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Barchart

Mohit Oberoi

Amazon’s Post-Q2 Earnings Rally Has Faded But Don’t Give Up on AMZN Stock Just Yet

Amazon Amazon.com Inc. United States Nvidia Microsoft

The earnings season for Magnificent 7 stocks for the current reporting season is over after Nvidia (NVDA) reported its fiscal Q2 2027 earnings on Aug. 26. While the earnings season began on a sour note after Tesla (TSLA) plunged following its Q2 confessional, it ended on a buoyant note with Nvidia rising 8.7% and adding over $400 billion to its market cap.

Microsoft (MSFT) and Amazon (AMZN) were the only Mag 7 names to see double-digit gains after their June quarter earnings. However, while Microsoft has continued to rip higher and now trades above $500, Amazon has pared some of the post-earnings gains. Let's examine why AMZN has looked weak in recent weeks and analyze the stock's forecast.

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