Amazon Rises on AWS Growth, Outshining Tech Anxiety
TL;DR
Amazon shares rose about 1.8% to around $263.16 after stronger AWS growth—37% to $42.2 billion—helped offset broader tech worries, as second-quarter sales climbed 20% to $200.6 billion. AWS’s booming performance underscored the company’s cloud moat, while Amazon said 2026 capital spending could reach roughly $220 billion, about $20 billion more than prior plans, signaling continued cloud investment even as trailing free cash flow remains negative.
- Amazon Jumps 1.8% as AWS Growth Overpowers Tech Anxiety Yahoo Finance
- Andy Jassy Believes AWS Can Hit $1 Trillion in Revenue. Here's When the Math Says It Might Happen. The Motley Fool
- Amazon Stock: Cloud Takes The Spotlight While The Store Pays The Toll Trefis
- This is One of the Cheapest Magnificent Seven Stocks Right Now 24/7 Wall St.
- Amazon Stock (AMZN) Opinions on Recent Earnings and AI Growth Quiver Quantitative
Want the full story? Read the original reporting
Read on Yahoo Finance