Bubbles follow a general pattern, and when debt-fueled speculation is involved it can get very ugly.

$2.6 trillion. That is what Amazon (NASDAQ:AMZN | AMZN Price Prediction) is worth as of July 2, 2026, sitting on 10.76 billion shares at a closing price of $242.67.

In the eight-plus months since Amazon announced its most expansive job cuts ever, laid off workers have been thrust into an increasingly saturated labor market. With companies like Cisco, Meta, Microsoft and Oracle also announcing major cuts, and May representing the sharpest month for tech layoffs since 2024, many former Amazon employees are struggling to figure out what's next.

The State Street Utilities Select Sector SPDR ETF (XLU) has long been viewed as a defensive investment, preferred by investors seeking stable cash flows, consistent dividends, and lower volatility.

Amazon's cloud unit, AWS, grew 28% last quarter, its fastest in 15 quarters. Operating margin reached a record 13.1%.

Amazon trades at a lower forward P/E than Walmart and Costco despite stronger long-term growth drivers. Walmart and Costco command premium valuations because investors pay up for predictable, resilient earnings.

Gil Luria, Head of Technology Research at D.A.

Alphabet (GOOG), the parent company of Google; Amazon (AMZN), the e-commerce and cloud-computing company behind Amazon Web Services; Meta Platforms (META), the

Jim Cramer just made his first bearish call in 25 years, and the trigger was not a market crash or a recession signal but a single bond deal that he says proves the AI spending machine is quietly running out of fuel.

The project pipeline for data centers in North America increased by 4% in June from May, with hyperscalers driving the growth.