Bloomberg Television·2026-07-30 23:04Financial Performance & Corporate Guidance - Amazon Web Services (AWS) achieved its fifth straight quarter of growth, with cloud revenue increasing by 33% above street consensus [1][4] - Amazon reported an AI revenue run rate of 25 billion dollars and expects 2026 capital expenditures (CapEx) to reach 220 billion dollars, largely driven by artificial intelligence [5][47][48] - Rivian generated about 90% of its revenue from software sales, establishing a recurring and predictable high-margin revenue stream [7] - Amazon received 600 million dollars in tariff refunds during the second quarter and issued returns to some customers [70] Market Trends & Macroeconomic Environment - The Philadelphia Semiconductors Index rose by 8%, marking its best daily performance since April, while the S&P gained about 1% [9] - The 30-year Treasury yield remained above 5%, holding at its highest yield since 2007, and U.S. 30-year fixed mortgage rates climbed to 6.88% [10][50] - Global energy markets experienced fluctuations, with Brent crude trading around 80 dollars a barrel, WTI sitting around 83 dollars a barrel, and families spending an average of 500 dollars over the past year on higher energy prices due to geopolitical conflicts [9][10][62] - Elon Musk's super PAC reportedly planned to spend 120 million dollars over the upcoming months to support Republicans in the midterm elections [79]