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8/3/2026

Amazon Surged 10% After AWS Posted Its Best Quarter in Years. The Company Is Raising Its AI Spending to $220 Billion

Amazon shares jumped 10% in premarket trading Friday after the company topped second quarter expectations, driven by an acceleration in Amazon Web Services that one analyst covering the stock described as a genuine home run for the company. The results stood in sharp contrast to the mixed reception several other mega cap earnings reports have received this season.

3 min read