Freedom Broker maintains Amazon.com at Buy, raises price target to $330 from $255

Anthropic reported a 47% revenue increase to $16.962 billion but swung to a $567 million operating loss. The AI company, preparing for an IPO, has committed $895.4 billion to AI infrastructure, with Broadcom, Google Cloud, SpaceXAI, and AWS as key suppliers. SK hynix is considering DRAM production in Ohio, while LG Energy Solution saw a 25.7% rise in Q3 operating profit.

Amazon Web Services (AWS) is reportedly the buyer in a $264M land deal for a potential data center campus in West Richland, WA, according to the Tacoma News Tribune. The project could span 1,000 acres and create up to 150 jobs. AWS confirmed its involvement but no permits have been filed yet.

Amazon's stock fell 6.5% after reporting a $42.4B negative cash flow due to AI investments, totaling $94.8B in spending. Despite this, revenue grew 12% to $201.9B, with a net income of $20.7B. Advertising revenue declined, while AWS saw growth, according to the company.

Pfizer PFE reported Q3 revenue of $16.6B, beating estimates, and raised full-year guidance. Trump announced ending U.S. military aid to Israel by year-end. Spain opened new sanction proceedings against Apple AAPL and Amazon AMZN for alleged anti-competitive practices.

Amazon will refund up to $200 to certain U.S. Prime customers as part of a $1.5B FTC settlement. Eligible customers, who were enrolled without consent or struggled to cancel, will receive payments automatically by April 2027. The FTC expanded eligibility in September 2026, increasing the maximum payout.

Spain's competition watchdog, CNMC, opened new sanction proceedings against Apple and Amazon for allegedly failing to comply with a 2023 order to end anti-competitive practices involving Apple products on Amazon's Spanish site. The regulator previously fined the companies 194M euros for restricting resellers and advertising. The investigation may take up to three months.