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.

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.

Amazon’s (AMZN) second-quarter results last night exceeded expectations, showcasing the strength and resilience of its core businesses. Yet, the market responded with a sharp selloff, sending AMZN shares down more than 6% in early trading today.