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Amazon reports strong profits and net sales for 2Q, fueled by robust growth in cloud computing unit

Amazon plans to increase its technology spending by $20 billion following impressive Q2 results, driven by a 37% surge in cloud computing sales. CEO Andy Jassy highlights rising memory chip costs as a key factor for this investment, while s...

AP News· Jul 31, 2026 · 12:46 PM · 3 views

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Amazon plans to increase its technology spending by $20 billion following impressive Q2 results, driven by a 37% surge in cloud computing sales. CEO Andy Jassy highlights rising memory chip costs as a key factor for this investment, while shares jumped over 9% amid growing demand for services.

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#news #breaking #Amazon #AI #technology #Q2results #cloudcomputing #investing

Originally reported by AP News. Read the full story →

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