Amazon.com Inc (NASDAQ:AMZN) reports second-quarter earnings on July 30, and Bank of America is raising the bar ahead of the print, arguing AWS is accelerating faster than the Street expects. BofA now projects second-quarter revenue of $198.8 billion and operating profit of $24.1 billion, both above consensus of $196.8 billion and $23.6 billion.

Amazon (AMZN, Financials) has been slashing jobs in its artificial general intelligence group as it reconsiders its AI development endeavors.The organization is

Amazon confirmed layoffs in its artificial general intelligence organization, the group behind its Nova models, as the company sharpens its AI focus toward tools for business customers.

Amazon (NASDAQ:AMZN | AMZN Price Prediction) and Microsoft (NASDAQ:MSFT) both reported quarters shaped by one question: how do you feed AI enough electricity?

Amazon has cut jobs in its artificial general intelligence (AGI) group, Reuters reported Wednesday (July 22).

One investor says natural gas is about to do to Microsoft and Amazon what memory chip shortages did to cloud giants, and the squeeze could arrive within six months.

Amazon is laying off some employees in its group focused on artificial general intelligence. The company declined to disclose how many staffers were let go from the unit, which has released a set of AI models, called Nova, and also includes groups working on silicon and quantum computing.

Amazon.com (NASDAQ:AMZN) is well positioned heading into its second-quarter results, according to Bank of America, which raised its estimates for the e-commerce and cloud giant on expectations of stronger Amazon Web Services (AWS) growth fueled by artificial intelligence demand.

Today, July 22, 2026, WTI crude oil jumped above $86 per barrel on Middle East tensions, sparking inflation fears.

Here, we pick four Internet stocks - XYZ, U, AMZN and ANET - that are likely to pull off a beat this earnings season.