Key Points
Amazon (NASDAQ: AMZN) reached an all-time high following its Q2 2026 earnings report, with Amazon Web Services (AWS) revenue soaring 37% to $42.2 billion. The company’s cloud computing segment is poised for further growth, backed by a $496 billion backlog and partnerships with AI firms like Anthropic and OpenAI.
Apple (NASDAQ: AAPL) is also maintaining a strong position despite a slight dip post-Q3 2026 earnings, affected by service revenue and memory price concerns. Apple’s ecosystem, which promotes high customer retention and a growing services business, contributes significantly to its long-term viability. The company’s forward P/E ratio stands at 32 times fiscal 2027 estimates.
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