I believe Amazon (AMZN) is positioned to beat Q1 2026 expectations, driven by AI infrastructure leadership and operational efficiencies. AMZN's custom AI chips (Trainium/Graviton) are delivering triple-digit growth, supporting AWS margins by several hundred basis points and reducing capex. Retail and advertising segments show improved cost structure and high-margin growth, with ads now at a $85B annualized run rate.

Taken together, Citadel's largest technology holdings suggest Ken Griffin is positioning heavily around the continued dominance of Big Tech and the belief that AI infrastructure spending remains in the early innings.

In a rather surprising move, Amazon (NASDAQ:AMZN | AMZN Price Prediction) acquired satellite connectivity play Globalstar (NASDAQ:GSAT), which investors might know best for its dealings with Apple (NASDAQ:AAPL) and the SOS feature on the iPhone.

April 2026 earnings will test whether AI investment delivers real, measurable returns. Massive hyperscaler spending must now prove durability, pricing power, and revenue conversion.

Netflix outperformed during the period as investor concerns around a potential acquisition of Warner Bros. Discovery subsided. Microsoft lagged during the quarter despite reporting strong underlying results, as investor focus remained on slightly softer Azure growth and elevated AI-related investment. We believe Alnylam Pharmaceuticals' differentiated platform and growing pipeline position it well for sustained long-term growth.

Apple and Tesla aren't as attractive as the others. Amazon, Microsoft, and Alphabet are benefitting from booming cloud growth.

Bath & Body Works is turning to Amazon as part of its turnaround effort, CEO Daniel Heaf said. The e-commerce giant is helping the mall staple reach new customers.

Amazon is trading at historically low valuation levels. Meanwhile, its cloud computing revenue is accelerating, and it's seeing great operating leverage in its e-commerce business.

Ascent Group LLC grew its stake in Amazon.com, Inc. (NASDAQ: AMZN) by 4.7% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,532 shares of the e-commerce giant's stock after buying an additional 7,691 shares during the quarter. Amazon.com accounts for about 1.4% of Ascent Group

NiSource has partnered with Alphabet and expanded its deal with Amazon to power AI data centers while promising to shield customers.