Amazon's highly profitable ad business could double in revenue to over $140 billion by 2030, according to a recent report from TD Cowen.

Major US stocks look a little soft in early trading, but not overly threatened.

Amazon is rated Strong Buy, driven by AWS's shift to Agentic AI and proprietary silicon (Trainium3), creating a durable competitive moat. AMZN targets $350/share by end-2026, supported by technicals, AWS re-acceleration to 20%+ YoY growth, and a $200B backlog decoupling value from retail cyclicality. Valuation implies 22%-31% upside by 2026, with AWS, Advertising, Retail, and Subscriptions collectively supporting a $3.3T enterprise value under SOTP analysis.

Amazon's most recent quarter showed double-digit growth in retail, ads, and cloud. Both Amazon and Alibaba have seen a reacceleration in their cloud businesses.

Nvidia and Taiwan Semiconductor are top picks in the AI hardware sector. Amazon and MercadoLibre are building e-commerce empires.

Amazon's stock underperformed the market last year, but looks poised to rally in 2026. The company is seeing strong operating leverage in its e-commerce operations and revenue growth acceleration at AWS.

Sirius XM is struggling to drive sustainable subscriber and revenue growth. This top tech stock benefits immensely from the AI trend as its cloud segment thrives.

Agentic AI can change how companies perform operations and how individuals access information.

For the past two years, the stock market narrative has been dominated by a single theme: infrastructure. Investors watched as major technology companies poured hundreds of billions of dollars into data centers and graphics processing units (GPUs).

Wall Street is increasingly focused on how Amazon.com, Inc. (NASDAQ: AMZN) can turn improving AI execution at Amazon Web Services' into renewed stock momentum in 2026.