TLDR Amazon stock jumps 14.53% as strong Q2 earnings fuel renewed market momentum Amazon completes its $50 billion OpenAI investment after meeting key milestones AWS revenue rises 36.7% as AI
Amazon shares surged 14.53% to $269.73 after the company reported strong second-quarter financial results. Higher revenue, operating income, cloud demand, and advertising sales supported the sharp post-earnings advance. Amazon completed its planned $50 billion investment in OpenAI after fulfilling the remaining funding commitment.
Amazon finalized the investment by providing the remaining $35 billion under an earlier equity agreement. The company had already invested $15 billion in OpenAI’s Series C preferred stock. Therefore, both payments brought Amazon’s total investment in OpenAI to $50 billion.
Amazon disclosed the commitment through a Form 8-K filing dated February 27, 2026. An Amazon subsidiary agreed to purchase another $35 billion of OpenAI Series C preferred shares. The agreement required OpenAI to complete specified milestones or pursue a public listing.
Amazon later confirmed the completed funding through a quarterly Securities and Exchange Commission filing. The transaction strengthened Amazon’s position within the growing artificial intelligence infrastructure market. It also connected OpenAI’s computing requirements with Amazon’s wider cloud and data-center expansion strategy.
Amazon reported second-quarter revenue of $200.6 billion, representing 20% growth from the previous year. Operating income increased 43% year-over-year and reached $27.5 billion during the quarter. Additionally, AWS revenue climbed 36.7% as demand increased across cloud and artificial intelligence services.
Chief Executive Andy Jassy said AWS’s artificial intelligence revenue run rate exceeded $25 billion. That segment also recorded triple-digit percentage growth compared with the same period last year. Amazon raised its 2026 capital expenditure guidance to $220 billion to support infrastructure demand.
Amazon Ads generated $19.8 billion in quarterly revenue, marking 26% annual growth. Sponsored Products remained Amazon’s largest advertising service and continued to support overall sales growth. Amazon expanded its automated advertising targeting tools into 11 additional countries during the year.
Amazon Amazon (AMZN) Stock: Seeks FCC Approval for 5,000 Direct-to-Phone Satellitesstock traded well above the previous support area near $235.50 following the earnings report. Buyers kept the shares near their session highs as trading continued through the afternoon. The stock subsequently held within the $268 to $270 range during the session.
Amazon also recorded stronger advertising activity across Prime Video and its live sports portfolio. The company added 30 new NBA advertisers during the first year of its partnership.Advertising inventory across NBA, WNBA, NASCAR, and Thursday Night Football sold out.
Independent agency Skai reported increased use of Amazon’s demand-side advertising platform during the quarter. Clicks through Amazon DSP more than doubled year-over-year, while average costs per click declined. During Prime Day, DSP’s share of Amazon Ads spending rose from 17.9% to 25.5%.
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