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Amazon Premarket Gains 13% on Booming Cloud Business

On July 31, Amazon's premarket shares rose 13% after the company released its Q2 2026 earnings report, with both performance and profitability beating expectations. AWS cloud business revenue growth hit a new high in 18 quarters. The company raised its full-year 2026 capital expenditure guidance and gave an optimistic outlook for AI's long-term trillion-dollar revenue potential: the trend of AI computing power supply shortage will continue, and the supply gap may persist until 2028.

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