Wall Street has spent the last six months questioning Mark Zuckerberg's aggressive AI capital spending, with Meta Platforms (NASDAQ:META | META Price Prediction) raising its 2026 capex guidance to $125 to $145 billion after a Q1 in which revenue grew 33% year over year.
Despite a massive rally in recent months, I'm reiterating my Strong Buy rating on shares of Amazon.com, Inc. The company's combination of a healthy e-commerce/Ads/subscription business, surging AWS sales, and soaring custom silicon business provides a slew of tailwinds to propel AMZN's future growth. Amazon ended Q1 2026 with a net cash and cash equivalents/marketable securities balance of $24 billion.
New York City Mayor Zohran Mamdani pushed back after Jeff Bezos said doubling his taxes would not help “that teacher in Queens.” Bezos called instead for eliminating federal income taxes on the bottom half of earners, arguing that would do more to help working-class Americans.
Nvidia (NASDAQ:NVDA | NVDA Price Prediction) is the undisputed AI chip king, and its heft lead probably won't be given up anytime soon, even as more tech titans spend on their own custom silicon efforts.
Wells Fargo trimmed its price target on Amazon (NASDAQ:AMZN | AMZN Price Prediction) to $312 from $313 while maintaining an Overweight rating.
Wall Street thinks Marvell stock looks marvelous.
Artificial intelligence (AI) has been the driving force behind equity markets for some time now.
US retailers look stout in premarket trading as we are looking at the US consumer and the ability to spend more than seems likely.
David Tepper of Appaloosa Management is already a big name in the hedge fund world.