Amazon cuts about 14,000 corporate jobs to accelerate its AI push and streamline layers, following earlier reports that as many as 30,000 corporate roles were under review. Leadership framed this as reallocating spend to AI, AWS, and data center infrastructure rather than simple cost cutting.

WINNERS -

AI infrastructure and accelerators

Reason: More spend on model training and inference lifts demand for GPUs, networking, and custom silicon as Amazon shifts resources into AI.

NVIDIA - $NVDA

Broadcom - $AVGO

Data center REITs and operators

Reason: Capital is moving into new U.S. data centers to power AI workloads (Amazon has flagged multi-billion investments in new facilities), supporting colocation and interconnection demand.

Equinix - $EQIX

Digital Realty - $DLR