// COMPARE

Amazon gained 0.79% to $274.00 with Snowflake's AWS partnership and AI-demand story providing a lift. AWS leverage to enterprise AI capex still the cleanest read.

AMZN is benefiting from the Snowflake-AWS narrative just as much as Snowflake — every AI workload migration is AWS revenue. The Schiff bubble warning is the only macro overhang.

Any AWS Q1 enterprise customer color; Prime Day positioning. $278 resistance; support $270. Retail margins remain the underrated swing factor next earnings.

Meta closed unchanged at $635.29 as Instagram/Facebook/WhatsApp subscription chatter went sideways. Anthropic $1T valuation headlines redirected AI-capex attention away from in-house Meta spend.

META is in a holding pattern — fundamentals are fine, but the marginal AI capex narrative is rotating to pure-plays (Anthropic, Micron) over hyperscalers. Subscription monetization story is too early to price.

Any concrete subscription pricing detail; Reality Labs Q2 read-through. $640 caps; support $625. PCE Friday matters less for META than for rate-sensitive peers.