Business

Amazon Shares Surge After Jassy’s AI Investment Pitch

Updated 2026-07-30 23:40 UTC 1 source Positive

Amazon's stock surged by about 10% after CEO Andy Jassy defended the company's significant AI investments. The shares reached their highest level since early June, reflecting investor confidence in Amazon's strategic direction.

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CNBC

Amazon soars after CEO Andy Jassy makes the case for its massive AI investment

Amazon jumped about 10% to $258 in after-hours trading, putting shares at their highest level since early June.

2026-07-30 23:27 UTC