Core News Facts
Berkshire Hathaway completed the sale of its 2.3 million shares in Amazon during the first quarter of 2026, marking a significant shift as Greg Abel assumed the role of CEO. The divestment is notable, as these shares represented less than 1% of the company’s portfolio. Concurrently, Amazon’s cloud computing division, Amazon Web Services (AWS), reported a 37% increase in sales for the second quarter of 2026, with total revenue growth for the company reaching 20% year-over-year.
CEO Andy Jassy projects AWS could achieve $1 trillion in sales in the future. In light of the performance, Amazon’s stock rose 26% following the report, reflecting growing investor confidence, with an increase of 43% since the start of the first quarter. Analysts have also revised their 12- to 18-month price targets for Amazon, emphasizing a more realistic long-term outlook.
For comparison, Amazon’s year-over-year sales growth has improved from 13% in Q2 2025 to 20% in Q2 2026. The operating income surged 63% during the same period, with AWS operating as a key driver in the company’s growth strategy amidst a robust demand for artificial intelligence solutions.
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