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Why Amazon (AMZN) Stock Is Jumping 10% Despite a Massive AI Capex Hike - Barron's

Why Amazon (AMZN) Stock Is Jumping 10% Despite a Massive AI Capex Hike - Barron's

Amazon’s revenue for the quarter reached $201 billion, above expectations of $197 billion, and up 20% on the year.

Amazon.com reported strong second-quarter earnings on Thursday afternoon. Its shares were up as much as 10% in after-hours trading, even as the company said it would be increasing its capital expendi… [+124 chars]

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