Samsung Electronics and SK Hynix shares surged nearly 30% following strong quarterly results from Amazon and Microsoft, which reignited investor confidence in semiconductor demand driven by AI infrastructure needs. Amazon's revenue beat forecasts, with its web services growing fastest since 2021, and Microsoft reported record gains fueled by Azure cloud and Copilot adoption. This sparked a relief rally in Asian tech stocks and US chipmakers, though analysts caution the rebound reflects short-covering in an oversold market rather than full confidence restoration. Despite the rally, South Korea's KOSPI index is still set for its worst July since 1997, down nearly 25%.
Amazon reported strong Q2 2026 earnings, surpassing analyst expectations with an EPS of $1.88 and revenue of $200.61 billion, marking its first quarterly revenue above $200 billion. The growth was mainly fueled by a 26% increase in advertising revenu...
Amazon reported Q2 sales exceeding $200 billion, driven by AI agents improving shopping experiences and business efficiency. AI tools like Alexa for Shopping and Amazon Quick have increased user engagement and productivity, with Alexa users spending ...
Amazon.com reported strong Q2 results with revenue growth accelerating to 20%, driven mainly by a 37% year-over-year increase in AWS revenues and margin expansion. Despite robust performance, Amazon's heavy capital spending of $54 billion caused a $9...
Amazon.com delivered a strong Q2 driven by accelerating e-commerce growth and robust AWS performance, which saw 37% year-over-year revenue growth and a 39.4% margin. The company’s expanding margins and maturing optionalities like Amazon Now, robotics...
Amazon announced it received $600 million in tariff refunds after the Supreme Court ruled many of Trump's tariffs illegal. The company plans to return some of these refunds to customers who were directly charged import fees. Amazon also noted it rece...
