Amazon (NASDAQ: AMZN) stock returned nothing during the first seven months of 2026.
But it has risen by 25% to a fresh record high since July 30, when the company reported its second-quarter operating results
Amazon had a great quarter across the board, with its e-commerce, cloud computing, and digital advertising businesses producing accelerating revenue growth. But while discussing these results during his conference call with investors, Chief Executive Officer Andy Jassy made one particular comment about the company’s cloud business that whipped Wall Street into a frenzy. Here’s what he said and why it could spark a sustained rally in Amazon stock.
Amazon Web Services could become a trillion-dollar business Amazon Web Services (AWS) is Amazon’s industry-leading cloud computing platform. It offers hundreds of services to help businesses thrive in the digital age, but its expanding portfolio of artificial intelligence (AI) tools is the main driver of the recent acceleration in its revenue growth. AWS operates data centers worldwide that house thousands of chips and components specifically designed to process AI workloads.