# Amazon Q2 Earnings Preview: Stock Momentum, AWS Growth, and AI Investments
Discover what's driving Amazon's recent stock momentum as it prepares to release Q2 2024 earnings. Trading around $230, AMZN shares have gained modest 5% YTD but show gathering strength ahead of today's crucial report. Wall Street remains overwhelmingly bullish with unanimous "buy" ratings and price targets averaging $256.
This episode unpacks Amazon's performance across its three major growth engines: North American e-commerce (bolstered by successful Prime Day and same-day delivery expansion), the increasingly profitable advertising business, and AWS cloud services projected for accelerated H2 growth driven by AI infrastructure investments.
We examine analyst expectations for 10% YoY revenue growth and EPS of $1.33, operational efficiency initiatives protecting margins despite global economic uncertainties, and significant corporate developments including Jeff Bezos' planned stock sales. Learn why major investment banks including Citi, Needham, and Piper Sandler have all raised price targets despite persistent macroeconomic challenges facing the tech giant.
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