AI optimism and blockbuster Big Tech earnings fueled last week's biggest winners. Here are the top-performing stocks and their leveraged ETFs.
I keep buying Amazon (NASDAQ:AMZN | AMZN Price Prediction), and the July 30, 2026 earnings report gave me another reason to keep the buy button warm.
Amazon's market value crossed the $3 trillion mark for the first time on Monday after investors rewarded the company for a stronger-than-expected earnings report that reinforced the view that artificial intelligence spending is beginning to generate meaningful returns through its cloud computing business. Shares of the e-commerce and cloud giant climbed nearly 5% during Monday's trading session, lifting its valuation above the milestone and extending a rally that began after last week's quarterly results.
Amazon.com Inc (NASDAQ:AMZN) stock is building on last week's buzz, up 5.2% to trade at $285.79, and earlier nabbing a record high of $287.20.
Amazon.com, Inc. is reiterated as a Strong Buy, driven by AWS-led margin and revenue expansion amid accelerating AI infrastructure demand. AWS posted 36.7% YoY revenue growth and 39% operating margin in Q2 '26, fueling overall margin improvement to 13.7%. High-Margin Services—ads, third-party seller, and subscriptions—are expanding, while retail remains low-margin; negative FCF is offset by robust operating cash flow.
Though Amazon (NASDAQ: AMZN) maintained Wall Street confidence through 2026, the company's late July earnings provided a strong catalyst for both the equity itself and for institutional price target upgrades.
Amazon (AMZN) earns a Buy rating, with fair value estimated at $320, reflecting AWS-driven operating income growth and improving retail margins. AWS revenue surged 37% to $42.2B, operating margin expanded to 39.4%, and backlog reached $496B, supporting multi-year growth visibility. Capital intensity remains a risk; free cash flow is negative and debt has doubled, but management projects strong operating income growth through 2026.
Amazon is the latest Big Tech company to report abnormally large earnings growth, thanks to paper gains on Anthropic investments.
Amazon (AMZN +15.32%) surprised investors with a significant acceleration in revenue.
Microsoft and Amazon just delivered impressive results, causing their stocks to spike. Meta Platforms still has some work to do before it can turn around its fortunes.
Amazon says that some customers will get back a sliver of cash from its pool of refunded money after the Trump administration's tariffs experiment fell apart in court.
Amazon (NASDAQ: AMZN) could reach a $5 trillion market capitalization as early as mid-2028, according to a forecast generated by ChatGPT based on the company's latest fundamentals.