Amazon Reports Strong Q2 Revenue and Cloud Growth, Increases Capital Spending Forecast

Amazon's Q2 revenue surpassed expectations, driven by robust growth in Amazon Web Services (AWS), which saw its strongest performance in over four years. This strong demand for AI infrastructure led the company to raise its annual capital spending forecast to $220 billion, indicating continued investment in expanding computing capacity. The results caused Amazon's stock to climb over 8% in extended trading, highlighting investor confidence in its cloud and AI strategy.