Amazon Stock Surges on Strong Earnings, OpenAI Investment
Amazon's stock price surged by 5.47% on Thursday to finish near its session high at $285.87, as investors welcomed a strong earnings report from the tech giant.
The company's cloud division, Amazon Web Services (AWS), delivered 37% year-over-year revenue growth to $42.2 billion in the second quarter of 2026, its fastest acceleration in 18 quarters.
Amazon also announced a significant investment in OpenAI, committing $50 billion for a nearly 5% stake in the AI company, with AI and custom silicon revenues each surpassing a $25 billion run rate.
The bullish momentum surrounding Amazon's stock is reflected in technical indicators, which show a high probability of continued upside, with a 74% chance of trading between $264.82 and $306.92 over the next two to three days.