Amazon.com, Inc. (AMZN)[Tv]

Key Developments

• Amazon’s Q2 2026 earnings delivered a blockbuster performance, with AWS revenue surging 37% year-over-year to $42.2 billion—its fastest growth in nearly five years—driven by explosive demand for generative AI workloads and custom Trainium chips.
• Amazon crossed the $3 trillion market cap milestone, fueled by investor confidence in its AI-led capital strategy, strategic Anthropic investment, and dominance in cloud and logistics—marking a structural shift in how the market values tech giants.
• Amazon secured a $2.6 gigawatt nuclear power agreement with Vistra and committed $20 billion to infrastructure in Pennsylvania, marking a pivotal move to control the energy backbone of its AI expansion and reduce reliance on volatile utility grids.
• Amazon confirmed a $220 billion capital expenditure forecast for 2026, a 10% increase from prior guidance, cementing its aggressive buildout of AI infrastructure, data centers, and the Amazon Leo Direct-to-Device satellite program.
• Amazon’s AWS customer backlog surged to $496 billion, growing at a triple-digit rate with contracts locked through 2028, confirming sustained enterprise demand and turning speculative AI bets into pre-validated infrastructure investment.

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