• Amazon (AMZN) reports Q2 this week. Traders focus on AWS revenue (around $40B), capex guidance and AI monetization; market will watch impact on AI spending and semiconductor demand.
  • AMZN filed to deploy up to 5,105 LEO satellites for direct-to-device voice, messaging and data starting 2028; project cost $13–20B, current fleet ~390 satellites, launches may use Blue Origin
  • Barron’s: Google Cloud drove strong Q2 growth, highlighting cloud rivalry. AWS margins have steadily declined as competitors roll out more AI services—key for AMZN traders to watch.
  • AMZN: AWS launched HealthOmics in Asia Pacific (Tokyo), expanding genomic analytics availability to customers in Japan; service now deployable in that region.
  • Amazon sued by Warner Bros. Discovery for alleged employee poaching and contract interference after hire of Pia Barlow; complaint seeks damages and injunctions. Amazon hasn't commented.