Is Amazon Stock a Buy After Its Best Quarter in Years?

Amazon reported its fastest revenue growth in five years at 20% in Q2 2026, driven by strong performance across all segments, particularly AWS which grew 37% fueled by AI demand. The company is forecasting $200 billion in capital expenditures for data centers. With a valuation now on par with the S&P 500 and strong operating leverage, the analyst rates Amazon stock as a clear buy.