Amazon is set to report its second-quarter results after market close on Thursday. Analysts expect earnings per share of $1.82 and revenue of $196.47 billion. Amazon Web Services revenue is forecast at $40.54 billion and advertising revenue at $19.43 billion. Capital expenditures surged 77% year over year to $44.2 billion in the first quarter, with Morgan Stanley projecting they will reach $218 billion in 2025 and $318 billion in 2028. The stock has gained 3% year to date, compared with an 8% rise for the S&P 500.
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