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Down, but far from out, shares of Amazon (NASDAQ: AMZN | AMZN Price Prediction) are up slightly this morning. That’s after Bank of America reiterated its buy rating on the e-commerce giant.
“Amazon shares are down 6% since 4Q earnings (vs the S&P 500 at +1%) as investors have questioned elevated sector investment levels and returns on AI spend. However, we think sentiment can improve as AWS revenues accelerate, Trainium adoption increases, and new AI deals are signed, validating Amazon’s lower cost strategy,” said the firm, as quoted by CNBC.
Markets appear to like what President Trump had to say last night.
Plus, Nvidia (NASDAQ: NVDA) and Oracle (NYSE: ORCL) are just starting to take off again.
At the moment, the S&P 500 is up 0.3%, or by 21 points. The SPDR S&P 500 ETF (SPY) is up about 0.3%, or by $2 a share. The Dow is up 0.31%, or by 151 points. The Nasdaq is up 0.44%, or by 110 points. Gold is up $30 at $5,188. Silver is up $3.31 at $90.82. And Bitcoin is showing signs of life again, tacking on $2,161 to last trade at $66,212.
401(k) for Everyone
In his speech, President Trump called for the creation of a government-backed 401(k) program for folks who don’t receive employer matches. “My administration will give these oft-forgotten American workers, great people, the people that built our country, access to the same type of retirement plan offered to every federal worker,” Trump said, as quoted by CNBC. “We will match your contribution with up to $1,000 each year.”
He also wants Congress to pass legislation that would prevent institutional investors from buying up single-family homes. “I’m asking Congress to make that ban permanent, because homes for people, really that’s what we want,” Trump said. “We want homes for people, not corporations; corporations are doing just fine.”
Nvidia on the Move
With earnings out after the closing bell, Nvidia is higher on optimism.
Helping, analysts at Rothschild & Co. Redburn reiterated a buy rating on the tech giant.
And, in a note to CEO Jensen Huang, it said there are issues NVDA must address. “Six potential threats over the next 8 quarters. As we head into earnings and then GTC San Jose in March 2026, the market will be responsive to your perspective on six potential strategic threats.”
Analysts at Citi just reiterated a buy rating on the tech giant. The firm noted that it’s recommending investors add to NVDA, as the valuation looks attractive and the stock is likely to outperform in the second half of 2026.
That’s because its status as an AI leader has made it a key bellwether for all AI stocks. The good news is that big tech companies that operate data centers, or hyper scalers, are saying they will increase massive AI capex this year, with a good chunk of that going to AI. We also have to consider that CEO Jensen Huang has said demand for the company’s new Blackwell platform data center products was “off the charts.”
Also, as noted by analysts at Wedbush, “Looking ahead to the remainder of 2026 and into 2027, the focus is already shifting toward NVIDIA’s next milestone: the Rubin (R100) architecture.
It’s also time to buy Oracle, Says Oppenheimer
Oppenheimer says that it’s time to buy Oracle.
With a $185 price target, the firm says, “While our call may be early, since it will take time for Oracle to show financial success as a more capital-intensive business in future results, we see a favorable risk/reward after the stock’s multiples have been cut by more than half since September,” as quoted by CNBC.
For us, after seeing Oracle catch strong double bottom support at around $140, we’d like to see it retest $175 initially.
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