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Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan
24/7 Wall St.72d agoneutral
Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan

Jeff Bezos walked the factory floor at Blue Origin on May 20, 2026 and used a CNBC interview to propose zero federal income tax for any American earning $75,000 a year or less. He framed wealth inequality as a government efficiency problem, anchoring his argument around a single working person. “There’s this tale of two ... Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan

Amazon Chases $3 Trillion Market Cap As Prime Day 2026 Looms
Investor's Business Daily72d agoneutral
Amazon Chases $3 Trillion Market Cap As Prime Day 2026 Looms

After a slow start to the year, Amazon stock has come roaring back to a near $3 trillion market capitalization. While AI remains the top focus for investors, the company's massive retail business has a big test coming up: Prime Day. Amazon's retail business has held up against a "bifurcated consumer market," Sergei Pliutsinski, an analyst at investment management firm Harding Loevner, told Investor's Business Daily.

Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”
Insider Monkey72d agoneutral
Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”

Amazon.com, Inc. (NASDAQ:AMZN) was among the stocks Jim Cramer discussed on Mad Money, highlighting several companies with market caps over a trillion dollars. Cramer called himself a huge believer in the company, as he commented: Number five, Amazon, misunderstood, even by me. Now, I’ve become a, you know, I’m a huge believer of this one. […]

Blue Origin rocket explodes during test in setback for Jeff Bezos
Reuters Videos72d agoneutralVIDEO
Blue Origin rocket explodes during test in setback for Jeff Bezos

<body><p>STORY: :: Courtney Blair</p><p>This uncrewed Blue Origin rocket had just ignited in its launchpad on Thursday when it suddenly exploded...</p><p>erupting into a massive fireball,&nbsp;sending a towering plume of flames and smoke into the air.</p><p>Jeff Bezos' space venture said it had experienced an “anomaly,” a term commonly used to describe a launch failure or explosion.</p><p>In a post on X, the Amazon billionaire said all personnel were accounted for and that it was "too early to know the root cause" of the incident.</p><p>NASA Administrator Jared Isaacman said the agency would work with partners to support an investigation, adding that NASA would provide information on any impact to its Artemis and Moon Base programs.</p><p>The incident is a major setback for Bezos' Blue Origin, as it seeks to narrow the gap with Elon Musk’s IPO-bound SpaceX.</p><p>Both billionaire-run companies have been racing to help return people to the moon by designing the lunar landers NASA will use.</p><p>Musk responded on X to a video of the Blue Origin explosion, saying: “Most unfortunate. Rockets are hard."</p></body>

Dell raises outlook on surging AI infrastructure demand, sending shares sharply higher (DELL)
InvestorsHub72d agoneutral
Dell raises outlook on surging AI infrastructure demand, sending shares sharply higher (DELL)

Dell (NYSE:DELL) increased its full-year revenue and earnings guidance on Thursday, highlighting robust demand for its artificial intelligence-focused server portfolio as businesses accelerate investments in data center infrastructure powered by advanced Nvidia technology. The upbeat forecast triggered a strong market reaction, with Dell shares jumping around 39% in extended trading as investors welcomed evidence that spending on AI infrastructure continues to gather momentum.

Dell rallies about 40% on strong Nvidia‑powered AI server demand
Reuters72d agobullish
Dell rallies about 40% on strong Nvidia‑powered AI server demand

Shares of Dell Technologies soared nearly 40% in premarket trading on Friday, after robust demand for its Nvidia-powered ‌AI servers prompted the company to raise its annual revenue ‌and profit forecasts. Dell has benefited significantly from data center investments by Alphabet and Amazon, as well as price increases and improved supply chain management. On Thursday, Dell ‌raised its annual revenue forecast ⁠to $165 billion to $169 billion from $138 billion to $142 billion, and said it now expects AI server revenue of about $60 ⁠billion in fiscal 2027, up from $50 billion.

Navellier to SpaceX buyers: wait for escape velocity
TheStreet72d agobullish
Navellier to SpaceX buyers: wait for escape velocity

While it seems like every retail investor on the planet is going to be fighting over SpaceX shares on initial public offering (IPO) day, I believe this is a classic wait-and-see. Further, aerospace suppliers might be a better way to profit from the SpaceX IPO craze than a direct investment in ...

Dell shares rocket on bullish forecast for AI demand
Reuters Videos72d agoneutralVIDEO
Dell shares rocket on bullish forecast for AI demand

<body><p>STORY: :: Dell</p><p>Dell shares rocketed higher in after-hours trade Thursday, jumping around 39%.</p><p>The surge came after the computer maker lifted revenue and profit expectations.</p><p>Dell says it is seeing soaring demand for AI-optimized servers used in data centers.</p><p>It’s benefiting as tech giants like Alphabet and Amazon plan to spend over $700 billion on AI-related infrastructure this year.</p><p>Dell now expects annual revenue of up to $169 billion - way up on the previous forecast of up to $142 billion.</p><p>AI server revenue is expected to hit $60 billion for fiscal 2027, $10 billion up on previous expectations.</p><p>The company has been adjusting prices constantly as strong global demand causes the cost of memory chips to soar.</p><p>:: Dell</p><p>On a call with analysts, Chief Operating Officer Jeff Clarke said he knew customers were feeling the pain.</p><p>But he said there was little sign of inflationary pressure easing.</p><p>One analyst told Reuters that Dell looked well placed to cope with the chip shortage, helped by its scale and strong relationships with suppliers.</p></body>

Is Amazon.com (AMZN) the Best Strong Buy Stock to Buy and Hold for the Next 5 Years?
Insider Monkey72d agobullish
Is Amazon.com (AMZN) the Best Strong Buy Stock to Buy and Hold for the Next 5 Years?

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 12 Strong Buy Stocks to Buy and Hold for the Next 5 Years. On May 21, 2026, QAD Redzone announced an expanded strategic collaboration with Amazon Web Services, a unit of Amazon.com, Inc. (NASDAQ:AMZN), and Tata Consultancy Services. The companies said the collaboration is aimed at helping manufacturers […]

Peter Schiff: The $1 Trillion AI CapEx Bubble Is Hiding a Massive Capital Misallocation
24/7 Wall St.73d agoneutral
Peter Schiff: The $1 Trillion AI CapEx Bubble Is Hiding a Massive Capital Misallocation

Peter Schiff, the gold bug and Euro Pacific Capital chief who has spent two decades predicting the next dollar crisis, used his podcast The Peter Schiff Show episode “The Debt, the AI Bubble, and Strategy’s Liquidity Crisis… It’s All Connected” to frame the AI buildout as capital misallocation. His number is blunt. Companies are spending ... Peter Schiff: The $1 Trillion AI CapEx Bubble Is Hiding a Massive Capital Misallocation

Australian watchdog sues Amazon unit over children's backpack safety
Reuters73d agoneutral
Australian watchdog sues Amazon unit over children's backpack safety

Australia's competition watchdog said on Friday that it has initiated legal action against Amazon's local unit, alleging breaches ‌of product safety labelling laws related to children's backpacks. According to ‌the Australian Competition and Consumer Commission (ACCC), the company is accused of supplying children's "Unicorn Toddler Backpacks" ​that were not compliant with mandatory safety standards for button batteries.

Amazon Tariff Lawsuit Tests Pricing Practices And Investor Confidence
Simply Wall St.73d agobearish
Amazon Tariff Lawsuit Tests Pricing Practices And Investor Confidence

Amazon.com (NasdaqGS:AMZN) is facing a new class action lawsuit over tariff-related fees charged to customers during the 2025 to 2026 IEEPA tariff period. The claim alleges Amazon collected and kept fees linked to tariffs that were later invalidated by the Supreme Court. Plaintiffs argue customers may have overpaid hundreds of millions of dollars, while Amazon could be eligible for federal refunds of those tariff amounts. For investors watching Amazon.com at a share price of $274.0, this...

One of the S&P 500’s Highest Dividends Looks Even Better Now
Barrons.com73d agoneutral
One of the S&P 500’s Highest Dividends Looks Even Better Now

Best Buy is known for its laptops and smartphones. Best Buy stock surged nearly 17% Thursday after the electronics chain reported first-quarter operating earnings of $1.28 a share, up from $1.15 a year earlier—helped by higher margins and a 2% bump in same-store sales. Best Buy, meanwhile, stoked the uncertainty further when it announced in April that CEO Corie Barry would step down Oct. 31, to be replaced by longtime company veteran Jason Bonfig.

Dell raises annual forecasts as AI data center buildout fuels demand
Reuters73d agobullish
Dell raises annual forecasts as AI data center buildout fuels demand

Dell boosted its annual revenue and profit expectations on Thursday, showing data center expansion by clients is ‌fueling demand for its AI-optimized servers that are powered ‌by Nvidia's powerful chips. U.S. tech giants including Alphabet and Amazon plan to spend over $700 ​billion on AI infrastructure this year, which would drive up demand for server and data center equipment from suppliers such as Dell and Super Micro Computer. These AI servers are critical for powering services such as ‌ChatGPT, as they are ⁠equipped with advanced memory chips to store data and instructions, providing the immense computing power required for such ⁠applications.