Amazon and Tech Stocks Surge Amid Mixed Earnings Reports

Amazon's quarterly results have erased its two-month technical breakdown, with shares gaining 17% last week after posting second-quarter revenue growth of 20% year-over-year to $200.6 billion.

The company's Amazon Web Services (AWS) revenue grew by 36.7% year-over-year to $42.2 billion, benefiting from demand for multi-modal AI.

Dexcom, a medical devices provider, traded to a 52-week high after posting Q2 results and exceeding its 2026 revenue forecast of $5.18 billion to $5.25 billion.

Corteva dropped by around 12% following its quarterly report, erasing nearly two months of an uptrend, but the company increased its guidance for this year with operating EBITDA expected to top up to $4.3 billion.