Amazon shares fell about 4.6% Thursday without reporting any results of its own. Alphabet raised its 2026 capital spending guidance to as high as $205 billion, and Tesla said its own spending will top $25 billion.
Amazon is requiring third-party sellers to label any photos or videos that feature AI-generated people. The move is in response to a recently enacted New York law that mandates companies disclose when an ad includes a "synthetic performer" in place of a human actor.
AWS produces the majority of Amazon's profits. Microsoft Azure is growing at a faster pace than AWS.
Some Wall Street experts are warning investors could be in for a bumpier ride than usual this earning season.
This summer, Amazon moved Prime Day to June 23-26, leaving July without its usual commercial centerpiece for the first time outside the pandemic-disrupted 2021 event. The shift created an apparent hole in merchants' calendars.
Amazon.com Inc. (AMZN) shares fell about 4% in trading on Thursday after a report said a US Senate panel is investigating whether the company allowed China to exert undue influence over its online marketplace. According to Bloomberg, Republican staff members on the Senate Small Business Committee have been examining potential “Amazon negligence related to Chinese influence” and have uncovered “compelling evidence,” citing committee correspondence and interviews.
Alphabet had a great earnings report and increased its capex budget for 2026, but the stock fell. Investors are nervous that big tech companies are overspending to build AI infrastructure.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) stock is down 4% to $234.81 Thursday afternoon, cutting through what had been a relatively steady July trading range for the e-commerce and cloud giant.
I keep hitting the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction), and Alphabet (NASDAQ:GOOGL) just handed me another reason to keep going.