The Big 3: AMZN, CSCO, CRWD

The Schwab Network's 'Big 3' episode dissects Amazon, Cisco, and CrowdStrike through a dual lens of technical analysis and AI-driven growth potential. Jason Brown argues that Amazon's AWS division—generating over half of the company's operating income despite accounting for just 18% of its product mix—is the hidden engine of long-term value, especially as AI demand drives massive capex spending and chip commitments from OpenAI, Anthropic, and Uber. Technically, Amazon has formed a double bottom near $200 and is breaking out with strong momentum, supported by moving average crossovers and volume profile shifts. For Cisco, Brown highlights underappreciated AI networking exposure and diversified revenue streams beyond hyperscalers, noting $21B in hyperscaler orders and $350M in AI-driven enterprise demand. The stock remains in a steady uptrend, with key support near $76 and resistance at $88.19. CrowdStrike, despite a 29% drop from its highs and recent technical breakdowns, is framed as a high-conviction AI cybersecurity play—especially given a staggering 89% year-over-year rise in AI-powered cyberattacks. Brown sees a potential double bottom forming near $375 and recommends a long call option with a break-even at $492, not requiring a full recovery to all-time highs to profit. The episode underscores that AI isn't just a narrative—it's a structural shift driving real financial performance and technical setups across these three tech giants.