Amazon Stock Soars 15% After Blowout Q2 Earnings
Amazon's stock price surged more than 15% on July 31, closing at $271.58 after the e-commerce and cloud giant reported a blowout second quarter that exceeded analyst expectations across nearly every major metric.
The company's AWS growth accelerated during the period, while AI capex rose. This performance sent Amazon's stock price skyrocketing, with investors beginning to reassess their views on the company's trajectory.