positive
Recently
Amazon Rallies 13% as Cloud Growth and Cost Cuts Impress Wall Street
No Image
Amazon’s 13% stock jump followed 20% AWS revenue growth and restructuring plans that reignited investor confidence in profitability momentum.
Fueled by a stellar rebound in cloud demand, Amazon shares spiked more than 13% after hours. The company revealed a 20% year-on-year rise in AWS revenue, its strongest showing in nearly three years. Alongside upbeat earnings, management outlined a workforce optimization plan involving 14,000 job cuts to streamline operations. Market observers credited the performance to disciplined cost control and accelerating enterprise AI adoption. The combination of growth and efficiency sent optimism through the broader tech sector as analysts lifted profit forecasts.