Amazon (AMZN) will report second-quarter results later today, with its stock beaten down of late by fears about AI spending.
To determine whether its AI push is working, Wall Street will be hyper-focused on growth for the Amazon Web Services cloud business
Analysts polled by FactSet forecast that AWS sales will grow 31.3% to $40.54 billion. However, strong June quarter… Related news Stock Market Today: Dow, Nasdaq Rebound Sharply; Fortinet Up, Meta Slammed After Earnings (Live Coverage) 7/30/2026 Stock Market Today: The Dow Jones index rallies with the Nasdaq composite following a Fed Day tumble. Meta stock plunges… 7/30/2026 Stock Market Today: The Dow Jones index rallies with the