Amazon.com Inc. and Meta Platforms Inc. have struck a multibillion-dollar deal for the social-media giant to rent hundreds of thousands of Amazon’s general-purpose chips for its AI efforts.

Amazon (NASDAQ: AMZN) and Meta (NASDAQ: META) both recently dropped Q1 2026 results, and the earnings reports could not have framed two more different empires. Amazon is becoming the picks-and-shovels landlord of the AI era.

In the latest big AI deal, Meta has inked a multibillion-dollar deal to use Amazon's new AWS Graviton chips, which are CPUs, not GPUs.

Even at an all-time high, Amazon could still be a good long-term buy.

Google, Amazon, Microsoft, and Meta collectively plan to spend $725 billion on capex in 2026, up 77% from last year's record $410 billion.

SINGAPORE] The first four months of 2026 were marked by a significant wave of layoffs across the global corporate landscape. Companies are increasingly pivoting away from pandemic-era expansion towards lean,

PhonePe and Google Pay command 80% of India's UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.

Futures rose with Google, Amazon and Caterpillar big earnings winners, though Meta tumbled. Oil prices reversed lower from overnight gains.