Live Market Updates
Latest Financial News
News Feed
1 articles
Personalized
Live Market Updates
Latest Financial News
positive
8h agoAmazon Rallies 13% as Cloud Growth and Cost Cuts Impress Wall Street
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.
positive
8h agoAmazon Rallies 13% as Cloud Growth and Cost Cuts Impress Wall Street
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.
positive
Amazon Rallies 13% as Cloud Growth and Cost Cuts Impress Wall Street
about 8 hours ago
1 min read
81 words
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.
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.
Companies:
Amazon
Tags:
Amazon
AWS
Amazon
AWS
earnings
AI
Oct 31, 2025 • 15:25 IST