AWS's near-40% growth and agents' limited adoption make negative pre-earnings sentiment toward Amazon look misplaced. AWS was expected to have one of its best quarters and reported $184B ARR, up 39.3%, close to the projected $185B and 40%. Agents remain far from mainstream, so agentic e-commerce disruption was not expected to show up this quarter. x.com  x.com  x.com 

Amazon still has many positives, with Prime and logistics as big moats, but AI shopping agents are a real complication. Customers used to buying on Amazon without looking around could be steered elsewhere: ChatGPT found in seconds a $38 Walmart bookshelf that 20 minutes of searching Amazon missed. That is a problem with no easy answers for a platform designed to be the only place customers look, and for ad and lead-gen businesses; Amazon has blocked agents such as ChatGPT from its listings. … Show more

Amazon is losing ground in shopping and should not hide behind a far-off $1T AWS. Customers go where the experience is easy, products are solid and prices great, and Amazon has lost the price battle. Blocking AI shopping agents would cost it the easy experience, while agents predicting orders from a user's history would erase its delivery-speed advantage. Shopify's CEO lifted Shopify 14% with one post on agentic commerce while Amazon fumbled; Amazon needs to wake up before losing share. x.com  … Show more

Agentic commerce is more likely to reward Amazon than disrupt it, the reverse of how the market sees it. If AI agents optimize for price, selection, speed, reviews and trust, Amazon is the company being measured against those criteria and likely rewarded, not the one being displaced. x.com 

Platform-agnostic shopping agents could bring Shopify meaningfully more transactions rather than favoring Amazon or Walmart. Amazon banning agents makes that prospect even more bullish for Shopify. x.com  x.com 

Amazon keeps hurting itself with its AI strategy by blocking AI shopping agents such as Muse to protect its high-margin sponsored-product revenue. That hands Shopify, which just partnered with Muse to enable agentic checkout with Shop Pay on all Shopify stores, an easy win. The tradeoff works for now because agentic shopping is a small share of volume, but if Amazon stays this stubborn it faces a long-run disintermediation threat as AI comes to facilitate something like 25% of online shopping. … Show more

Amazon's logistics network protects its investment case against AI agents that could hurt its platform: agents cannot rebuild its delivery infrastructure, which has reportedly become America's largest parcel carrier. x.com 

Alphabet's core Search growth is slowing while AI spending surges, making the selloff look deserved despite fast Cloud growth. Search growth fell from 19% to 17% to 12% over three quarters; Search now represents just under half of revenue. The stock could fall to $250, though Amazon is the preferred buy. x.com  x.com  x.com  x.com  x.com 

Amazon's weak retail growth has shaken the earlier buy case. Online-store sales rose just 2% year over year, and the retail numbers look so poor that it is no longer clear at what price the shares are a buy. x.com  x.com  x.com 

Shopify can take on Amazon in agentic shopping by attacking weak spots Amazon can't address because it must protect its ads business and walled garden. Databricks CEO Ali Ghodsi described overtaking Snowflake by studying the competition and going after its weaknesses, a similar opportunity for Shopify. It isn't one-to-one: Prime and logistics mean Amazon could shut out agents and be fine, and @Appyg99 points to Amazon's fast fulfillment. x.com  x.com