Amazon shares rise over 15% after strong Q2 earnings beat
Amazon.com (AMZN) stock surged more than 15%, closing at $271.58 following the release of its second-quarter financial results, which significantly exceeded analyst expectations across key metrics. The performance reflects robust demand for both e-commerce and cloud services during the quarter. The strong earnings report fueled investor confidence, extending a positive momentum from the previous trading session where shares had already gained 3.9%. Analysts noted that Amazon's blowout numbers were driven by higher-than-expected revenue growth in its core segments.
Tickers: $AMZN
Topics: cloud computing earnings e-commerce stock rally