Amazon stock soars as e-commerce giant's AWS cloud business booms in 'home run' quarter - Yahoo Finance — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Amazon stock soared after Q2 results showed its AWS cloud business booming in what one source called a 'home run' quarter
- Amazon raised its 2026 capital expenditure to $220 billion, citing higher memory costs, while its Q2 earnings call highlighted an ongoing AI capacity push
Why it matters: Amazon reported a 'home run' Q2 while simultaneously hiking 2026 capex to $220 billion due to higher memory costs, revealing the tension between current cloud-AI revenue strength and the escalating infrastructure bill the AI buildout demands.
Ask SkimNews
