Amazon (AMZN) will release Q2 earnings on July 30. Analysts expect $1.82 EPS and $196.25B revenue. Stock fell 1.8% Wed. See analyst ratings and targets.

Amazon.com seeks to prove Project Kuiper can rival Starlink as earnings test its AI and data-center buildout without draining cash flow.

Amazon has shown momentum for its AWS segment in recent quarters. The trend could continue in Q2 results Thursday.

Amazon Web Services cloud revenue surged significantly, surpassing market forecasts. This strong performance was fueled by increased enterprise artificial intelligence spending. …