Amazon reported second-quarter results on July 30 with AWS revenue at $42.2 billion, up 37 percent year over year against a 31.21 percent consensus estimate. Shares rose 4 percent intraday and 6 percent in extended trading. The company recorded a $7.6 billion trailing twelve-month cash burn compared with $18.2 billion positive free cash flow a year earlier, amid projected Big Tech AI investments exceeding $700 billion.