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Amazon Stock Rises as Pershing Square Highlights AI Growth and Retail Strength

Guavy AI Editorial Team
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AMZN
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Amazon's stock price rebounded above $260 after Pershing Square highlighted the company's AI growth and retail strength in its second-quarter 2026 investor letter.

The investment firm reported that Amazon shares gained 14% during the second quarter and 3% year-to-date. However, it also noted that spending on AWS data centers continued to weigh on the stock.

AWS revenue growth accelerated above 30% in 2026, compared with 20% growth during 2024 and 2025. Pershing Square linked this faster growth to increasing adoption of artificial intelligence services.

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