The Ephemeral Rally: What's Behind Amazon's Post Q2 Stock Slump Amazon's second quarter earnings report, released in June, sent shockwaves through the tech industry.
Revenue growth from Amazon Web Services (AWS) was particularly encouraging, with a 37% year over year increase. However, Wall Street's euphoria often proves short lived.
Investors may have been overly optimistic about Amazon's Q2 report. While AWS' performance was strong, it wasn't as stellar as Microsoft's.