Amazon Tokenized Stock Surges as AWS Drives Earnings Beat Expectations

Amazon's tokenized stock has surged 3.58% in the last 24 hours, reaching $266.61 and putting it on track to hit $280 before its Q3 earnings announcement.

The rally is being driven by Amazon Web Services (AWS), which posted a 37% year-over-year revenue increase in Q2 2026, crossing $42.2 billion in quarterly sales.

Evercore ISI's Mark Mahaney recently raised his 12-month price target to $355, citing durable retail momentum and accelerating AWS growth, which is now running at an annualized revenue run rate of $169 billion.