Amazon will release its Q2 results on Thursday, July 30. Ahead of the release, shares are up about 8% YTD and 1.5% on the month. The company has continued to seize the reins in the AI race, but this has come at the cost of higher spending and surprisingly higher rates on recent debt sales.

Amazon stock has struggled to keep pace with the broader market this year as investor sentiment toward hyperscalers has cooled. AMZN is up about 8% year to date and just 10% over the past 12 months, lagging many large-cap peers.

The AI business, backed by Amazon's name, cash, and client list, is growing rapidly. It's planning to have same-day delivery available in 4,500 U.S. cities by the end of the year.

Dave Brown, one of the most senior executives at Amazon Web Services, will bring his nearly two decades of experience to Meta.

Amazon's in-house chip business has topped a $20 billion annual revenue run rate and is growing at triple-digit rates year over year. Customers have committed more than $225 billion in future revenue for the company's Trainium chips.

The latest trading day saw Amazon (AMZN) settling at $249.89, representing a -1.99% change from its previous close.

AWS ended Q1 with a massive $364 billion backlog, up 49% quarter over quarter. A sizable portion of AWS spending commitments have been made by Anthropic and OpenAI, which are generating significantly less revenue than their obligations.

Amazon is an e-commerce and cloud computing juggernaut. Alphabet has a strong collection of leading and emerging businesses.

SEATTLE--(BUSINESS WIRE)--Amazon.com, Inc. (NASDAQ: AMZN) announced today that it will hold a conference call to discuss its second quarter 2026 financial results on Thursday, July 30, 2026, at 2:00 p.m. PT/5:00 p.m. ET.The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir.