The latest quarter showed a 19% QoQ increase in Big Tech spending, confirming continued conviction in the build-out of AI infrastructure. Capital spending for the AI buildout has risen 44.6% from initial estimates, a substantial jump considering the scale already measured in hundreds of billions. Since the beginning of the year, Big Tech Capex estimates have increased from $280 billion to $405 billion, an impressive 31% positive revision.

At a macro level, Amazon's e-commerce and cloud computing growth catalysts can power much more growth in the years ahead. The company is working overtime to ease capacity constraints for AWS. Amazon's Prime ecosystem is also continuing to grow, which is supporting significant advertising business growth. The company sports an AA S&P credit rating with a stable outlook.

After losing some value lately, a hammer chart pattern has been formed for Amazon (AMZN), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Major stock indexes soared Thursday, a day after AI darling Nvidia reported quarterly results above analysts' lofty expectations.

AUSTIN, Texas, Nov. 20, 2025 (GLOBE NEWSWIRE) -- SoftServe, a premier IT consulting and digital services provider, today announced the formation of a dedicated, partner-specific Business Unit (BU) for Amazon Web Services (AWS). Building upon its Strategic Collaboration Agreement (SCA), SoftServe's dedicated AWS BU is designed to help enterprises overcome one of the biggest challenges in cloud adoption: moving beyond migration to achieve complete infrastructure and application modernization.

Amazon.com (AMZN) delivered strong Q3 results, led by accelerating growth and profitability in Amazon Web Services (AWS), driving the stock to new highs. AWS revenue grew 20% year-over-year, with margin expansion to 34.5%, reaffirming its dominance and efficiency in the cloud infrastructure market. AMZN trades at a discount to peers on a forward P/S basis, offering 21% to 52% upside potential based on fair value estimates of $296–$370 per share.

Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) reacted quite negatively after getting slapped with pretty significant downgrades earlier in the week, courtesy of Rothschild & Co.

Major tech stocks appear poised for a Thursday rally, with Amazon, Apple, and Google showing signs of renewed strength. Support levels, rising volume, and positive sentiment, helped by Nvidia's recent earnings, underscore continued bullish momentum across key companies.

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