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Pershing Square Fuels Amazon Stock Rally on AI Growth

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 expansion and retail growth in its second-quarter 2026 investor letter. The stock gained 5.56% over one month, with a market value of $2.82 trillion.

The recovery followed stronger cloud growth and retail momentum, which supported Amazon's business results. Pershing Square noted that Amazon shares gained 14% during the second quarter and 3% year-to-date.

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

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