Amazon.com Inc. saw a 3.90% increase in stock value over five trading sessions, with a year-to-date gain of 4.91% and a yearly increase of 29.63%. In Q2 earnings, net sales rose by 13% to $167.7 billion, and net income reached $18.2 billion. Free cash flow decreased significantly due to capital expenditures on AI. The company deployed its 1 millionth robot in July, aiming for enhanced efficiency and cost savings through automation. Analysts have also raised their price targets for AMZN, signaling positive market sentiment.
Shares of Amazon.com Inc. gained 3.90% over the past five trading sessions, increasing its year-to-date gain to 4.91% and a yearly gain of 29.63%.
In its Q2 earnings call, the company reported net sales increased 13% to $167.7 billion, with an increased net income of $18.2 billion.
Amazon deployed its 1 millionth robot in July, integrating an AI foundation model to enhance operations in its robotic fleet and automated fulfillment.
Analysts have raised their price targets for Amazon shares, indicating continued confidence in the company's future performance and growth prospects.
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