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Earnings· July 30, 2026 at 09:41 PM
Amazon Stock Jumps As Cloud Growth Accelerates. AI Pushes Capex Higher.
Authored by·Editorially reviewed
Onur Erkan YıldızFounder, Financial Engineer · CMB-licensed
Higher education in Financial Engineering and Money & Capital Markets. SPK (Turkey CMB) licence. 16 years across institutional markets, research, and quant-driven analytics.
NeutralMedium impact
AI summary
Amazon stock jumped after the e-commerce and cloud-computing giant reported second-quarter results. Cloud growth for Amazon reached a more than four-year high as the company touted progress in offering custom AI chips and services to enterprises. The earnings number was helped by pretax gains on Amazon's investment in the AI startup Anthropic, Amazon said.
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