AMZN News & Events

Tensions in the Strait of Hormuz are percolating again as Iranian officials have walked back its messaging of a deal being reached and President Trump upped his bellicose rhetoric, stating that it is unlikely that Wednesday's deadline for ceasefire will be extended.  Oil prices jumped on the news toward $90 per barrel and Energy was the best performing sector in the S&P 500, though the impact on broader sentiment was relatively mild, with U.S. indices finishing lower by less than 0.3%.  Communication Services was the worst performing area of the market as Netflixremained weak after last week's post-earnings selloff and Metaalso turning in the worst performance among the MAG-7.In the opening hour of the evening session, index futures are more upbeat - S&P e-minis are up a decimal and Nasdaq 100 contract is up 0.2%.  Of note afterhours, Amazon.comhas continued its climb toward record highs after announcing an expanded investment in Anthropic.  Applemeanwhile is laying the groundwork for a leadership transition, announcing John Ternus will be the company's next CEO while  Tim Cook transitions to a role of Executive Chairman effective September 1.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RBB Bancorpup 4.2%CNB Financialup 2.0%Flexsteel Industriesup 1.6%Steel Dynamicsup 0.5%NETSTREITup 0.5%ALSO HIGHER -Amazon.comup 2.6% after announcing expanded investment in AnthropicDOWN AFTER EARNINGS -Washington Trust Bancorpdown 7.1%Alaska Air Groupdown 5.4%Zions Bancorporationdown 3.0%AMCON Distributingdown 1.8%ALSO LOWER -Spruce Biosciencesdown 14.2% after equity offeringAXT, Inc.down 11.9% after Q1 pre-announcement, equity offeringApple (down 0.5% after announcing succession plan for CEO Cook

Amazon.com up 3% afterhours on announcement of further Anthropic investment

Amazon said it Anthropic are deepening their collaboration with a commitment from Anthropic to spend more than $100B over the next ten years on Amazon Web Service technologies. "This encompasses current and future generations of Trainium (Amazon's custom silicon) and tens of millions of Graviton cores (Amazon's widely-adopted CPU chip) to provide superior price performance. Anthropic will secure up to 5 gigawatts of capacity to train and power their advanced AI models, including significant Trainium3 capacity expected to come online this year. The collaboration also includes a meaningful expansion of international inference in Asia and Europe to better serve Claude's growing international customer base," Amazon said in a statement. The commitment includes Trainium2, Trainium3, Trainium4, and the ability to purchase future generations of Trainium as they become available. AWS customers will be able to access the full Anthropic-native Claude console from within AWS. Separately, Amazon will invest $5B in Anthropic today and up to an additional $20B in the future tied to certain commercial milestones. This is in addition to the $8B Amazon previously invested in Anthropic.

Amazon said it will invest $5B in Anthropic today and up to an additional $20B in the future tied to certain commercial milestones. This is in addition to the $8B Amazon previously invested in Anthropic.