Amazon (AMZN) Sees Bigger AWS Growth, but Rising Competition Could Pressure Returns
Eagle Capital Management's Q2 2026 investor letter highlights Amazon.com, Inc. (NASDAQ:AMZN) as a strong performer in AI capital spending. The company's AWS business remains highly profitable and is expected to grow even further. However, the investment firm acknowledges the growing competition in the industry, which could pressure returns.
Despite this, Amazon.com, Inc. (NASDAQ:AMZN) is positioned in the top 40 most popular stocks among hedge funds, with 353 hedge fund portfolios holding the stock as of the first quarter of 2026, compared to 381 in the previous quarter.
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