Amazon stock soars 15% on AWS 'home run' quarter
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Amazon stock jumped 15% after Q2 results, with AWS cloud business booming in what the quarter was characterized as a 'home run.'
- Amazon raised its 2026 capital expenditure guidance to $220 billion, citing higher memory costs as the driver.
- Andy Jassy confirmed Amazon will spend $220 billion in capex, underscoring the scale of the planned infrastructure investment.
- The AWS cloud performance anchored the rally, with the Q2 print driving the sharp post-earnings stock move.
Why it matters: Amazon committed to $220 billion in 2026 capex to absorb higher memory costs, yet investors rewarded the spending with a 15% stock surge on booming AWS results. The combination signals the market views Amazon's infrastructure investment as cloud growth fuel rather than a margin drag — a stance that will be tested as memory costs ripple across the tech sector.
