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Amazon's Q2 'Paper Gains' Inflate Earnings, Stock Valuation

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The Story

News Summary

  • Amazon's Q2 2026 earnings report showed a significant surge, but 85% of the reported income came from unrealized paper gains in its investment in Anthropic.
  • Without these gains, Amazon's earnings per share were much lower, and its P/E ratio was higher than the S&P 500 average.
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