1. Amazon.com, Inc. (NASDAQ:AMZN)
On June 16, 2026, PennyMac Financial Services (PFSI) expanded its strategic agreement with Amazon Web Services, an Amazon.com, Inc. (NASDAQ:AMZN) company, to accelerate its transformation into an AI-driven mortgage technology leader. PennyMac is using AWS’ generative AI capabilities to upgrade its mortgage application and servicing processes, including conversational AI-powered virtual assistant capabilities powered by Amazon Nova Sonic. Jim Follette, Chief Digital Officer at Pennymac, said the company is using technology to change how mortgages are made and deliver a more seamless borrower journey.
Earlier in June, Amazon.com, Inc. (NASDAQ:AMZN) announced a series of investments tied to employee upskilling, faster international deliveries, European operations expansion, job creation, and robotics. The announcements, made at the company’s Delivering the Future event in London, included a more than EUR 10B commitment to expand and upgrade fulfillment centers in Europe with next-generation robotics. Amazon also said the next generation of its autonomous Proteus robot is being piloted in its labs, with deployment in Europe planned for the first half of 2027. As part of the EUR 10B investment, Amazon.com, Inc. (NASDAQ:AMZN) plans to grow its European fulfillment center workforce by 25,000 over the coming years. The company is also committing $1B to Career Choice by 2030, expanding access to fully funded training for careers in cybersecurity, software development, logistics, renewable energy, and mechatronics.
Amazon.com, Inc. (NASDAQ:AMZN) sells consumer products and provides advertising, subscription, and related services through online and physical stores in North America and internationally.
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.
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