Major tech stocks look a bit soft in general, but the recent action has been bullish. Perhaps a rest is in order?
Amazon.com, Inc. delivered robust Q1 results, with AWS revenue accelerating 28% y/y, reinforcing its ability to convert elevated AI spending into monetizable capacity. AWS backlog grew almost 50% Q/Q to $364 billion, further improving visibility into sustained demand and revenue acceleration over the next two years as incremental capacity is deployed. Looking ahead, OpenAI model integration should dilute Azure's prior competitive advantage, and support continued AWS Bedrock momentum and adjacent adoption of Trainium and Graviton.
Nvidia, Microsoft, Google, SpaceX, OpenAI, and Amazon will all serve as artificial-intelligence vendors for the Department of Defense.
Amazon (AMZN) delivered a standout Q1 report, crushing earnings and revenue estimates, driven by accelerating AWS growth and robust enterprise Cloud demand. AWS achieved 28% year-over-year revenue growth to $37.6B, with operating margins growing 23% and new hyperscaler agreements fueling momentum. Amazon's in-house AI chip business, now at a $20B revenue run-rate and triple-digit growth, positions AMZN for further Data Center market leadership.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) currently trades at $263.99, while Wall Street's average price target sits at $283.79, implying about 7% upside from current levels.
On the latest Reuters Morning Bid podcast segment Powell era ends, hawks rise, the host flagged a milestone that sums up the entire 2026 market story: “the total spend now for 2026 from these big hyperscalers has now topped $700 billion.
Amazon.com delivered robust Q1 2026 results, with net sales up 16.6% YoY to $181.52B and operating margin expanding to 13.1%. AMZN's growth is increasingly driven by AWS, which posted 28% YoY growth—its highest in four years—while e-commerce and advertising remain strong pillars. Despite massive capex ($40B+ in Q1, $200B planned for the year) and overbought technicals, AMZN maintains a resilient business model and strong liquidity ($87B cash).
The grid was built for a slower world. Tema Electrification ETF (NASDAQ:VOLT) exists because hyperscalers are now signing power contracts the size of mid-sized utilities, and the equipment makers serving them cannot keep up.
Jigar Shah, the former head of the Department of Energy's Loan Programs Office and co-founder of Generate Capital, used his recent Prof G Markets appearance with Ed Elson to throw cold water on one of the loudest narratives in tech investing. The claim under attack is that hyperscalers can actually build the data center capacity... Big Tech Is Making 'Empty Promises' on 500 Gigawatts of Data Centers It Can't Deliver