US: Earnings Season Driven by AI
Last week, the NASDAQ-100 index rose by 0.84%, while the earnings season showed a clear direction. Strong results from tech giants, especially AI-related companies, dominated, indicating that investments in AI are starting to pay off and shape market expectations.
AMZNAmazon (AMZN)
Amazon's second-quarter results shattered expectations, boosting operating profit by 43.2%. The main driver was the cloud services business AWS, whose revenue grew by 37% supported by increased demand for artificial intelligence. Investments in AI and the optimization of the logistics network have clearly started to pay off, significantly improving profitability. Supported by strong results, the stock rallied 17.0% over the week.
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