WS #13327
Amazon stock up ~5% to new ATH, market cap exceeds $3T, driven by strong Q2 and AI cloud demand; Raymond James raises PT to $390. Russia's FAS opens antitrust case against Apple for failing to pre-install Russian apps, potential fine up to $50M. Mag7 ETF forward P/E at record low below 24; JPMorgan sees ~30% upside to one std dev below mean, with Amazon and Meta multiples down a third.
Amazon crosses $3T market cap
Amazon stock up ~5% to new ATH, market cap exceeds $3T, driven by strong Q2 and AI cloud demand; Raymond James raises PT to $390.
Russia's FAS opens antitrust case against Apple for failing to pre-install Russian apps, potential fine up to $50M.
Mag7 ETF forward P/E at record low below 24; JPMorgan sees ~30% upside to one std dev below mean, with Amazon and Meta multiples down a third.