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The tech rebound has legs. Stock futures were rising early Friday as the technology sector looked set to end a bad July on a positive note despite disappointing earnings from Apple. S&P 500 futures rose 0.
Amazon.com, Inc. (NASDAQ:AMZN) shares surged over 12% in Friday’s pre-market trading after the e-commerce and cloud-computing giant reported stronger-than-expected second-quarter results. Amazon Beats Revenue and Earnings Estimates Amazon reported second-quarter revenue of $200.61 billion, exceeding Wall Street’s consensus estimate of $196.46 billion. The company posted earnings of $5.75 per share, well above analysts’ expectations of $1.82 per share. Amazon’s cloud division, Amazon Web Services
<body><p>STORY: :: Archive</p><p>What if your next driverless taxi had no steering wheel? That may soon become a reality.</p><p>Amazon-owned Zoox has won the first U.S. approval for commercial deployment of a robotaxi built without traditional human controls.</p><p>The approval came from the National Highway Traffic Safety Administration, or NHTSA...</p><p>allowing the company to begin charging for rides in Las Vegas once it completes state requirements.</p><p>Here's NHTSA administrator Jonathan Morrison.</p><p>"Since our standards get into performance requirements for specific aspects such as braking performance, they provided information and we received public comment, and we made that determination that their vehicle as equipped, can meet all of those requirements and in fact, exceed those."</p><p>The vehicle looks very different from a conventional car.</p><p>It's an electric, carriage-style robotaxi with two rows of inward-facing seats and a top speed of 75 miles per hour.</p><p>Federal officials say Zoox can deploy up to 2,500 vehicles in each of the next two years.</p><p>The move comes as companies including Alphabet's Waymo and Elon Musk's Tesla race to expand driverless ride-hailing services across the U.S.</p><p>The green light comes with added oversight.</p><p>U.S. regulators say the firm must report issues including crashes and inappropriate stops.</p><p>Authorities also retain the power to revoke the exemption if major safety concerns emerge.</p></body>
Stocks were on track to end the week on an upbeat note after Big Tech earnings revived optimism in the artificial intelligence trade.
Just weeks after its latest bond sale, Amazon.com Inc. (NASDAQ:AMZN) told Wall Street it now needs an additional $20 billion in capex beyond its original plan. On Thursday, CEO Andy Jassy announced the e-commerce giant is raising its 2026 capital spending target from $200 billion to $220 billion, due to soaring memory chip prices. During the second-quarter earnings call, when an analyst asked about Amazon’s funding strategy for future AI and infrastructure expansion, Jassy demurred: "Nothing to
STRL is projected to double its revenue and its earnings again between 2025 and 2027 as the AI data center boom ramps up. The stock is down ~43% from its highs and finding technical support heading into Q2 earnings.
Samsung Electronics (KRX:005930, LSE:BC94) and SK Hynix surged by almost 30% on Friday as strong results from Amazon and Microsoft were the catalyst for investors to rush back into semiconductor shares. Samsung jumped 28% to ₩265,000, while memory-chip rival SK Hynix climbed 30% to ₩1.7...
By Rae Wee SINGAPORE, July 31 (Reuters) - Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that a recent rout in AI-related
CEO Brian Chesky is looking to expand into hotels, car and equipment rentals, and “dzens” of other businesses. count us skeptical.
Amazon's Q2 2026 results showcase robust growth across all segments, with AWS revenue surging 36.7% and operating income up 43%, despite headwinds from rising costs and capacity constraints.
“We will still not have enough capacity to meet all the demand we have in 2026,” Amazon CFO Kaven Parekh said.
In the past week, Amazon.com reported second-quarter 2026 results with net sales of US$200.61 billion and net income of US$62.65 billion, driven by a very large contribution from its Anthropic investment and rapid growth at Amazon Web Services (AWS), which expanded revenue by 37% to more than US$42 billion. Alongside this, Amazon raised its 2026 capital expenditure outlook to US$220 billion and guided third-quarter net sales to US$197.0–US$202.0 billion with higher operating income,...
Amazon.com, Inc. (NASDAQ:AMZN) shares jumped Thursday after the company delivered stronger-than-expected second-quarter earnings, with investors and analysts praising accelerating Amazon Web Services profitability as evidence that returns on artificial intelligence investments are beginning to materialize. Cramer Calls Amazon ‘Astonishing’ After AWS Delivers CNBC host Jim Cramer called the results “astonishing,” in a post on X, though he said Microsoft Corp. (NASDAQ:MSFT) remains the standout am
New campaign tools, sports buys and cloud computing gains are powering better-than-forecast sales.
South Korean stocks jumped 17%, leading the region’s equity markets higher, as chip and technology shares climbed.
AWS revenue hit $42.2 billion in Q2, marking its fastest growth in 18 quarters as AI demand outpaces Amazon's ability to build more data centers.
Everyone is debating which AI company will build the best AI model. But that may be the wrong question for investors to focus on.
Revenue for the second quarter ending June 2026 reached $201 billion, above expectations of $197 billion.
Amazon.com (NASDAQ:AMZN) reported second-quarter revenue of $200.6 billion, up 20% year over year excluding foreign-exchange effects, while operating income rose 43% to $27.5 billion. CEO Andy Jassy highlighted accelerating growth at Amazon Web Services, expansion in faster retail delivery and groce
Amazon isn't slowing down on data center spending — but investors don't seem to mind.
Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its cloud, artificial intelligence and chips divisions. The company meanwhile said that two of its AI-related divisions grew by "triple-digit percentages" -- its AI cloud and chips businesses each "exceeded" $25 billion annual revenue run rates, a measure of recurring sales.
Amazon 2Q earnings beat Wall Street estimates Tuesday, sending stocks climbing in after hours trading. The company reporter its 5th straight quarter of cloud share growth, the 37% increase being the fastest for Amazon since the end of 2021. Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana break down the earnings numbers as they roll in.
Gil Luria, D.A. Davidson's head of technology research, reacts to Amazon Web Services' revenue growth and discusses the outlook for Amazon.com Inc. on "Bloomberg The Close."
Amazon (AMZN) CEO Andy Jassy explained on the company's earnings call that while the company expects to spend approximately '$220 billion in cash capex in 2026' to meet soaring demand, he believes AWS could 'very possibly be a trillion-dollar annual revenue business for us in time.'
