JPMorgan raised its Amazon stock target after AWS growth accelerated, but rising AI spending and negative free cash flow remain central risks

Amazon posted its second-quarter earnings after the closing bell on Thursday. Cloud growth vastly exceeded expectations.

U.S. stocks rose Friday to finish a wildJuly for Wall Street as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation staying high. The S&P 500 climbed 0.7% after veering between gains and losses through the day.

Amazon.com Inc surpassed US$3 trillion in market value for the first time, becoming only the fifth company to ever reach the milestone.

Amazon's market value crossed the $3 trillion mark for the first time on Monday after investors rewarded the company for a stronger-than-expected earnings report that reinforced the view that artificial intelligence spending is beginning to generate meaningful returns through its cloud computing business.

Amazon.com, Inc.'s (AMZN) data center capex is beginning to yield returns. Read why this may challenge market skepticism about AI infrastructure investments.

Amazon is due to report earnings Thursday afternoon, with traders expecting a big move from the e-commerce giant’s stock.

Amazon surpassed a $3 trillion market value Aug. 3, becoming the fifth company to reach the milestone as shares climbed as much as 5.3%. Investor concerns about AI spending eased after Amazon reported its fastest AWS revenue growth since 2021,

Amazon stock surged after strong Q2 results as the company completed its $50 billion OpenAI investment and raised spending on AI infrastructure growth