Palantir's Peter Thiel Buys Amazon; AI Stock Up 560% in Decade

Billionaire investor Peter Thiel's firm, Thiel Macro, has acquired a significant position in Amazon (NASDAQ: AMZN), an artificial intelligence stock that has seen a 560% increase over the past decade. This strategic investment places Amazon as the largest holding in Thiel Macro's portfolio, marking a notable shift in the firm's strategy after it liquidated all previous holdings in Q3 2025.

## Catalyst Analysis: Thiel Macro's Amazon Investment

Thiel Macro, the investment company led by Palantir Technologies (NYSE: PLTR) co-founder Peter Thiel, re-entered the market in Q2 2026 by adding eight new positions, with Amazon (NASDAQ: AMZN) being the most prominent. While Amazon has experienced a 560% gain over the last ten years and was up 1.54% at the time of the report, Thiel's firm notably holds no position in Nvidia ($NVDA+WL), opting instead for Amazon as its sole technology investment.

Amazon's long-term investment thesis is built on its robust presence in e-commerce, digital advertising, and cloud computing. The company's annual sales growth is projected to be between 12% and 16% through the end of the decade. In the second quarter, Amazon Web Services (AWS) revenue increased by 37%, marking its fastest growth in 18 quarters. Morgan Stanley analysts estimate AWS could generate $1 trillion in revenue by 2035, implying 21% annual growth over the next nine years. The company's gross margin stands at 50.77%, and operating income surged by 43% to $28 billion.

Despite concerns about Amazon's projected $220 billion in capital expenditure (capex) spending this year, up from $128 billion last year, strong AWS results and operational efficiencies, particularly in reducing fulfillment and shipping costs (which consume 36% of retail revenue), suggest potential for margin improvement. Analysts covering Amazon suggest a potential 32% upside from its current share price.

### Story Arc / How We Got Here

This move by Peter Thiel adds a new dimension to the ongoing discussion regarding AI stock valuations. Previously, Nvidia's (NASDAQ: NVDA) stock was viewed as potentially undervalued, drawing comparisons to Apple's historical valuation challenges as investors evaluated its price against future earnings potential (prior coverage at /explore/nvidia-stock-viewed-as-undervalued-apple-example-cited). Thiel's decision to invest in Amazon instead of Nvidia, despite Nvidia's significant presence in AI, suggests a broader perspective on AI's impact and the essential infrastructure required to support it, potentially influenced by the energy demands of AI data centers.

## $NVDA+WL Technical Analysis & Key Risk Watch

## Impact on Related Tickers

Palantir (NASDAQ: PLTR), co-founded by Peter Thiel, gained 7.71% to $182.53. Other major technology stocks also saw movement: Morgan Stanley (NYSE: MS) was up 2.52% to $217.15, Microsoft (NASDAQ: MSFT) was up 2.7% to $510.12, Apple (NASDAQ: AAPL) gained 1.0% to $328.21, and Google (NASDAQ: GOOG) rose 1.6% to $338.86.