Amazon posts Q2 revenue beat, accelerating cloud growth
Amazon projected its 2026 capex will reach $200 billion, and some analysts believe the total could rise in the face of surging artificial intelligence demand.
AI Summary
Amazon is set to report second-quarter earnings with analysts focused on AWS revenue and advertising, while capital expenditure remains a key concern amid surging AI demand. The company previously projected 2026 capex at $200 billion, but first-quarter spending hit $44.2 billion, up 77% year over year, and several analysts expect Amazon to raise its forecast. Investors are watching closely after recent market volatility tied to other tech firms' capex hikes and AI spending.