Amazon Stock Climbs With Earnings Due. Google And Microsoft Just Raised The Cloud Stakes.

Amazon (AMZN) will report second-quarter results later today, with its stock beaten down of late by fears about AI spending. To determine whether its AI push is working, Wall Street will be hyper-focused on growth for the Amazon Web Services cloud business. Analysts polled by FactSet forecast that AWS sales will grow 31.3% to $40.54 billion. However, strong June quarter…