Amazon's stock sank on Thursday afternoon, weighed down by mixed guidance and AI competition, though the company beat Q2 earnings expectations.

The firm estimated that the AI startup Anthropic should contribute about 1 percentage point of additional growth to AWS revenue in the second half compared with the first half, +2.4% vs. +1.3%. That supports the potential for stock outperformance in the second half of 2025, the firm said.

Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best stocks to buy for the next 6 months. On July 29, Mark Kelley, an analyst at Stifel, raised the price target for Amazon.com, Inc. (NASDAQ:AMZN) from $245 to $262 while keeping the company’s shares at a Buy rating.