Amazon Jumps 9% After Strong Cloud And Ad Growth

Amazon stock jumped nearly 9% after the retail and tech giant reported quarterly sales of $200.6 billion. The stellar performance came alongside the fastest growth for Amazon Web Services in 18 quarters, signaling strong enterprise demand for cloud computing.

While this is a traditional tech stock story, big moves in major equities often set the tone for broader risk appetite across global markets. Strong earnings from industry leaders tend to boost investor confidence, which frequently spills over into digital assets as traders look for growth opportunities.

Market participants will be watching to see if this momentum holds across the broader tech sector in the coming weeks. Continued strength in traditional markets could provide a supportive background for crypto prices as liquidity flows back into risk on assets.