Amazon Extends Post-Earnings Rally, Bezos Adds $25B as AWS Growth Hits 37%
AMZN sits 42% above its 52-week low of $196 on elevated volume (2.6× avg).
Summary
Amazon shares rose another 1.8% in Monday's premarket, extending Friday's 15.3% surge after a massive Q2 beat. The rally added roughly $25 billion to Jeff Bezos' net worth, pushing him past Alphabet's Sergey Brin to become the world's third-richest person. AWS revenue accelerated 37% to $42.2 billion, its fastest growth in 18 quarters, and CEO Andy Jassy disclosed a $169 billion annualized revenue run rate for the cloud unit. BNP Paribas reiterated a Buy rating, arguing AWS momentum supports a path to a $1 trillion business. Amazon also raised its 2026 capex outlook to $220 billion from $200 billion, citing higher memory costs for AI infrastructure. The stock is now trading near its 52-week high of $278.56.
At the time of this announcement, AMZN was trading at $277.36 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.9T. The 52-week trading range was $196.00 to $278.56. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.