// COMPARE

Amazon gained 0.6% to $272.68. AWS growth reacceleration and the expanding AI moat narrative kept the stock within 2% of highs.

Amazon's custom Trainium chips and AWS's AI inference platform are positioning it as the picks-and-shovels play alongside NVIDIA. Margins are expanding.

52-week high at $278.56 is the target. Prime Day timing announcement and any new AWS AI product launches could catalyze the breakout.

Gold dropped $35 to $4,684 despite Trump rejecting Iran's peace deal. Risk-on flows into equities and crypto pulled capital away from the safe haven.

Gold's failure to rally on geopolitical escalation is a bearish signal. The metal is trading as a crowded long, not a hedge — profit-taking dominates.

US CPI Tuesday is the swing factor. Hot print revives real-rate fears and pressures gold further; soft print restores $4,730+.