Keep pulling the thread on Amazon Prime.
Amazon Web Services (AWS) is the market leader in cloud computing, holding an estimated 35% to 40% market share.
Amazon is producing its own custom chips to compete with NVIDIA's AI processors, with a key selling point being that they are more cost-effective.
Amazon is making a $200 billion investment in CapEx for data centers this year.
A significant risk to Amazon's e-commerce business is the potential for consumers to shift their shopping searches to chatbots like ChatGPT or Claude, disrupting Amazon's position at the top of the sales funnel.
ChatGPT is used by one billion people every week.
Amazon Web Services (AWS) recently achieved its fastest growth rate in several years.
A conflict initiated by the Trump administration with Iran has resulted in the closure of the Strait of Hormuz for over two months.
The stock market has a persistent expectation that it will be rescued by the Federal Reserve during downturns, a pattern established by chairs Greenspan, Bernanke, and Powell.
A third-party survey by Consumer Intelligence Research Partners published in December estimated that Amazon Prime has around 200 million subscribers.
Amazon's business structure is described as a "corporate turducken," comprising an advertising business, a logistics company, an e-commerce marketplace, a cloud computing powerhouse (AWS), and garnished with Alexa, Whole Foods, and Prime Video.
Microsoft made an early investment in the AI company OpenAI.
Google made a very early investment in the AI company Anthropic.