Amazon hits $271 after a killer Q2 beat, powered by AWS backlog explosion to $496B and massive AI market potential.

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

July 30 : Amazon.com beat market expectations for quarterly cloud sales growth on Thursday, calming prior fears among investors over hefty planned outlays for artificial…

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