pessimism. The Fund's software holdings were sold off heavily, while the underweight in semiconductor companies, which benefited most from AI infrastructure spending, affected the performance. Despite challenges, the firm remains confident in the long-term prospects and valuations of its portfolio companies. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, RiverPark Large Growth Fund highlighted Pinterest, Inc. (NYSE:PINS). Pinterest, Inc. (NYSE:PINS) is a social media and visual discovery platform that enables users to find ideas, such as recipes, home, and style inspiration. On July 2, 2026, Pinterest, Inc. (NYSE:PINS) closed at $22.07 per share. One-month return of Pinterest, Inc. (NYSE:PINS) was 1.77%, and its shares lost 38.90% over the past 52 weeks. Pinterest, Inc. (NYSE:PINS) has a market capitalization of $12.36 billion.
RiverPark Large Growth Fund stated the following regarding Pinterest, Inc. (NYSE:PINS) in its Q1 2026 investor letter:
"Pinterest, Inc. (NYSE:PINS): PINS was a significant detractor for the quarter, declining 40% before we exited the position. Pinterest's Q4 2025 earnings report, released in February, was disappointing: revenue of $1.32 billion grew 14.3% year-over-year but missed the $1.33 billion consensus, adjusted EPS of $0.67 fell short of expectations, and Q1 2026 revenue guidance of $951–$971 million came in well below the $980 million the Street had anticipated. CEO Bill Ready attributed the shortfall to an "exogenous shock" from tariffs that caused the company's largest retail advertiser cohort, particularly in home furnishings and décor, to meaningfully pull back on brand advertising budgets. The company also announced approximately 15% workforce reductions and organizational restructuring, further unsettling investors. Multiple **** ysts downgraded the stock following the report

TimesSquare Capital Management, an equity investment management company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside temporary global tariffs. High oil prices and supply chain disruptions followed U.S. and Israeli involvement in Iran, prompting a shift to safer **** ets and a reevaluation of supply chains and energy dependencies. Central banks maintained steady policies despite energy-driven inflation. In this environment, the Strategy remains focused on disciplined management teams with durable competitive advantages. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Pinterest, Inc. (NYSE:PINS). Pinterest, Inc. (NYSE:PINS) is a social media and visual discovery platform that enables users to find ideas, such as recipes, home, and style inspiration. On June 30, 2026, Pinterest, Inc. (NYSE:PINS) closed at $21.03 per share. One-month return of Pinterest, Inc. (NYSE:PINS) was 1.74%, and its shares lost 41.16% over the past 52 weeks. Pinterest, Inc. (NYSE:PINS) has a market capitalization of $11.78 billion.
TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Pinterest, Inc. (NYSE:PINS) in its Q1 2026 investor letter:
"For the Communication Services sector, we prefer to invest in media and services companies that are either well placed from an advertising perspective for their target audience or that provide differentiated services. Pinterest, Inc. (NYSE:PINS) is an image-based social media platform. We exited our position following slower-than-expected fourth-quarter results and cautious guidance, attributed to advertising pullbacks by retailers impacted by tariffs. Its shares were down -44% while held in the quarter. The combination of softer-than-expected results along with lackluster forward guidance led us to liquidate the position."
Pinterest, Inc. (NYSE:PINS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 49 hedge fund portfolios held Pinterest, Inc. (NYSE:PINS) at the end of the first quarter, compared to 53 in the previous quarter. In Q1 2026, Pinterest, Inc. (NYSE:PINS) delivered $1 billion in revenue, up 18% year over year. While we acknowledge the potential of Pinterest, Inc. (NYSE:PINS) 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.