Amazon's AWS Growth Powers Through Tech Anxiety

Amazon's stock price jumped approximately 1.8% to $263.16 on Monday morning, despite the Nasdaq slipping, as investors rewarded visible cloud returns.

The company's AWS revenue surged 37% to $42.2 billion in the last quarter, its fastest growth in more than four years.

This strong performance overshadowed some anxiety in the tech sector, where heavily financed AI infrastructure stocks came under pressure.

Amazon's second-quarter sales rose 20% to $200.6 billion, while operating income hit $27.5 billion.

The company now expects roughly $220 billion in 2026 capital spending, which is $20 billion above its previous plan.