Amazon (AMZN): Surged +15.32% to $271.58 post-earnings on July 31. Revenue hit $200.6B (+20% YoY), net income soared +243.95% to $62.6B. AWS cloud sales rose sharply with a record backlog — the clearest proof yet that AI spending is paying real bills.
Microsoft (MSFT): Added over $600B in market cap during earnings week, the single biggest winner. Investors rewarded Azure's AI-powered growth trajectory.
