One number mattered most. Amazon Web Services, the company’s cloud arm, grew 36.8% to $42.2 billion. That was its fastest growth in 18 quarters, or about four and a half years. The Q2 earnings beat had already lifted the stock 8.85% after hours.

Wall Street's disparate reactions to data center spending plans from Amazon, Microsoft and Google show impatience for return on AI investments.

Every time Wall Street panics over Amazon's capital spending, patient investors have walked away rich. The $200 billion capex announcement just triggered another selloff, and the history behind that pattern is worth understanding before dismissing it as reckless.

By Johann M Cherian and Ragini Mathur July 31 (Reuters) - Wall Street's main indexes traded between small gains and losses on Friday, as uncertainty over the path for interest rates and a slide in Apple's shares offset a 13.

Amazon reported its second-quarter 2026 earnings Thursday, revealing it beat Wall Street’s estimates with more than $200 billion in revenue for the April-June quarter. Ad revenue for the quarter was up 26% while the company’s profit jumped to $62.