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5h agoAmazon.com, Inc. shares soar as AI boom fuels stellar growth in AWS cloud unit
Amazon shares surged more than 11% after the company announced 20% year-on-year revenue growth for its cloud arm, Amazon Web Services (AWS), in Q3. While rivals posted higher growth rates (Microsoft Azure ~40%, Google Cloud ~34%), AWS’s sheer scale and regained momentum boosted investor confidence. The retail business also delivered 11% growth, and the advertising segment grew 24% to US$17.7 billion. The earnings result is viewed as a turning point for Amazon’s AI-cloud strategy after a sluggish year-to-date performance.
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positive
5h agoAmazon.com, Inc. shares soar as AI boom fuels stellar growth in AWS cloud unit
Amazon shares surged more than 11% after the company announced 20% year-on-year revenue growth for its cloud arm, Amazon Web Services (AWS), in Q3. While rivals posted higher growth rates (Microsoft Azure ~40%, Google Cloud ~34%), AWS’s sheer scale and regained momentum boosted investor confidence. The retail business also delivered 11% growth, and the advertising segment grew 24% to US$17.7 billion. The earnings result is viewed as a turning point for Amazon’s AI-cloud strategy after a sluggish year-to-date performance.
Explore:Mutual Fund AI Screening
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Amazon.com, Inc. shares soar as AI boom fuels stellar growth in AWS cloud unit
about 5 hours ago
1 min read
79 words
Amazon’s Q3 AWS growth of 20% reignites confidence in its AI-cloud strategy and drives stock jump.
Amazon shares surged more than 11% after the company announced 20% year-on-year revenue growth for its cloud arm, Amazon Web Services (AWS), in Q3. While rivals posted higher growth rates (Microsoft Azure ~40%, Google Cloud ~34%), AWS’s sheer scale and regained momentum boosted investor confidence. The retail business also delivered 11% growth, and the advertising segment grew 24% to US$17.7 billion. The earnings result is viewed as a turning point for Amazon’s AI-cloud strategy after a sluggish year-to-date performance.
Amazon shares surged more than 11% after the company announced 20% year-on-year revenue growth for its cloud arm, Amazon Web Services (AWS), in Q3. While rivals posted higher growth rates (Microsoft Azure ~40%, Google Cloud ~34%), AWS’s sheer scale and regained momentum boosted investor confidence. The retail business also delivered 11% growth, and the advertising segment grew 24% to US$17.7 billion. The earnings result is viewed as a turning point for Amazon’s AI-cloud strategy after a sluggish year-to-date performance.
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Oct 31, 2025 • 21:48 IST