Amazon.com Inc. (Amazon (AMZN)) stock is trading higher on Tuesday, even as broader markets slip. Nasdaq futures are down 0.86% and S&P 500 futures have shed 0.09%, but Amazon is bucking the trend. The reason? A massive bond sale to fund the company's AI ambitions.
Amazon is looking to raise at least $25 billion from a U.S. dollar bond sale on Tuesday, according to Bloomberg, citing people familiar with the matter. The funding push comes as the company accelerates investments in artificial intelligence infrastructure. The report cautioned that no final decision has been made, and the total size of the offering could increase depending on investor demand.
In an emailed statement to MarketDash, Amazon said, "We regularly evaluate our operating plan and make financing decisions, like issuing bonds, accordingly. The proceeds from this issuance will be used for general corporate purposes, which may include, but are not limited to, supporting business investments, funding future capital expenditures, and repaying upcoming debt maturities."
Capital Ramps Up For AI Expansion
The targeted bond sale follows a $17.5 billion delayed-draw term loan Amazon secured in June from a banking syndicate including Citibank and JPMorgan. CEO Andy Jassy previously defended the company’s 2026 capital expenditures, which are tracking toward roughly $200 billion. The majority of this capital is directed toward data centers, chips, and cloud infrastructure.
So Amazon is essentially loading up on cheap debt to build out its AI empire. The bond market is happy to lend, and investors seem to be cheering the move — at least for now.
Q2 Financial Expectations
Amazon is scheduled to report its second-quarter earnings on July 30. Wall Street analysts estimate an earnings per share of $1.82 and quarterly revenue of $196.02 billion. This follows a first-quarter revenue beat of $181.52 billion, which surpassed the analyst consensus of $177.30 billion.
The Q2 report will be a key test: can Amazon show that all this AI spending is translating into revenue growth? The market will be watching closely.
Broadband Satellite Network Progress
In tandem with its AI infrastructure investments, Amazon is expanding its Leo broadband satellite network. Following an early July launch on a United Launch Alliance Atlas V rocket, Amazon Leo chief Chris Weber stated on X that the network surpassed 390 deployed satellites, securing enough capacity to support initial continuous service later this year.
It's not just about AI — Amazon is also building out space-based internet, a direct competitor to Starlink. The Leo network is still early, but hitting 390 satellites is a milestone.
Amazon Stock: Key Levels To Watch
Amazon is trading 3.8% below its 50-day SMA ($255.19), which keeps the intermediate trend in prove-it mode and makes that zone an important overhead area to reclaim. At the same time, the stock is 5.3% above its 200-day SMA ($233.03), a sign the longer-term uptrend hasn’t broken even after the June pullback.
RSI is sitting at 49.89, which points to neutral momentum rather than an overbought or oversold condition. The moving-average structure is mixed: the 20-day SMA is below the 50-day SMA (a bearish short-term alignment), but the 50-day SMA remains above the 200-day SMA after the golden cross in May. That combination often produces choppy trading where rallies can stall near the 50-day until buyers show they can push through it.
- Key Resistance: $275 — a round-number area sitting just below the $278.56 52-week high zone, where rebounds can run into supply
- Key Support: $225 — a nearby round-number floor that lines up with the stock’s recent buyers stepped in area and sits above the 200-day trend zone
AMZN Price Action: Amazon.com shares were up 0.63% at $245.70 during premarket trading on Tuesday, according to market data.
