Amazon reports Q2 revenue up 20% YoY to $200.6B, net income up 245% to $62.6B, operating income up 43% to $27.5B, and a $25B+ annual revenue run rate for chips
THE SO WHAT
A $25B+ chip revenue run rate alongside 20% top-line and 245% net income growth shows Amazon is now a full-stack compute company — not just cloud and retail. If you're in the AI hardware or infra ecosystem, assume Amazon is both a critical channel and a direct competitor in more parts of the stack.
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