Stock Market Today, July 30: Amazon Soars Over 8% After Hours on Earnings Beat

Amazon jumped 8% in after-hours trading July 30 following a second-quarter earnings beat driven by 20% year-over-year revenue growth to $200.61 billion. AWS cloud services powered the upside as the company's AI infrastructure investments began converting to measurable returns.

The rally came despite a $7.6 billion negative free cash flow for the quarter. Amazon disclosed full-year capital expenditures of $173 billion, reflecting aggressive spending on data centers and AI computing capacity that continues to pressure near-term cash generation.

The revenue figure marks one of Amazon's strongest quarterly growth rates in recent periods, validating CEO Andy Jassy's bet on AI workloads within AWS. The cloud division has been racing against Microsoft's Azure and Alphabet's Google Cloud to capture enterprise demand for generative AI services and infrastructure.

The after-hours move added roughly $150 billion to Amazon's market capitalization, though investors will need to reconcile the top-line momentum with ongoing cash burn when regular trading resumes.