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Hyperscaler Stocks Surge as Amazon and Microsoft Deliver Strong Earnings

Guavy AI Editorial Team
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AMZN MSFT
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Hyperscaler stocks have seen a significant surge in recent days following strong earnings reports from companies like Amazon and Microsoft.

Amazon's second-quarter revenue grew 20% to $200.6 billion, while operating income surged 43% to $27.5 billion.

The tech giant's AWS segment saw its fastest growth in 18 quarters, with a 37% increase in revenue and a 64% jump in operating income.

AWS now operates at an annualized rate of $169 billion in revenue, while Amazon's AI business has surpassed a $25 billion annualized run rate.

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