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Amazon Share Price Hits Record High Following Strong Earnings Report

Guavy AI Editorial Team
Instruments
AMZN
Share

Amazon's share price has hit an all-time high following its second-quarter earnings report. The company reported net sales of $200.60 billion, a 20% year-over-year increase.

Faster growth at Amazon Web Services (AWS), partly linked to demand for artificial intelligence (AI), contributed to the result.

The shares rose sharply after the report, with the price reaching an intraday high of $287.23 on August 3rd.

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