PomegraMeta and Amazon Stocks Rise 5% on JPMorgan AI Picks
Why are Meta and Amazon stocks up today?
Meta (META) stock rose 5% to about $641 and Amazon (AMZN) gained 3.5%–5% on Monday after JPMorgan named both its top AI picks, citing ad growth and AWS cloud growth.
Key numbers
| Meta stock (midday) | $637.77+5% |
|---|---|
| Amazon stock | +3.5% to +5%+5% early, +3.5% later (sources differ) [1][2][5] |
| Meta Q3 ad revenue growth | +26%about $13B added vs a year ago |
| AWS Q3 revenue growth | +39%JPMorgan sees 40%+ in 2027–2028 |
| JPMorgan Meta price target | $940Overweight rating kept (per [4]) |
| Alphabet stock | $293.71+3% despite removal |
What happened
Meta (META) stock rose 5% to about $641 and Amazon (AMZN) gained 3.5%–5% on Monday after JPMorgan named both its top AI picks, citing ad growth and AWS cloud growth. JPMorgan analyst Doug Anmuth added Meta to the bank's Analyst Focus List, its short list of favorite stocks, and removed Alphabet. Meta's ad sales grew 26% in the third quarter compared with a year ago, adding about $13 billion, roughly twice Google Search's gain. Amazon's cloud unit, AWS, grew 39%, and Amazon expects growth above 40% in 2027 and 2028.
Why it matters
Meta and Amazon now sit at the top of JPMorgan's list of favorite internet stocks, which large investors watch closely. The move shows investors are rewarding companies that are already earning more money from AI, such as through better ads and cloud sales. Alphabet lost its spot because its Google Search growth slowed to 12%.
Who this affects
- MarketbullishMedium impact
- Tech investors gained as money rotated within big tech.
- CompanybullishMedium impact
- Meta and Amazon shareholders gain as stocks rise about 5%.
- CompetitorsmixedLow impact
- Alphabet lost its spot but still rose about 3%.
- IndustrybullishMedium impact
- AI payoff now judged by ad and cloud revenue growth.
Meta vs Amazon, Alphabet, Microsoft
How we got here
JPMorgan's Doug Anmuth adds Meta to Analyst Focus List, drops Alphabet; Amazon stays a top pick.
Premarket, Amazon is up about 3% and Meta about 2.5% on the note.
Meta and Amazon hit gains near 5% in morning trading; Alphabet rises 3%.
What to watch
- Whether Meta's ad revenue passes Google Search in Q4, as JPMorgan expects.Q4 2026
- Whether AWS growth reaches the 40%+ pace Amazon and JPMorgan expect.2027
- Amazon's negative free cash flow, down $42.4B over 12 months, as AI spending continues.Q4 2026
Educational content only. Not investment advice.
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