Amazon stock soars after Q2 earnings beat expectations as AI, chip businesses see $25 billion run rate - Yahoo Finance
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- Amazon stock soared after the company's Q2 earnings beat expectations, with AI and chip businesses reaching a $25 billion run rate
- Amazon's AWS cloud business boomed in what one source called a 'home run' quarter, as the e-commerce giant announced its second quarter results
Why it matters: Amazon's $25 billion combined AI and chip run rate, paired with a stronger-than-expected AWS quarter, shows the company's multi-year AI infrastructure spend is now converting into measurable revenue — a key data point for investors weighing AWS against Microsoft Azure and Google Cloud in the cloud-AI race.
