Amazon Gains 5% on Shareholder Letter, Globalstar Deal, $15 Billion AWS AI Revenue

• Amazon (AMZN) stock spiked on Thursday, fueled by CEO Jassy’s shareholder letter revealing $15B in AWS AI annualized revenue and a $200B 2026 capex commitment for AI infrastructure.

• Amazon’s acquisition talks with Globalstar (GSAT) would fortify Project Kuiper satellite internet against SpaceX’s Starlink, while Amazon Pharmacy’s same-day delivery of Eli Lilly’s (LLY) Foundayo GLP-1 pill taps a massive weight-loss market.

• Amazon’s free cash flow fell 65.95% YoY in 2025 due to AI capex; the $200B 2026 spending commitment keeps the pressure elevated.

• The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.

Amazon (NASDAQ:AMZN) shares are up 5% in Thursday’s session, climbing from $221.25 to $232 as of midday. Multiple independent catalysts are landing simultaneously, each capable of moving the stock on its own.

CEO Andy Jassy’s annual shareholder letter is the primary driver of Amazon stock, but reports of acquisition…