Amazon Soars 15.3% to Two-Month High After Q2 Blowout
AMZN sits 38% above its 52-week low of $196 on elevated volume (2.6× avg).
Summary
Amazon shares surged 15.3% on Friday, closing at a two-month high, as the market digested the company's massive Q2 beat reported after Thursday's close. The rally added to Thursday's gains and helped lift the Nasdaq 1%. The move reflects strong investor approval of AWS growth accelerating to 37% and net income more than tripling, though the quarter also showed negative free cash flow of $7.6 billion amid heavy AI infrastructure spending. This follows a series of high-impact news including a $200 billion AI data center commitment and a retreat from proprietary AI models. The stock is now trading near its 52-week high of $278.56. The broader market also rose, with stocks gaining as Amazon boosted the AI trade.
At the time of this announcement, AMZN was trading at $270.90 on NASDAQ in the Trade & Services 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 8 out of 10. Source: dpa-AFX.