Meta is reportedly building a cloud business that would sell AI computing power, putting it in competition with Amazon Web Services. AWS revenue grew 28% year over year in the first quarter -- its fastest growth in 15 quarters.

Amazon's head of devices and services discussed the company's focus on artificial intelligence, Alexa Plus and new types of technology to support it.

Amazon has enough satellites in orbit to begin rolling out Amazon Leo, the company's broadband service, Bloomberg reported Thursday (July 2). The company gained another 29 satellites, bringing the total deployment to more than 390, when a United Launch Alliance rocket delivered them into orbit, according to the report.

Amazon has enough satellites in orbit to begin rolling out Amazon Leo, the company's broadband service, Bloomberg reported Thursday (July 2). The company gained another 29 satellites, bringing the total deployment to more than 390, when a United Launch Alliance rocket delivered them into orbit, according to the report.

Amazon is a far more profitable business today than it was at the time of its stock split in 2022. Demand for cloud services is fueling strong growth in its cash flow, which is now $148 billion on a trailing 12-month basis.

Oklo and Plug Power could be potential multibaggers.

Nebius and Sandisk have had incredible starts to 2026. Nvidia, Microsoft, and Amazon are all due for major rallies.

It's no secret that AI is a hog, consuming energy and water like no digital technology before it. Now we know just how much Big Tech's pursuit of AI is costing the environment.

Amazon says it has deployed enough satellites to launch its Leo commercial service later this year. Leo will compete with SpaceX's Starlink, which was created four years before Amazon's announced its entry into the market, and has more than 10,000 satellites in its constellation.