Amazon Shares Soar as AWS Growth Outpaces Tech Anxiety

Amazon's stock price jumped by approximately 1.8% to $263.16 on Monday, despite the Nasdaq slipping overall.

The company's second-quarter sales surged 20% to $200.6 billion, while operating income hit $27.5 billion.

AWS revenue exploded 37% to $42.2 billion, its fastest growth in more than four years, according to the latest numbers.

Amazon now expects roughly $220 billion in 2026 capital spending, a significant increase of $20 billion from its previous plan.

This substantial investment is largely driven by the company's relentless construction spending, which has pushed trailing free cash flow below zero.