Amazon stock soars as e-commerce giant's AWS cloud business booms in 'home run' quarter - Yahoo Finance
Amazon stock rose 15% following a strong second-quarter earnings report driven by significant growth in its AWS cloud business. The company also announced that its AI and custom chip divisions have reached a $25 billion annualized revenue run rate.
Why it matters
Amazon's financial success highlights the massive market demand for cloud infrastructure and AI-specific hardware, influencing broader tech sector valuations.
Amazon stock soars 15% as e-commerce giant's AWS cloud business booms in 'home run' quarter Ines Ferré · Senior Business Reporter Fri, July 31, 2026 at 4:33 PM EDT 2 min read AMZN +15.32% Trade AMZN on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
What's happened: Amazon ( AMZN ) stock soared 15% on Friday.
What's behind the move: The e-commerce and cloud giant topped second quarter expectations as accelerating cloud growth at Amazon Web Services (AWS) helped drive strong results. Amazon also said its AI and custom chip businesses have each surpassed a $25 billion annualized revenue run rate.
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