Amazon.com Inc (AMZN · NASDAQ)

Amazon's June quarter showed revenue of $200.61B, up 19.6% YoY on a TTM basis, with net income of $62.65B more than doubling from the prior quarter's $30.25B, and the company has beaten EPS estimates in all of its last four reports. Free cash flow turned negative at -$8.82B for the quarter as capex of $54.21B exceeded operating cash flow of $45.39B, and the company is reportedly moving roughly $8B of Nvidia Grace Blackwell AI chips into a special-purpose vehicle via a leaseback arrangement. Leverage remains modest at 1.3x debt/EBITDA with $78.21B in cash, while the stock trades at a P/E of 20.03, down 2.9% over the past month and 11.4% below its 52-week high.