With 353 hedge fund holders as of Q1 2026, Amazon.com, Inc. (NASDAQ:AMZN) is among the many Top 10 Stocks That Members of Congress Own.
On Could 29, Amazon.com, Inc. (NASDAQ:AMZN) introduced that it could purchase Apple’s 20% stake in Globalstar (GSAT) as a part of its $11.6 billion acquisition of the satellite tv for pc communications firm. In a regulatory submitting, Amazon said that its deliberate investments in constellation growth and technical enhancements will strengthen the 1.6/2.4 GHz Cellular Satellite tv for pc Providers spectrum relied upon by hundreds of thousands of iPhone customers for emergency and connectivity providers in areas missing conventional mobile protection. The transaction additional expands Amazon’s presence in satellite tv for pc communications and associated infrastructure markets.
On the identical day, Truist raised its worth goal on Amazon.com, Inc. (NASDAQ:AMZN) to $320 from $310 whereas sustaining a Purchase score on the shares. The agency elevated its long-term Amazon Internet Providers income forecasts for fiscal 2027 and past to raised replicate the potential contribution from Amazon’s lately introduced $100 billion partnerships with Anthropic and OpenAI. In line with the analyst, consensus estimates could also be underappreciating each the corporate’s future capital expenditures and the numerous income progress that might emerge from its increasing backlog of synthetic intelligence-related enterprise alternatives.
Amazon.com, Inc. (NASDAQ:AMZN) was based in 1994 and is headquartered in Seattle, Washington. It’s a multinational know-how and e-commerce big that additionally supplies enterprise cloud computing (AWS), produces digital leisure, and manufactures client electronics.
Whereas we acknowledge the potential of AMZN as an funding, we consider sure AI shares supply higher upside potential and carry much less draw back danger. In case you’re in search of an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the best short-term AI stock.
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