AMZN | Weekly | Haru Insights

Amazon’s AWS revenue reached $42.2 billion in Q2 2026, growing 37% year-over-year, with operating income up 64%, driven by booming demand for AI infrastructure and a $25 billion annual run rate in AI services.
Amazon surpassed $3 trillion in market capitalization, with investor confidence reinforced by a $220 billion AI capital expenditure forecast through 2026, a $53.4 billion non-operating gain from its Anthropic investment, and a landmark legal precedent allowing Perplexity’s AI shopping agents to operate on its platform.

Amazon is positioning AWS as the undisputed engine of the global AI economy, leveraging explosive demand for AI infrastructure to deliver record revenue and profitability—solidifying its dominance in a high-growth frontier.
The $53.4 billion non-operating gain from Anthropic is not just a windfall but a validation of Amazon’s early, visionary bets on generative AI, setting the stage for long-term competitive advantage in a defining technological shift.
With a $220 billion AI capex plan backed by a $496 billion backlog, Amazon is turning massive expenditure into strategic depth, reinforcing its ability to scale faster and deeper than any rival in the AI-driven future.
The entry of Perplexity’s AI shopping agents onto Amazon’s platform marks a pivotal ecosystem expansion—ushering in smarter, more efficient commerce while reinforcing Amazon’s role as the central nervous system of digital consumer behavior.
Amazon’s aggressive rollout of robotaxis in Las Vegas and integration of One Medical with Amazon Pharmacy demonstrate a fearless, end-to-end vision for consumer infrastructure—creating a sticky, multi-layered platform with unparalleled reach and customer lock-in.

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