Amazon will announce its Q2 earnings amid high expectations for AI growth. Following Google and Microsoft’s strong results, Amazon is under pressure to show its AI investments are paying off. Microsoft’s Azure business brought in $75 billion, pushing its market cap over $4 trillion. Google reported cloud revenue up 32% and search sales rising 12%.

Amazon is expected to report EPS of $1.32 on revenue of $162.1 billion, with AWS revenue topping $30.7 billion. CEO Andy Jassy highlighted triple-digit growth in the AI business. Analysts predict strong revenue trends in the second half of the year, potentially accelerating AWS revenue. Online store revenue is expected to reach $59.1 billion.

CEO Andy Jassy noted consumer resilience in Q2, with no demand slowdown. Analysts anticipate a favorable impact on International Retail sales due to a weakening dollar against European currencies. Amazon’s stock price has seen significant gains year over year, with high expectations for its AI buildout driving revenue growth for AWS.

Read more at Yahoo Finance: Pressure is on for Amazon to deliver strong Q2 earnings results following big beats by Google, Microsoft