Amazon’s AI bet pays off as Jeff Bezos gets $25 billion richer, replaces Brin
Amazon shares jumped about 14% on Friday, its biggest one-day gain in over 10 years, after reporting Q2 2026 earnings.
Amazon reported revenue of $206.6 billion, beating estimates of $197 billion; AWS sales rose 37% year-over-year to $42.2 billion.
AWS growth signals strong demand for cloud and AI services, validating Amazon's heavy AI spending.
Jeff Bezos's net worth increased by approximately $25 billion, according to Forbes, due to the share jump.
Forrester analyst Tracy Woo said Amazon's cloud growth is a 'clear indicator' that its AI investments are meeting market demand.
Story angle
Center-left
Mostly straight facts, with a light progressive or opposition-friendly tilt.
About how the story is framed, not whether the facts are true.
Hindustan Times
Center-left
Mixed factuality
