Amazon Stock Expected to Move Up to 6% After Earnings Report
Amazon is set to report its second-quarter earnings after market close on Thursday, with traders anticipating a potential stock swing of up to 6%. Based on options pricing data, shares could rise as high as $246 or fall below $217 by the end of the week. The e-commerce giant's stock has been flat for the year and is down nearly 17% from its May highs due in part to a broader pullback in AI-related investments. Analysts expect Amazon to report revenue growth, with second-quarter sales projected at $196.75 billion—up about 17% year-over-year—and AWS revenue expected to rise more than 30% to $40.49 billion. Earnings per share are forecasted at $1.99 compared to $1.68 in the same period last year. Investors will be closely watching Amazon's capital expenditures, particularly its AI chipmaking and satellite internet projects.
Tickers: $AMZN
Topics: AI Spending Amazon Earnings Report Options Pricing Stock Price Movement