positive
Amazon shares surge as AI boom fuels stellar growth in AWS cloud unit
Amazon.com Inc. shares soared more than 11% after its cloud business, Amazon Web Services, delivered a 20% revenue rise in Q3 — one of its strongest in nearly three years. The jump eased concerns that Amazon was lagging rivals in the AI-race, even as competitors like Microsoft Corporation and Google LLC posted higher growth rates. Investors interpreted the result as validation of Amazon’s infrastructure push in cloud and AI. The performance underlines how tech giants remain key market drivers amid broader macro uncertainty.
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- stocks
- tech
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positive
Amazon shares surge as AI boom fuels stellar growth in AWS cloud unit
Amazon.com Inc. shares soared more than 11% after its cloud business, Amazon Web Services, delivered a 20% revenue rise in Q3 — one of its strongest in nearly three years. The jump eased concerns that Amazon was lagging rivals in the AI-race, even as competitors like Microsoft Corporation and Google LLC posted higher growth rates. Investors interpreted the result as validation of Amazon’s infrastructure push in cloud and AI. The performance underlines how tech giants remain key market drivers amid broader macro uncertainty.
Tags:
- stocks
- tech
1 min read
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Amazon’s Q3 AWS growth of 20% reignites confidence in its AI-cloud strategy and drives a share-price jump.
Amazon.com Inc. shares soared more than 11% after its cloud business, Amazon Web Services, delivered a 20% revenue rise in Q3 — one of its strongest in nearly three years. The jump eased concerns that Amazon was lagging rivals in the AI-race, even as competitors like Microsoft Corporation and Google LLC posted higher growth rates. Investors interpreted the result as validation of Amazon’s infrastructure push in cloud and AI. The performance underlines how tech giants remain key market drivers amid broader macro uncertainty.
Amazon.com Inc. shares soared more than 11% after its cloud business, Amazon Web Services, delivered a 20% revenue rise in Q3 — one of its strongest in nearly three years. The jump eased concerns that Amazon was lagging rivals in the AI-race, even as competitors like Microsoft Corporation and Google LLC posted higher growth rates. Investors interpreted the result as validation of Amazon’s infrastructure push in cloud and AI. The performance underlines how tech giants remain key market drivers amid broader macro uncertainty.
Tags:
- stocks
- tech
- stocks
- tech
- cloud
- ai