Surging Amazon shares added $25 billion to Bezos' net worth, estimated at $271.5 billion as of Friday morning. That ranks the Amazon founder as the world's third-richest person between Google co-founders Larry Page ($279.3 billion) and Brin ($257.6 billion).
Amazon stock is soaring after the tech giant handily topped estimates in its latest earnings last night.
Amazon's AWS-fueled Q2 beat sent shares soaring 10% after hours. AI demand remains robust, putting Amazon-heavy ETFs in the spotlight.
It's been a rough past couple of weeks for the tech sector, thanks in part to weakness in the semiconductor names, with the memory chips falling into the blast zone.
Amazon stock popped – up 10.8% in Friday pre-market trading – after reporting second quarter results, according to the Wall Street Journal. Investors cheered AWS expectations-beating growth, profitability, and backlog – despite Amazon's huge capital expenditures and negative free cash flow.
As Amazon.com, Inc. (NASDAQ: AMZN) reported 36.7% year-over-year (YoY) growth to $42.23 billion in AWS (Amazon Web Services) revenue during the second-quarter earnings, over five Wall Street analysts have reiterated a bullish outlook for the stock over the next 12 months.
There is a lot of discussion in the entertainment industry press that every major major SVOD is likely to add free ad-supported streaming TV (FAST) channels to their platform right alongside their original productions and licensed programs.The biggest rumors along that line center around Netflix, where stories arguing that FAST channels are on the way to that streamer have circulated for months.
Amazon stock (NASDAQ: AMZN) surged as much as 10% in extended trading on Thursday after the company delivered its strongest AWS growth in more than four years, providing evidence that its artificial-intelligence spending is producing returns. AWS sales jumped 37% to $42.2 billion, accelerating from 28% in the previous quarter and beating Wall Street's expectation of about 31%.
Amazon.com, Inc. (AMZN) Q2 2026 Earnings Call Transcript
Amazon launches AWS Forward Deployed Engineering with a $1B investment to boost AI deployment. Demand for forward-deployed engineers has soared since early 2025.
On Amazon's first-quarter earnings call, CEO Andy Jassy described agentic artificial intelligence as a work in progress. Well, progress has been made.
Amazon.com, Inc. delivered a strong Q2, with revenue growth accelerating to 20% and a substantial earnings beat, primarily driven by AWS performance. AWS revenues surged 37% year-over-year, with robust margin expansion, validating Amazon's heavy investment in cloud infrastructure despite near-term free cash flow pressure. AMZN's aggressive capital expenditures, totaling $54 billion in Q2, are fueling growth but have resulted in a $9 billion free cash flow burn, raising balance sheet considerations.