cnbc_topnews

Amazon tops $3 trillion market cap as stock continues post-earnings surge

📰 source: cnbc_topnews · 💼 business

amazon shares hit a record high monday, pushing its market cap above $3 trillion for the first time. the stock rose about 4%, its best day since may 5, following a strong second-quarter earnings report.

amazon reported adjusted eps of $1.97 versus $1.82 expected, and revenue of $200.61 billion versus $196.47 billion. aws revenue came in at $42.2 billion, well above streetaccount's $40.54 billion forecast. the company also raised its capex guidance to $220 billion for the year, up from the $200 billion projected in february, citing rising memory prices tied to ai buildout.

ceo andy jassy said even that level won't be enough to meet demand in 2026 or 2027, and called the demand for 2028 'striking.' cloud rivals also saw big growth: microsoft azure revenue rose 43% in its fiscal fourth quarter, while google cloud grew 82% last week.

why it matters: amazon's record valuation and capex increase show ai demand remains a powerful growth engine for cloud and tech stocks.

source: cnbc_topnews
sentiment: +0.80 · impact: 0.70

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole