Amazon Eyes $7B Decart Buy, AWS Q2 Revenue Hits $42.2B
AMZN sits 34% above its 52-week low of $196.
Summary
Amazon is reportedly in talks to acquire AI startup Decart for about $7B, adding real-time video and robotics training models. AWS Q2 revenue reached $42.2B, up 37% YoY, with operating income of $16.6B and a 39.3% margin. The company plans massive capex of ~$220B this year, rising to ~$370B by 2028, funded partly by an eight-tranche bond offering of at least $25B and an SPV structure for ~$8B of Nvidia chips. FTC and 22 states sued over ad reserve pricing, alleging 1.2M advertisers overpaid since 2019. Analysts raised price targets to as high as $385. This follows the Q2 beat and $3T market cap milestone from early August, but adds new specifics on Decart, AWS margins, capex trajectory, and legal risk.
At the time of this announcement, AMZN was trading at $262.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8T. The 52-week trading range was $196.00 to $287.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.