Amazon Stock Surges on Strong AWS Results

Amazon.com's stock price surged by 3.8% on August 28, 2026, amid investor enthusiasm for Amazon Web Services (AWS) following strong second-quarter results.

The company reported a 20% year-over-year increase in net sales to $200.6 billion and a 37% rise in AWS revenue to $42.2 billion, its fastest growth rate in 18 quarters.

AWS operating income reached $16.6 billion in the quarter, up from $10.2 billion a year earlier, reinforcing the view that cloud and AI demand are driving Amazon's earnings power.