Billionaire investors loaded up on Amazon stock during Q4. AWS is a compelling reason to invest in Amazon today.

Globalstar's deal-premium debate is still front and center after the stock recently ripped to an 18-year high and traded near the mid-$80s last week, before any confirmed bid.

Matt Garman, CEO of Amazon Web Services, said the cloud infrastructure provider has teams working around the clock to keep its infrastructure operating in the Middle East. AWS data centers in Bahrain and the United Arab Emirates were damaged in drone strikes last month.

On Tuesday, Amazon announced that Uber was expanding its contract for AWS cloud services to run more of its ride-sharing features on Amazon's chips. Uber will particularly expand its use of AWS's Graviton (a low-power, ARM-based server CPU) and start a new trial testing Trainium3, AWS's Nvidia competitor AI chip.

Are tech stocks the new value stocks?

High-profile creators, including the owners of the H3 Podcast, are suing Amazon for allegedly deploying a sophisticated "extraction" scheme to use their copyrighted videos to train its Nova Reel AI.

The Magnificent 7 — Apple ( NASDAQ:AAPL | AAPL Price Prediction ), Amazon ( NASDAQ:AMZN ), Alphabet ( NASDAQ:GOOG )( NASDAQ:GOOGL ), Meta Platforms ( NASDAQ:META ), Microsoft ( NASDAQ:MSFT ), Nvidia ( NASDAQ:NVDA ), and Tesla ( NASDAQ:TSLA ) — have powered the market's AI-driven rally, lifting their combined market capitalization past $20 trillion.

Top insights from the latest market news from Tuesday, April 7, from The Motley Fool analysts on Team Rule Breakers and Team Hidden Gems.

The major indexes are struggling as investor hopes surrounding a ceasefire continue to fade