Amazon

Thiel Macro’s 13F filings show an Amazon stake of roughly 495,000 shares worth about $118 million, representing nearly 28% of the reported US equity portfolio. Amazon has increased its net income since 2016 from $2.4 billion to $77.7 billion, driven by AWS, advertising, its AI business and in‑house chips. AWS remains the main profit engine with strong acceleration and high margins, while advertising and AI provide additional revenue streams. Heavy investments weigh on free cash flow in the short term but are intended to enable the next growth phase and fuller capacity utilization. » More on deraktionaer.de

The NTSB confirmed two crew members survived after an Amazon Prime Air Boeing 767 overran a Miami International Airport runway, caught fire and struck multiple vehicles. The crash killed five people and injured five others after the jet ran 1,300 feet beyond the paved surface, breached the airport perimeter and hit a van and a civilian car near an area where Tesla robotaxis were stationed. Investigators recovered the flight data and cockpit voice recorders and said the wreckage and damage to airport equipment were extensive; the aircraft was operated by 21 Air and had completed two other flights earlier the same day. » More on yahoo.com

Amazon's shares trade at just over 20 times expected earnings, about half the multiples of Walmart (37x) and Costco (44x), driven mainly by heavy capital expenditures on AI infrastructure. Amazon is budgeting roughly $220 billion this year for AI-related capex to support its cloud offerings, prompting investor caution because returns from that compute investment remain uncertain. By contrast, investors have bid up Walmart and Costco as defensive plays against potential AI-driven market risk, even as those valuations look rich. The article concludes many investors may avoid all three names until clearer returns from AI investments or valuation corrections emerge. » More on finance.yahoo.com