Amazon climbs on AWS cloud boom and AI momentum in blowout quarter
TL;DR Summary
Amazon topped Q2 expectations as AWS revenue rose 36.7% year over year to $42.2 billion, driven by core cloud services and AI offerings. The company also said its AI and custom‑chip businesses each surpassed a $25 billion annualized revenue run rate, with a $496 billion backlog and capex guidance raised to about $220 billion to fund AI infrastructure, aiding a premarket stock advance and reinforcing AWS as a high‑growth, margin‑expanding engine.
- Amazon stock soars as e-commerce giant's AWS cloud business booms in 'home run' quarter Yahoo Finance
- Amazon hikes 2026 capex to $220 billion due to higher memory costs CNBC
- Amazon.com Announces Second Quarter Results Amazon Investor Relations
- Amazon revenue soars as AI investments pay off Axios
- Andy Jassy said Amazon will spend $220 billion this year—and still won't have enough capacity to meet demand Fortune
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