Amazon.com Inc. shares fell 9.39% following Q2 earnings results, reflecting a year-to-date decline of 3.68%. Despite this, the stock rose 31.73% over the past year. Q2 net sales increased to $167.7 billion, showing a 13% rise year-over-year, while net income reached $18.2 billion. However, free cash flow significantly decreased due to capital expenditures on AI. Analysts upgraded price targets ranging from $240 to $275. The company also announced the deployment of its millionth robot to improve operational efficiency.
Amazon reported Q2 earnings showing a 13% increase in net sales to $167.7 billion and net income rising to $18.2 billion despite a drop in free cash flow.
Bezos plans to sell up to 25 million shares through May 2026, with nearly three million shares sold for $665.8 million in July.
Analysts have recently upgraded Amazon's price targets, indicating optimism in its future performance with targets ranging from $240 to $275.
The deployment of its one millionth robot and its new AI foundation model is aimed at enhancing operational efficiency and reducing labor dependency.
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