Elon Musk's public praise of Anthropic reinforces Amazon and Alphabet's hidden AI investment advantage. Investors should separate paper valuation gains from sustainable operating earnings as AI enthusiasm remains elevated.

The answer may surprise you.

Ken Griffin's Citadel Advisors has long counted Microsoft (NASDAQ:MSFT | MSFT Price Prediction), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL) among its largest reported equity positions, and each mega-cap is trading through a very different chapter of the AI capex cycle.

I keep hitting the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction), and the $25 billion bond sale gave me three fresh reasons to keep going.

Amazon is accelerating into strong double-digit revenue growth, with Q2 2026 expectations at 16.8% year-on-year and robust AWS momentum. CapEx is now overwhelmingly dedicated to AWS and generative AI, with TTM CapEx at $151 billion and a target to exceed $200 billion by FY 2026. AWS and AI revenue growth are directly linked to CapEx, supporting a bullish thesis for 40–45% AWS revenue growth over the next several quarters.

Amazon (AMZN 0.91%) is scheduled to report quarterly financial results in late July.

Pershing Square's five-stock book is quietly beating the market while four of those names bleed red year to date, and one just dropped a $14.8 billion takeover bid this week. Here is whether Ackman's conviction holds up or leaves you holding the bag.

A new exchange-traded fund is trying to package the biggest names in artificial intelligence into a single ticker that also pays regular income.

Retail sales rose in June as online spending surged, highlighting AMZN, FIVE, DLTR, TGT and TJX as retail stocks to watch.

Google (NASDAQ: GOOGL | GOOGL Price Prediction) and Amazon (NASDAQ: AMZN) both reported