Led by sharp declines last Thursday in the stock prices of Alphabet and Tesla, the Magnificent Seven lost approximately $890 billion in market value. The Wall Street Journal reported that these declines stemmed from a shift in investor perspective, from a focus on earnings to a focus on free cash flow.
Alphabet recently hiked its 2026 capital expenditure guidance due to soaring demand for compute. The hyperscalers are racing to build out artificial intelligence infrastructure to power the AI boom.
Alphabet raised its 2026 capital spending forecast to as much as $205 billion this past week, while Amazon plans about $200 billion and Meta up to $145 billion. Nvidia's data center revenue rose 92% year over year to $75.2 billion in its most recent quarter.
The artificial intelligence boom reshaped the stock market faster than almost any investing trend in recent memory.
America's AI buildout will be in the spotlight this week, with some of the world's biggest tech companies due to hand in their latest results and Federal Reserve officials expected to take up the topic when they meet.
Amazon's average analyst price target is about $313, roughly 34% above where the stock trades. The stock sits about 16% below its 52-week high after falling again on Thursday.
These stocks have massive long-term prospects and are priced to buy.
Jeff Bezos still has control over space company Blue Origin -- just not 100% control.
CORDA Investment Management LLC. lifted its stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 2.7% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,106 shares of the e-commerce giant's stock after buying an additional 5,856 shares during the quarter. Amazon.com comprises
Del Sette Capital Management LLC reduced its position in Amazon.com, Inc. (NASDAQ: AMZN) by 64.5% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,384 shares of the e-commerce giant's stock after selling 9,786 shares during the quarter. Amazon.com makes up