Amazon (AMZN) Deepens AWS Security Offering in Europe

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best Stocks to Buy in Glen Kacher’s Light Street Portfolio.

Amazon (AMZN) Deepens AWS Security Offering in Europe

On July 1, 2026, Check Point Software Technologies launched its Cloud Firewall on the new AWS European Sovereign Cloud, expanding its partnership with Amazon.com, Inc. (NASDAQ:AMZN)’s Amazon Web Services (AWS). The AWS European Sovereign Cloud is an EU-based cloud infrastructure designed to help European enterprises and governments meet strict operational autonomy as well as data residency mandates. The new integration provides highly regulated organizations with prevention-first security and AI-powered threat intelligence across networks and applications.

In another development, on July 2, 2026, a Bloomberg article reported that Amazon.com, Inc. (NASDAQ:AMZN) is on track to launch its satellite broadband service later this year, following a successful United Launch Alliance (ULA) rocket deployment. The Atlas V launch on July 2 carried the latest batch of Amazon Leo satellites, bringing Amazon’s orbital fleet to over 390. According to company officials, this provides enough capacity to begin initial operations, potentially challenging SpaceX’s dominant Starlink network. While future missions plan to utilize ULA’s new Vulcan rocket, recent technical delays have kept the Atlas V as Amazon’s primary launch vehicle. Amazon.com, Inc. (NASDAQ:AMZN) constitutes about 4.87% of Light Street’s total portfolio value.

Founded in 1994, Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. The Washington-based company has invested heavily in vertical integration by designing its own specialized microprocessors, including Trainium and Inferentia, to scale AI models efficiently.

While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

Read Next: Chris Hohn’s TCI Fund Portfolio: 9 Best Stocks to Buy and Chase Coleman’s Tiger Global Portfolio: 10 Best Stocks to Buy

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