Supreme Court to Rule on Trump's Tariff Regime
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
0mins
Should l Buy AMZN?
Source: Benzinga
- Legal Challenge: The Supreme Court is set to release its ruling today at 10 a.m. ET on the case Learning Resources, Inc. v. Trump, which questions whether Trump can legally impose tariffs using the International Emergency Economic Powers Act (IEEPA), with lower courts ruling against him twice.
- Market Predictions: On Polymarket, the odds of Trump winning the tariff case stand at just 24%, reflecting skepticism in the market, with a trading volume exceeding $4.5 million and a slight decline in the odds over the past two days.
- Refund Complications: Should the Supreme Court block Trump's tariffs, importers should not expect immediate refunds, as Polymarket indicates an 18% chance that the Court will force Trump to refund tariffs by June 30, highlighting logistical challenges involved in such a process.
- Corporate Preparedness: Over 100 companies have pre-filed lawsuits to protect their refund claims regardless of the outcome, with IEEPA tariffs having collected over $130 billion since “Liberation Day” in April 2025, marking the largest federal tax increase since 1993.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 204.860
Low
175.00
Averages
280.01
High
325.00
Current: 204.860
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- AI Investment Plan: Amazon has announced a substantial $200 billion investment in artificial intelligence infrastructure for 2026, significantly up from $131 billion last year, aimed at solidifying its leadership in the AI sector, although market concerns about investment returns persist.
- Strong AWS Growth: Amazon Web Services (AWS) achieved a remarkable 24% revenue growth in Q4 2025, indicating robust demand for AI products and services, with CEO Andy Jassy highlighting that AWS serves as the primary cloud provider for more U.S. Fortune 500 startups than the next two competitors combined, enhancing the company's market position.
- Clear Competitive Advantages: Amazon's wide economic moat and scale advantages allow it to achieve cost efficiencies in logistics and cloud computing, with fast and free shipping services and high fixed investments in AWS contributing to its competitive edge in the market.
- Sustained Growth Potential: Over the past decade, Amazon's revenue and operating income have surged by 570% and 3,536%, respectively; while growth rates may decline in the future, the company is well-positioned to benefit from multiple secular trends such as AI, cloud computing, and online shopping, ensuring continued business momentum.
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- Revenue Target Setting: The company projects total revenue exceeding $280 billion by 2030, with nearly equal contributions from consumer and enterprise sectors, reflecting a cautious outlook on future revenue growth.
- Funding Round Progress: OpenAI is finalizing a funding round that could exceed $100 billion, with about 90% coming from strategic investors, demonstrating market confidence in its long-term potential.
- Strengthened Partnerships: Strategic investors including Nvidia, SoftBank, and Amazon are participating in the funding, with Nvidia potentially investing up to $30 billion, further solidifying OpenAI's leadership position in the AI sector.
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- Importance of Earnings Season: Upcoming earnings reports from Home Depot and Workday are critical; the former faces challenges due to immigration issues, while the latter is at a pivotal point in the AI competition, which could affect market confidence in the software sector.
- Nvidia's Key Report: Nvidia's earnings report is highly anticipated, with mixed market views on its profitability and demand outlook; a strong performance could trigger a significant rebound in tech stocks, reestablishing its market leadership.
- Software Sector Pressure: Salesforce and Intuit are under competitive pressure from AI agents, leading to cautious market sentiment regarding their future profitability, which may result in further stock price declines, necessitating close monitoring of industry developments.
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- Nvidia's Growth Potential: Nvidia (NVDA) continues to see robust demand for its GPUs in AI data centers, with a projected 65% revenue growth for fiscal year 2027; although its stock is down nearly 10% from its all-time high, this presents a rare buying opportunity for investors.
- Broadcom's Market Strategy: Broadcom (AVGO) is designing specialized chips for specific workloads, with analysts forecasting a 51% revenue growth in 2026; despite its stock being down nearly 20% from its peak, its unique market strategy positions it advantageously in the competitive landscape.
- Microsoft and Amazon's Slump: Both Microsoft (MSFT) and Amazon (AMZN) have seen their stocks drop 25% and 20% respectively due to disappointing earnings reports, yet their solid fundamentals suggest that the current undervaluation offers a great buying opportunity for investors.
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- Amazon E-commerce Growth: Amazon reported $213.4 billion in revenue for Q4, a 13.6% increase year-over-year, with over $177 billion from its e-commerce division, which grew 11.8%, solidifying its leadership in the U.S. e-commerce market, although its lower profit margins present challenges.
- AWS Profitability: Amazon Web Services (AWS) generated $35.5 billion in revenue in Q4, up 23.6%, with operating income of $12.4 billion, significantly surpassing the e-commerce segment's $11.6 billion, indicating AWS as a key growth driver despite concerns over a $200 billion AI infrastructure investment.
- Strong Google Advertising Revenue: Alphabet achieved $113.8 billion in revenue in Q4, with $95.8 billion from advertising, resulting in a profit of $40.1 billion, showcasing its dominant profitability in internet advertising, far exceeding Amazon's retail business.
- Cloud Market Share: Google Cloud's revenue surged 47% to $17.6 billion in Q4, with operating income of $5.3 billion and a 30% profit margin, indicating competitive strength in the cloud market, while Alphabet plans to invest $185 billion in AI infrastructure, expecting to remain free cash flow positive.
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AI Investment Impact: The recent U.S. fourth-quarter GDP estimate revealed that AI investment was the primary driver of economic growth, contributing to nearly 60% of the total growth despite a weak overall GDP growth of 1.4%.
Government Shutdown Effects: The significant role of AI in the economy was noted even after considering the impacts of the federal government shutdown on economic performance.
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