Amazon shares jumped over 11% pre-market after strong Q2 results, with Chris Ballard saying its AI investments are already “monetizing.”

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

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