Amazon's Q2 Earnings Surge

Amazon's Q2 sales grew 11% to $134.4 billion, surpassing analyst predictions and leading to a 10% surge in the stock price.

Profit Skyrockets

Amazon's net income for Q2 was $6.7 billion, a significant jump compared to a net loss of $2 billion in the same quarter last year.

AWS Growth

Amazon Web Services (AWS) sales rose 12% in Q2, showing continued strength in the cloud business.

AI and Cloud Leadership

CEO Andy Jassy highlighted the importance of generative AI releases, keeping AWS competitive with Google and Microsoft.

Strong Demand for Advertising

Amazon's ad business saw a 22% increase, with sales reaching $10.7 billion in Q2.

Optimism for the Future

Despite AI's slow impact on AWS gains, Amazon remains optimistic about its future, exploring AI's potential in the e-commerce shopping experience.

Fastest Delivery for Prime Customers

Amazon achieved the fastest delivery speeds for Prime customers while reducing the cost to serve in the fulfillment network.

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Q3 Sales Expectations

Amazon predicts a growth of 9% to 13% in Q3 sales compared to the previous year's quarter, showing confidence in continued success.