Amazon (AMZN) trades at about 24 times forward earnings, and investors are asking whether its cloud and retail businesses can fund the robotaxi bet through Zoox. Regulators approved Zoox to charge for rides, a commercial milestone, but that does not yet prove profitable operations. Second-quarter sales rose 20% to $200.6 billion and operating income rose 43% to $27.5 billion, with AWS revenue up 37% to $42.2 billion and operating income of $16.6 billion. Free cash flow was negative $7.6 billion over the twelve months ended June 30 as property and equipment spending grew, which Amazon mainly attributed to AI investment. The forward P/E is 23.64 versus a 15.40 median for the consumer-discretionary sector, and second-quarter non-operating pre-tax income of $53.4 billion came mostly from Anthropic investments, while hedge fund holders rose to 369 from 353.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/20/2026 | 262.76 |
| Change that session | +0.12% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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