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Barchart
Barchart
Mohit Oberoi

What to Watch When Amazon Reports Q2 Earnings This Week

Amazon AWS Amazon.com Inc. FAANG AAPL Google Microsoft

This week, both Apple (AAPL) and Amazon (AMZN) are scheduled to release their quarterly earnings and wrap up the reporting season for FAANG stocks.  With a year-to-date gain of 57%, Amazon is outperforming the tech-heavy Nasdaq Composite ($NASX) in 2023, and is the second-best performing FAANG stock of the year – trailing only Meta Platforms (META) which has soared a whopping 167% this year amid its focus on “efficiency.”

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