Stocks Rise on Amazon-Globalstar Deal, AI Revenue

U.S. stocks climbed after Amazon agreed to acquire satellite operator Globalstar for $11.6 billion. Globalstar shares rose 10.9% and Amazon shares gained 4.2% following the announcement and the company’s disclosure of $15 billion in revenue tied to AI products and services.

Globalstar provides satellite communications capacity that Amazon plans to incorporate into its broader network and cloud offerings. The transaction requires regulatory approvals and integration of satellite capacity into Amazon’s infrastructure will be part of the process as the deal moves through those reviews.

Strength in the technology sector extended beyond the two companies. NU shares jumped 42% after the company outlined plans for wider international expansion. SoFi attracted renewed investor interest amid recent trading patterns.

UPS reported a $100 million rollout of radio-frequency identification systems. Company data showed the RFID rollout cut package misloads by about 70%, a result that supports demand for logistics and supply-chain technology solutions.

Government funding for technology startups was restored recently. A private valuation placed defense contractor Anduril at $30 billion, reflecting continued investor interest in AI and hardware related to national security.

Cryptocurrencies have produced large multi-year gains, with Bitcoin and Ether rising roughly 17,000% and 28,000% respectively over extended periods, while continuing to display large day-to-day price swings.

Market moves included deal-driven re-ratings and investor demand for companies tied to AI, cloud services and infrastructure. Traders and portfolio managers are monitoring regulatory reviews of the Amazon-Globalstar transaction and upcoming corporate earnings for signs of sustained AI revenue growth.