Heurist Finance

Amazon shares surge nearly 14% on strong second-quarter earnings driven by cloud business growth.

Seekingalpha · 3 days ago
AMZN
Amazon shares surge nearly 14% on strong second-quarter earnings driven by cloud business growth.
  • Amazon shares surged nearly 14% in early trading following the release of its second-quarter earnings report.
  • The positive earnings results were primarily driven by the strength of Amazon's cloud business.
  • ETFs with large allocations to Amazon, including Global X PureCap MSCI Consumer Discretionary, VanEck Consumer Discretionary TruSector, and ProShares Online Retail, are seeing increased attention due to the rally.

Sources