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Barchart
Barchart
Oleksandr Pylypenko

Nasdaq Futures Rally on Upbeat Amazon Earnings and Chip Stock Strength

Amazon Inflation United States Martin Kocher China Shanghai Composite Index European Central Bank Unemployment US Federal Reserve

September Nasdaq 100 E-Mini futures (NQU26) are up +1.12% this morning as investors continued to pile back into AI-related stocks following upbeat earnings from tech giant Amazon.

Amazon.com (AMZN) jumped over +12% in pre-market trading after the company’s cloud-computing unit, Amazon Web Services, recorded the fastest quarterly revenue growth since 2021. The revenue growth rate in the AWS segment was 37% in Q2, compared with Wall Street’s expectations of 31%. Such a strong beat allowed investors to look past the company’s $20 billion increase in full-year capex guidance.

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