Amazon stock soars as e-commerce giant's AWS cloud business booms in 'home run' quarter - Yahoo Finance
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- Amazon's AWS cloud business boomed in what Yahoo Finance labeled a 'home run' quarter, sending the stock soaring.
- Amazon raised its 2026 capital expenditure to $220 billion, citing higher memory costs, per CNBC.
Why it matters: Amazon committed to a $220 billion 2026 capex outlay driven by memory costs even as AWS and AI drove its stock higher, meaning investors are rewarding the cloud-AI momentum while absorbing a steep infrastructure spending bill that reflects AI's growing appetite for chips and memory.
