Amazon reported strong Q2 results, beating revenue and earnings estimates. Shares jumped 11.9% in pre-market trading while other stocks also saw gains/losses.

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 shares are trading higher Thursday as traders rally around AWS momentum ahead of the company's Q2 earnings release after the bell.