Three Magnificent Seven stocks are entering July with fresh catalysts that could matter as Q2 earnings season approaches. Alphabet, Amazon and Nvidia are not cheap in the traditional sense.
"Artificial," Luca Guadagnino's starry film about Sam Altman and OpenAI, has been acquired by the indie distributor Neon after it was dropped by Amazon MGM Studios.
Amazon has announced several multi-billion dollar cloud/artificial intelligence (AI)-focused public sector initiatives. The announcements, made Tuesday (June 30) at the 2026 Amazon Web Services (AWS) Summit in Washington, D.C, include specialized infrastructure for defense contractors, migration incentives for intelligence agencies, and a global engineering program for AI deployment.
Amazon Web Services (AWS) on Tuesday launched a new Forward Deployed Engineering (FDE) organization, committing $1 billion in internal resources to help customers build and deploy artificial intelligence systems. The new unit will embed AI-focused engineers within customer organizations to develop purpose-built AI agents and accelerate implementation.
There's a growing argument that the market has been pricing Amazon.com Inc. NASDAQ: AMZN on fear rather than fundamentals in recent weeks. The CapEx concerns, the FTC noise, and the Blue Origin setback have all combined to leave the stock looking unusually unloved.
Amazon has expanded the price history function of its agentic artificial intelligence (AI) shopping assistant. Alexa for Shopping now shows 30, 90, and 365 days of price history, “so customers can feel confident they're getting a great deal,” Amazon wrote in a recent blog post.
Amazon is highlighting the fuel savings benefits of Prime membership with a limited-time promotion that offers 50 cents per gallon off one fuel purchase over the Fourth of July holiday weekend. The promotion runs from Thursday to Sunday (July 2 to 5), the company said in a Tuesday (June 30) press release.
As companies struggle to integrate AI, they're increasingly ready to bring in outside help — and service providers are launching new purpose-built groups to make sure they get it.
"We allege that Amazon AU included multiple unfair terms in its contracts with Australian annual Prime subscribers," said the Australian Competition and Consumer Commission. The ACCC is seeking consumer redress, penalties, costs, declarations and other orders.
Another challenge to the Amazon Kindle-Goodreads book tracking empire has emerged.
Tech stocks are back on the rise after a slump last week, and Amazon is leading the way.
I keep buying Amazon every time the bears hand me a headline like the falling $47.66 average Prime Day order, and I am not stopping now.