Looking at specific segments, Amazon says North America sales increased 11% year-over-year to $100.1 billion; international revenue rose 16% to $36.8 billion (or increased 11% excluding changes in foreign exchange rates); and AWS (Amazon Web Services) sales jumped 17.5% to $30.9 billion.

From the question of where Amazon is in the AI race to forecasts for the next quarter, here are four key takeaways from the Q2 earnings call.

I contend this is the case, which makes the stock's recent setback a fantastic buying opportunity. Here's the deal.