WS #13120
Amazon's Q2 revenue of $200.6B and AWS growth of 37% (fastest in 4 years) with capex raised to $220B lifted Nasdaq futures and validated AI spending, boosting semis and cloud peers. Apple fell ~8% premarket on weak guidance due to memory-cost inflation and supply constraints, with GF Securities downgrade and Jefferies PT cut to $285.56.
Amazon Q2 blowout drives AI rally
Amazon's Q2 revenue of $200.6B and AWS growth of 37% (fastest in 4 years) with capex raised to $220B lifted Nasdaq futures and validated AI spending, boosting semis and cloud peers.
Apple fell ~8% premarket on weak guidance due to memory-cost inflation and supply constraints, with GF Securities downgrade and Jefferies PT cut to $285.56.