Amazon.com, Inc. (NASDAQ:AMZN) is one of the eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 11% over the past year and by 6.7% year-to-date.
Its cloud computing division, AWS, scored a major win earlier this month when Pinterest announced that it planned to spend a whopping $4 billion through 2031 on the business
The deal also includes Amazon.com, Inc. (NASDAQ:AMZN)’s custom AI chips, which Pinterest intends to use to run language models and visual models to beef up its artificial intelligence capabilities. The firm is also busy making moves in the satellite internet industry, as it announced on May 29th that it would acquire Apple’s 20% stake in satellite company Globalstar. Bank of America discussed Amazon.com, Inc. (NASDAQ:AMZN)’s shares on June 6th as it reiterated a Buy rating and a $310 share price target for the firm.
The satellite business, called Amazon Leo, played a role in the coverage as BofA praised Amazon.com, Inc. (NASDAQ:AMZN)’s progress with it. Copyright: prykhodov / 123RF Stock Photo Baron Durable Advantage Fund discussed Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter: “Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest retailer and cloud services provider. Shares declined 9.8% during the quarter after the company guided to $200 billion in fiscal year 2026 capital expenditures, above Street expectations.