Amazon pre-market rises 13% on strong Q2 earnings and AI outlook

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Amazon shares rose 13% in pre-market trading after Q2 2026 earnings surpassed expectations. AWS revenue growth reached an 18-quarter high, and the company raised its full-year capital spending guidance. Amazon sees long-term potential in the trillion-dollar AI market, with computing power shortages expected to persist through 2028. This positive outlook contrasts with a recent decline in the Fear & Greed Index.

Odaily Planet Daily reports, according to MSX.COM data, Amazon's pre-market gain has reached 13%.

Previously, the company reported that its Q2 2026 financial results exceeded expectations in both performance and profitability, with AWS cloud revenue growth reaching its highest level in 18 quarters. The company raised its full-year 2026 capital expenditure guidance and expressed an optimistic outlook on AI’s long-term revenue potential, estimating a trillion-dollar market opportunity. The trend of insufficient AI computing supply is expected to persist, with the supply gap likely to continue through 2028.

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