Satellite-readiness for broadband rollout is a potentially meaningful business development, and the article also points to continued progress in on-device AI via custom chips—both can support investor sentiment beyond intraday.
Amazon. com (AMZN) A Top AI Stock on Wall Street Radar Pursuing Broadband Service Opportunities Neha Gupta Thu, July 9, 2026 at 12:00 AM GMT+2 1 min read AMZN Amazon. com, Inc.
(NASDAQ: AMZN ) is a top AI stock on Wall Street's radar . On July 2, Bloomberg reported Amazon. com, Inc.
(NASDAQ:AMZN) has enough satellites in orbit to start rolling out its broadband service, Amazon Leo. Amazon. com, Inc.
(AMZN) A Top AI Stock on Wall Street Radar Pursuing Broadband Service Opportunities christian-wiediger-rymh7EZPqRs-unsplash The company has more than 390 satellites deployed and has completed enough launches for the initial service. The push follows the Atlas V rocket, carrying the latest batch of Amazon Leo Satellites, as it takes off from Cape Canaveral Space Force Station in Florida. Meanwhile, Amazon has confirmed it's working on its own artificial intelligence chips for Echo, Fire TV, and future devices.
According to Panos Panay, the head of devices and services at Amazon, the focus on custom chips is part of a broader push to improve AI on devices. The company has already unveiled the AZ3 and AZ3 Pro chips, designed to run AI models on devices rather than in the cloud. It joins the likes of Apple, which designs its own chips to gain more control over hardware and software integration.
Amazon. com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 10 Best Dividend Stocks Yielding at Least 5% to Buy According to Hedge Funds and Top 10 Stocks to Buy According to Ariel Investments .
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