JPMorgan Favors Meta and Amazon as Big Tech Shares Move Higher
Technology · First reported 9 Nov, 14:49 · Updated 15:46
JPMorgan added Meta and Amazon to its internet-stock focus list, citing Meta’s advertising growth and Amazon Web Services’ performance. Alphabet rose despite losing its place on the list, while the article also reported a decline in Nvidia shares.
- JPMorgan analyst Doug Anmuth added Meta to the focus list on November 9. Meta’s third-quarter 2026 ad revenue grew 26% year over year, and the article says Anmuth estimated about $13 billion in incremental ad revenue.
- Amazon was the other internet stock on the list; AWS revenue grew 39% year over year in the third quarter. Amazon’s CEO projected AWS growth above 40% in both 2027 and 2028.
- Alphabet lost its place on JPMorgan’s list but its shares were reported up 3%; Google Search revenue growth slowed to 12% in the third quarter. The article also reported Nvidia shares down 7%.
Summary written by Lux AI from 2 articles
Key facts
- JPMorgan list
- Added Meta and named Amazon as the other internet pick; Alphabet lost its spot.
- Meta Q3 2026 ad revenue
- Up 26% year over year; North American growth was 33%.
- Amazon Web Services
- Revenue grew 39% year over year in Q3; the CEO projected growth above 40% in 2027 and 2028.
- Google Search
- Revenue growth slowed to 12% in Q3.
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