Amazon surges 14% amid strong earnings
The stocks of major technology companies experienced sharp fluctuations following their second-quarter results for 2026. Amazon's shares surged by 14%, supported by strong growth in its cloud computing unit, Amazon Web Services (AWS), which reported a 37% year-over-year revenue increase—the strongest growth since 2021—despite Amazon's plans to invest $220 billion in AI infrastructure. Meanwhile, Apple’s shares declined by approximately 9%, despite better-than-expected earnings and revenue results. The company is facing supply constraints and a significant shortage of memory components, with revenue growth projections falling below official expectations. Additionally, the prices of some of its products, such as Macs and iPads, have increased, and there is a possibility of higher iPhone prices later this year.
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