Nvidia CEO Jensen Huang sees cumulative demand for Blackwell and Rubin chips reaching $1 trillion through 2027. Growing demand for artificial intelligence (AI) infrastructure positions Nvidia, Dell, and Amazon Web Services for strong growth.

Amazon.com Inc (NASDAQ:AMZN) may offer investors significant upside despite concerns over near-term capital expenditures and relative AWS growth, according to analysts at Jefferies. The firm highlighted that Amazon shares have “been a frustrating laggard as sentiment faded on outsized AI capex and trailing AWS growth versus peers.

EU competition chief Teresa Ribera sits down with CNBC's Deirdre Bosa to discuss the impacts of artificial intelligence, regulating tech companies, and more.

Amazon (AMZN, Financials) shares went up in premarket trade after Barclays repeated its Overweight rating and $300 price target. The bank said this was because

I believe Amazon.com, Inc. may have largely solved its Anthropic overhang, as the OpenAI Pentagon deal through AWS reduces a key risk tied to government and defense AI demand. The 1 million-GPU Nvidia deal reinforces that Amazon's AI buildout is real, large, and still accelerating despite broader market and geopolitical pressure. Despite AWS contributing only 18% of revenue, it accounts for 57% of operating income, highlighting the importance of this segment to the bull case.

Amazon Web Services (AWS) has been a key growth area for Amazon in recent years. CEO Andy Jassy recently hiked his forecast for AWS due to opportunities related to artificial intelligence (AI).

Amazon's $200 billion AI spending plans have weighed on the stock, overshadowing robust cloud and retail growth, Jefferies argues.

Amazon's contract with the USPS will expire in October. The USPS reportedly backed out of a potential renewal last December.

The cuts, which affected approximately 70 specialized roles, mark one of the most aggressive pivots toward AI-generated content in the enterprise software sector to date.