Amazon Q2 Earnings Preview: Powering The AI Race With Massive Advantage

Amazon will release its Q2 results on Thursday, July 30. Ahead of the release, shares are up about 8% YTD and 1.5% on the month. The company has continued to seize the reins in the AI race, but this has come at the cost of higher spending and surprisingly higher rates on recent debt sales. I expect the outlook to remain positive and see Amazon reporting better-than-expected results, though I still view shares as a ‘hold’ at current pricing. Sentiment in Amazon.com, Inc. (AMZN) ahead of its Q2 release on July 30 is incredibly strong. Among the analyst communities, for example, there is a seemingly unanimous consensus that shares in the stock.