Amazon (AMZN) Stock Pulls Back, but One Growth Engine Is Accelerating

TLDR Amazon stock remains near record levels after reaching a new all-time high following second-quarter results. AWS revenue rose 36.7% year over year to $42.2 billion, while backlog climbed to $496 billion. AWS generated $16.6 billion in operating income and reached an annualized revenue run rate of about $169 billion. Amazon’s custom chip and AI-related [...]

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