NEW YORK — U.S. stocks were mixed early Friday as Wall Street turned its attention to the Federal Reserve’s Jackson Hole Symposium, where Fed Chair Kevin Warsh is scheduled to speak later in the day on the central bank’s economic outlook and strategy for bringing inflation back to target.

The Dow Jones Industrial Average traded up about 0.15% to 0.3% in early trading, changing hands near 53,650, while the S&P 500 edged modestly higher. The Nasdaq Composite slipped roughly 0.1%, pulling back after a tech- and earnings-driven rally the day before.

Friday’s session followed a strong close on Thursday, when the Dow gained 105.56 points, or 0.2%, to finish at 53,569.44. The S&P 500 advanced 0.72% to 7,730.99, and the Nasdaq jumped 1.57% to 26,541.35 in its best day since Aug. 4, powered largely by Nvidia’s latest earnings report. Nvidia shares surged 8.7% after the chipmaker beat analyst expectations and issued a bullish revenue forecast, a result that helped rebuild investor confidence in the broader artificial intelligence trade.

That confidence carried into Friday’s premarket trading, though markets were largely holding steady as investors waited for clarity from Warsh. His remarks are being closely scrutinized after his stance at the Fed’s last policy meeting left investors uncertain about the central bank’s near-term rate path.

Treasury yields were little changed heading into the speech. The 10-year and 30-year yields remained close to the multiyear highs touched earlier in August, as concerns about inflation and the federal government’s debt load continued to weigh on the bond market. The 10-year yield had fallen to 4.63% earlier in the week, offering some relief to interest-rate-sensitive sectors after climbing sharply in recent weeks.

Beyond the Fed speech, traders were also digesting a notable divergence in speculative assets. Bitcoin and Cathie Wood’s Ark Innovation ETF have each risen more than 20% in August, a pairing that has occurred only four other times since the fund’s 2014 launch. The rally has drawn comparisons to the market environment of late 2020 and early 2021, when near-zero interest rates and pandemic-era stimulus fueled speculative enthusiasm across meme stocks, special-purpose acquisition companies and cryptocurrencies.

The broader market backdrop this week has been shaped by a mix of technology strength and lingering macroeconomic caution. Earlier in the week, on Monday, the S&P 500 fell 0.28% to 7,652.86 and the Nasdaq lost 0.76%, dragged down by weakness in semiconductor stocks. Micron Technology dropped 5.8%, while Advanced Micro Devices and Broadcom each fell more than 2%. The Dow bucked that trend Monday, adding 140.15 points, or 0.26%, to close at 53,417.16, aided by a decline in Treasury yields after reports that the Treasury Department could tap its General Account to help fund a buyback operation.

Gold prices have also been in focus this month, climbing toward $4,637 an ounce on Monday, their highest level since mid-May, though still below the roughly $5,600 record touched earlier this year. The metal’s rebound has come amid broader dollar weakness and continued investor unease over the scale of U.S. government debt.

Oil prices, by contrast, have softened. West Texas Intermediate crude traded near $81 a barrel earlier in the week, pressured lower by reports that the United States plans to return diplomatic personnel to parts of the Middle East, a development that appeared to ease some of the geopolitical risk premium built into energy markets.

On the economic data front, labor market indicators have shown modest improvement. According to ADP, private employers added an average of 11,750 jobs per week over the four weeks ending Aug. 8, up from 9,500 jobs per week in the prior reading, a sign that hiring activity may be firming even as the broader economy navigates elevated borrowing costs.

Investors are also looking ahead to the University of Michigan’s final August consumer sentiment index, due out Friday, along with a quieter stretch of earnings and economic releases heading into next week. Aside from a smaller August ISM Manufacturing PMI report and July JOLTS data due Sept. 1, market attention is expected to remain fixed on the Fed’s policy signals coming out of Jackson Hole.

With equity markets having posted a solid run through much of 2026, some strategists have cautioned that August and September have historically been seasonally weaker months for stocks, and that a period of near-term consolidation would not be unusual even as the broader outlook for equities over fixed income remains favorable, supported by strong corporate profit growth and resilient economic activity.

SAN FRANCISCO — A federal judge late Thursday permanently barred the Trump administration from enforcing a set of measures aimed at cutting artificial intelligence company Anthropic off from the federal government, ruling that officials had unconstitutionally punished the firm for protected speech.

U.S. District Judge Rita Lin of the Northern District of California issued the 59-page ruling capping a monthslong legal fight between Anthropic and the Pentagon over the company’s AI model, Claude, which is used across parts of the U.S. military. Lin found that the Defense Department’s actions against the company violated both the First Amendment and the Fifth Amendment’s due process protections.

The dispute traces back to February, when the Pentagon and Anthropic clashed over how far the military could go in using Claude. Anthropic had sought to keep in place internal safeguards preventing its model from being used for mass surveillance or fully autonomous weapons systems, while military officials argued they should be free to use the technology for any lawful purpose. When the two sides failed to reach an agreement, President Trump ordered federal agencies to stop using Claude, and Defense Secretary Pete Hegseth designated Anthropic a supply chain risk, a rarely used label that effectively sought to block private defense contractors from using the company’s technology for military-related work.

In her ruling, Lin wrote that the government’s actions “constituted unlawful retaliation in violation of the First Amendment” and found that Anthropic “was denied the pre-deprivation process required under the Fifth Amendment.” She was sharply critical of the administration’s stated justification for its actions, writing that the government’s contemporaneous statements and conduct showed the moves were “based on a desire to make a public example out of Anthropic for its ‘arrogance’ in criticizing the government, not based on any articulable basis to believe that Anthropic would actually sabotage its model.”

Lin also pointed to a contradiction in the government’s own conduct, noting that other federal agencies continued working with and meeting with Anthropic even after the Pentagon’s supply chain risk designation took effect. “None of that is consistent with a genuine fear that Anthropic is a saboteur who would poison its software to harm national security,” she wrote. She further wrote that “the empty invocation of national security is not a blank check to punish and retaliate against government critics.”

The judge was careful to note that her order does not require the government to do business with Anthropic or prevent it from choosing a different AI vendor, “so long as those actions are consistent with applicable regulations, statutes, and constitutional provisions.”

Lin’s ruling followed a hearing in late July at which she had already signaled skepticism toward the government’s position, telling attorneys the administration’s stance was “really troubling” to her and appeared “at odds” with the First Amendment. At that same hearing, Justice Department lawyers argued that AI models are “so staggeringly enormous and opaque” that the Pentagon could not evaluate Claude the same way it would assess a piece of physical hardware.

Anthropic sued the Pentagon in March, calling the supply chain risk designation part of an “unlawful campaign of retaliation” tied to its refusal to allow unrestricted military use of its technology. Earlier in the litigation, Lin had already temporarily blocked the Pentagon from enforcing the supply chain risk label and had separately blocked enforcement of Trump’s directive ordering federal agencies to stop using Claude.

An Anthropic spokesperson welcomed Thursday’s ruling in a statement, saying the company remains “focused on working productively with the government to harness AI for our national security so all Americans benefit from this technology.” The White House did not immediately respond to a request for comment on the ruling.

The Pentagon’s designation of Anthropic marked the first time the U.S. government had publicly applied the supply chain risk label to an American company under the statute, which was originally intended to protect military systems from foreign sabotage. Lin also noted an apparent contradiction between the blacklisting and an earlier threat by Hegseth to invoke the Defense Production Act against Anthropic, a move that Lin said implied the administration itself viewed the company as “essential to national security rather than a threat to it.”

The government is expected to appeal Thursday’s decision. A second, narrower lawsuit filed by Anthropic over a different rule the Pentagon has used to try to justify labeling the company a supply chain risk remains pending before the federal appeals court in Washington, D.C. It remains unclear whether the administration will wait for a ruling in that case before challenging Lin’s decision.

Thursday’s ruling represents a significant legal victory for Anthropic as the company continues to expand its commercial and government business. The decision could reopen paths for federal agencies and defense contractors to resume using Claude, potentially restoring business opportunities that had been cut off since the designation took effect earlier this year.

TUCSON, Ariz. — Seven months into the search for Nancy Guthrie, the 84-year-old mother of NBC “Today” co-anchor Savannah Guthrie, a new and unverified claim about a plumber who allegedly visited her home in the days before she vanished has drawn fresh attention to a case that remains without a named suspect.

Guthrie disappeared from her home in the Catalina Foothills, an upscale suburb north of Tucson, in the early morning hours of Feb. 1. Investigators believe she was abducted, and doorbell camera footage released by the FBI shows a masked individual on her porch appearing to tamper with the security camera before her disappearance.

The latest claim comes from Mark the Shark, a YouTube streamer who has followed the case closely for months. He wrote on X that a source told him a plumber had been working at Guthrie’s house about a week before she went missing, and he questioned whether the detail could hold significance for investigators.

The Pima County Sheriff’s Department, which is leading the investigation alongside the FBI, has not confirmed that any repair or maintenance work was underway at Guthrie’s home before her disappearance. Authorities have not commented publicly on the plumber claim, and it has not been corroborated by law enforcement or verified by other news organizations. The claim remains, for now, an unconfirmed detail circulating among online followers of the case rather than an established investigative lead.

It is already established that a masked individual was captured on camera outside Guthrie’s property on more than one occasion. In addition to the doorbell footage from the morning she disappeared, NewsNation has reported obtaining photographs of a masked man in the area days earlier. The FBI has described the person seen in the footage as standing between 5-foot-9 and 5-foot-10 with an average build, but he has not been publicly identified, and no arrest connected to the disappearance has been announced.

The case took a new turn last week when online speculation linked an unrelated Tucson murder investigation to the unidentified figure captured at Guthrie’s home, whom internet sleuths have nicknamed “Porch Guy.” The Pima County Sheriff’s Department issued an arrest warrant on Aug. 21 for Alex James Barnett, 33, in connection with the killing of Tucson Police Cadet Carlos Ramirez, a 23-year-old recruit who was found shot dead inside his home days before he was set to complete the police academy. Ramirez’s fiancee, a corrections officer, was also shot and wounded in the attack, and the couple’s child was inside the home at the time.

After the sheriff’s department shared a public-assistance notice with Barnett’s photograph, social media users began comparing his appearance, gait and clothing to the masked figure seen in the Guthrie doorbell footage. Barnett was taken into custody Aug. 24 following a three-hour standoff with a SWAT team at a Tucson apartment complex and reportedly surrendered peacefully. Court records reviewed by the Arizona Daily Star show Barnett has a prior history that includes domestic violence, burglary, theft and child abuse charges.

Despite the online chatter, the Pima County Sheriff’s Department has been clear that it has not tied Barnett to the Guthrie investigation. Officials have said the Ramirez homicide and the Guthrie disappearance continue to be treated as separate cases, and no evidence has been released publicly connecting the two.

The Guthrie case has drawn national attention since it began, prompting Savannah Guthrie to step back from her broadcasting duties, including her coverage of the 2026 Winter Olympics, to take part in the search for her mother. Family members have described Nancy Guthrie as mentally sharp and independent; she had lived alone in the Catalina Foothills home for years after moving to the Tucson area with her family in the early 1970s. She previously worked in communications and university advancement at the University of Arizona and had also served as a spokeswoman for University Medical Center.

Investigators have pursued numerous leads in the seven months since Guthrie went missing. In late July, the sheriff’s department released two ransom notes purportedly connected to the case in hopes that the public could help identify the writer. One of the notes, sent to a Tucson news outlet on Feb. 6, claimed Guthrie died shortly after she was taken and stated the sender believed her death was heart-related. Authorities have not confirmed the notes’ authenticity or verified the claims made in them, and Guthrie’s whereabouts and condition remain unknown.

Earlier this month, forensic psychologist Kris Mohandie raised questions about the legitimacy of the ransom notes in comments to Fox News Digital, suggesting the case could have originated as a burglary that escalated, followed by attempts to cover it up. He said he still believed releasing the notes publicly had been the right call by investigators.

The sheriff’s department has said DNA evidence collected from the scene was sent to the FBI laboratory in Quantico, Virginia, for testing. Officials have said Guthrie’s family members and their spouses have been cleared as suspects, and no arrests have been announced that resolve the case.

Earlier this year, authorities said they were also looking into reports of suspicious activity near Guthrie’s neighborhood, including at a nearby home that had recently been vacated, though a sheriff’s spokesperson declined to say whether that inquiry involved specific individuals. At a CrimeCon panel earlier this year, a reporter covering the case said federal investigators were exploring new technological tools to aid the search, and a defense attorney on the same panel said Savannah Guthrie had spent roughly $500,000 of her own money hiring private investigators to assist.

As of late August, no body has been found, and officials have said remains discovered in the Tucson desert on Aug. 17 are not believed to be connected to Guthrie’s case. The Pima County Sheriff’s Department continues to ask anyone with information to come forward, and a reward has been offered for details leading to a resolution of the case.

The investigation remains active, and authorities have not said whether the plumber claim or any other recent development has altered the direction of the case.

CUPERTINO, Calif. — Apple has confirmed it will hold its annual fall product event on Wednesday, Sept. 9, kicking off a stretch of major changes for the company that includes a new lineup of iPhones, a fresh round of desktop computers and, for the first time in more than a decade, a new chief executive.

The company sent invitations to media Wednesday featuring a glowing Apple logo set against a blue haze and the tagline “Surprise and shine.” The event will begin at 10 a.m. Pacific time at the Steve Jobs Theater on Apple’s Cupertino campus and will be livestreamed on Apple’s website, the Apple TV app and YouTube.

This year’s gathering carries added significance because it will be the first major product launch overseen by incoming chief executive John Ternus, who takes over from Tim Cook on Sept. 1. Ternus, Apple’s longtime senior vice president of hardware engineering, is widely expected to lead the keynote.

Apple announced the leadership change in April, saying Cook would become executive chairman of the company’s board of directors while Ternus, a 25-year Apple veteran, would step into the chief executive role. The transition was approved unanimously by Apple’s board following what the company described as a long-term succession planning process.

“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” Cook said in Apple’s announcement of the transition. “I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people.”

Cook also praised his successor, calling Ternus a leader with “the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor.” Ternus will also join Apple’s board of directors effective Sept. 1, while board chairman Arthur Levinson transitions to lead independent director.

Cook’s departure closes out nearly 15 years at Apple’s helm. He succeeded company co-founder Steve Jobs in August 2011 and went on to oversee the launch of the Apple Watch, AirPods, Apple Pay and Apple Vision Pro, along with the Mac’s multiyear transition away from Intel processors to Apple’s own silicon. As executive chairman, Cook is expected to continue representing Apple in dealings with policymakers around the world.

At the Sept. 9 event, Apple is expected to introduce its first foldable iPhone alongside updated iPhone 18 Pro and iPhone 18 Pro Max models. Unlike in past years, Apple does not plan to introduce a standard iPhone 18 model at the September event; that version is expected to arrive in spring 2027 instead, according to widely circulated supply-chain reports. The new Pro models are expected to run on Apple’s A20 Pro chip, built on a 2-nanometer manufacturing process the company says will improve both speed and power efficiency compared with the current generation.

Industry analysts tracking Apple’s supply chain have said pricing across the new iPhone lineup could rise compared with last year’s models, citing an ongoing global shortage of memory chips that has affected component costs across the technology industry.

The September event follows a surprise announcement this week that Apple had already begun refreshing its Mac desktop lineup, releasing new Mac mini and Mac Studio models days before the iPhone showcase. In a press release, Apple said the new Mac Studio, powered by its M5 Max and newly introduced M5 Ultra chips, delivers up to 4.3 times faster on-device artificial intelligence performance than the previous generation, along with faster graphics, additional storage speed and up to 512 gigabytes of unified memory in its highest-end configuration.

The redesigned Mac mini, meanwhile, is now available with either Apple’s new M6 chip or the M5 Pro chip introduced earlier this year. Apple said the M6 chip includes a 12-core CPU and 12-core GPU, along with the company’s first dual Neural Engine configuration, intended to boost on-device AI processing.

Pricing on both machines increased alongside the hardware upgrades. The Mac mini now starts at 899 dollars, and the Mac Studio starts at 2,499 dollars, with the high-end M5 Ultra configuration priced at 5,499 dollars. Apple has attributed recent price increases across its Mac lineup to rising component costs tied to global demand for memory chips used in AI data centers. Most of the new Mac configurations are set to ship Sept. 22, with the highest-memory Mac Studio option arriving in late October.

Apple has not detailed what else will appear on stage at the Sept. 9 event, though the company traditionally uses its September keynote to introduce new iPhone and Apple Watch models alongside updates to its software platforms. The event marks a rare instance in recent years of Apple launching new desktop hardware just ahead of its iPhone event rather than folding all announcements into a single keynote.

Apple’s stock has traded near record levels in recent months as investors weigh the company’s plans to expand artificial intelligence features across its devices, alongside broader industry pressure from competitors racing to build out generative AI tools. The Sept. 9 event will be closely watched both for its product announcements and as the public debut of Ternus in Apple’s most high-profile executive role.

Apple did not respond to requests for additional comment ahead of the event.

Federal Reserve Chair Kevin Warsh on Friday delivered his first keynote address at the annual Jackson Hole Symposium on monetary policy, outlining his views of the economy and his perspective on why he thinks the central bank’s forward guidance should be reined in.

Warsh emphasized that the Fed is focused on returning inflation to the central bank’s 2% target, acknowledging that bringing the personal consumption expenditures (PCE) index to that level is the “firm, fixed target” for policymakers. In July, PCE inflation remained at 3.7% compared with last year, which Warsh called “concerning” and said should be the focus of monetary policy.

The Fed chair also discussed the employment side of the dual mandate, saying that limited growth in labor supply is lowering monthly jobs figures, but that labor market data is “broadly consistent with full employment.”

Fed watchers have been critical of Warsh’s moves to clamp down on forward guidance about future interest rate moves, which he believes should be limited to when there are economic or financial crises – though his speech helped clarify those views for some.

WARSH SAYS FED’S MAIN FOCUS SHOULD BE ON PRICES AS CENTRAL BANK’S RATE POLICY IN FOCUS

Fed Chair Kevin Warsh discussed the economic outlook and why he thinks forward guidance isn’t needed at this time. (David Paul Morris/Bloomberg via Getty Images)

Seema Shah, chief global strategist for Principal Asset Management, said that “Warsh untangled much of the ambiguity left by the July FOMC press conference, presenting a clearer picture of a Fed that remains laser-focused on returning inflation to target and is prepared to raise rates if progress stalls.”

“Although we expect incoming data to improve, the risk of a September hike has increased. The positive market reaction highlights that investors place a premium on policy clarity, even when that clarity carries a more hawkish message,” Shah added.

FED DISSENTERS WARN INFLATION COULD BECOME ENTRENCHED WITHOUT MONETARY POLICY TIGHTENING NOW

Fed Chair Kevin Warsh emphasized price stability is the central bank’s main target at the moment. (David Paul Morris/Bloomberg via Getty Images)

Gregory Daco, chief economist at EY-Parthenon, noted that Warsh’s speech came against a backdrop in which the Federal Reserve’s credibility and commitment to its price stability mandate was being questioned amid his resistance to providing forward guidance or discussing economic fundamentals.

“Nearly 100 days into his term as Fed chairman, Warsh delivered some long-awaited humility during his first address at the Kansas City Fed’s Jackson Hole Symposium, saying ‘we take our responsibility seriously, with humility and resolve,’” Daco said.

FED’S FAVORED INFLATION GAUGE ROSE MORE THAN EXPECTED IN JULY

“It appears Chairman Warsh realized that he couldn’t appear as the monetary policy maestro that he aspires to be without leading the orchestra to a flawless symphony first,” he said. “As such, he took up the task and delivered on three fronts that are basic principles for any central banker.”

“First, he provided a clear, fact-based and nuanced assessment of the U.S. economy, employment and inflation. Second, he reaffirmed PCE inflation as the gauge for the Fed’s 2% target and the fed funds rate as the main policy tool. Third, he suggested a reaction function indicating readiness to tighten should inflation fail to move sufficiently rapidly toward the 2% target,” Daco said.

Bret Kenwell, U.S. investment analyst at eToro, said that “Warsh has been adamant that the Fed should communicate less frequently, viewing forward guidance as inappropriate outside of a crisis.”

“That approach could result in more surprises for investors, and in turn, increased volatility. That’s particularly true if the Fed adopts Warsh’s view that there are ‘no excuses’ for failing to keep inflation in check,” Kenwell said.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Jeffrey Roach, chief economist at LPL Financial, explained that he believes, “We are entering a new era of monetary policy, one defined by less signaling, greater emphasis on real-time data, and a willingness to rethink economic first principles as AI reshapes the economy’s productive capacity.”

“The distinctly hawkish speech gave support to the dollar as the chairman appears comfortable keeping policy higher for longer,” Roach added.

Shares of Amazon.com Inc. climbed nearly 4% Friday after investment firm Evercore ISI raised its price target on the e-commerce and cloud computing giant, pointing to new survey data showing artificial intelligence tools are already driving additional purchases on the company’s retail platform.

Amazon stock traded at 266.18 dollars, up 9.92 dollars, or 3.87%, as of 12:19 p.m. Eastern time on the Nasdaq, according to Google Finance data. The move added to a stretch of strong performance for the stock in recent weeks following the company’s second-quarter earnings report earlier this month.

Evercore ISI raised its price target on Amazon to 355 dollars from 315 dollars while maintaining its outperform rating on the stock, according to a research note from the firm. The new target implies substantial additional upside from the stock’s level heading into Friday’s trading session.

The revised target was based in part on findings from Evercore’s 14th annual U.S. online retail survey, which the firm said showed early but meaningful evidence that Amazon’s investment in agentic artificial intelligence tools, including its Alexa+ assistant, is translating into incremental sales. According to the survey, 57% of Alexa AI users reported buying a product they had not previously been aware of, a figure the firm’s analysts described as new evidence that AI-driven discovery is beginning to pay off commercially for the company.

“For the first time, survey evidence shows that agentic AI is actually additive for Amazon Retail, with 57% of Alexa AI users buying a product they were not previously aware of,” Evercore ISI analyst Mark Mahaney wrote in a note to clients Thursday.

The survey also pointed to a recovery in usage of Amazon’s same-day delivery service, with 49% of respondents reporting they had used the option, alongside data showing that Amazon Prime members continue to spend significantly more than non-Prime customers, at a rate the firm pegged at roughly 3.1 times higher.

Evercore’s bullish case extended beyond Amazon’s retail operations to Amazon Web Services, the company’s cloud computing division, which the firm said now accounts for roughly 60% of Amazon’s total operating income and has posted year-over-year operating income growth of 64%. The firm also cited Amazon’s continued buildout of AI data center capacity, including a large-scale power infrastructure project in Sweden, as a factor that reduces risk around the company’s ability to meet growing demand for AI computing resources.

Friday’s rally builds on a broader run of strength for Amazon shares since the company reported second-quarter results earlier this month. In that report, Amazon posted total revenue of 200.6 billion dollars, up 20% from a year earlier and above analyst expectations of roughly 196 billion dollars. Adjusted earnings per share came in at 1.97 dollars, well ahead of the 1.82 dollars analysts had expected, while AWS revenue surged 37% year-over-year to 42.2 billion dollars, marking the cloud unit’s fastest growth rate in 18 quarters.

On the earnings call following that report, Amazon Chief Executive Officer Andy Jassy told investors the company still lacks sufficient computing capacity to meet current demand. “But even at that amount, we will still not have enough capacity to meet all the demand we have in 2026, and I believe this dynamic will also be true in 2027 too,” Jassy said, referring to the company’s raised capital expenditure projection of 220 billion dollars for the year, up from an earlier estimate of 200 billion dollars. “In fact, the demand we already have for 2028 is striking,” he added.

Amazon’s stock has also been supported this year by developments tied to its investment in artificial intelligence company Anthropic and by regulatory approval for its self-driving vehicle subsidiary, Zoox, which received federal clearance from the National Highway Traffic Safety Administration to commercially deploy thousands of purpose-built robotaxis without steering wheels.

Despite the recent gains, some analysts and investors have flagged concerns about Amazon’s valuation and spending trajectory. The company’s sharply higher capital expenditure plans, driven in large part by rising costs for the memory chips used in AI infrastructure, have pushed the company’s projected full-year free cash flow into negative territory, a dynamic that some market watchers have said warrants continued scrutiny even as the stock rallies. Filings have also shown continued insider stock sales by Amazon executives, including Jassy and Chief Financial Officer Brian Olsavsky, as well as previously disclosed plans by founder Jeff Bezos to sell shares under a structured trading plan.

Even so, Wall Street’s broader view of Amazon has remained largely positive in recent weeks, with multiple firms reiterating buy ratings and raising price targets following the company’s earnings report. Evercore’s revised outlook adds to that trend, framing Amazon’s combination of AI-driven retail growth and continued AWS momentum as a case for further multiple expansion in the stock.

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SCHD, SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.