Amazon beats Q2 estimates… AI and chip businesses surpass $25B annualized run rate
AMZN Amazon.com Inc
$236.07 +4.16%
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- 1Amazon (AMZN) posted Q2 revenue of $200.6B and EPS of $5.75, exceeding market expectations.
- 2Its AWS AI and chip businesses each surpassed an annualized run rate of $25B, with AWS growing 36.7% year-over-year.
- 3Shares surged 12% in Friday's premarket, while AI investment pushed free cash flow down to negative $7.6B.
This 3-line summary is compiled from the report below.
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