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Amazon's latest earnings report confirms its heavy spending on AI is yielding returns, particularly in its AWS cloud division, sparking a wider stock rally.
Amazon stock surged over 13% after its latest earnings report, driven by a significant reacceleration in AWS revenue growth and a positive shift in its AI narrative. The company increased its capital
Amazon's cloud division, AWS, reported its strongest growth in nearly three years, with sales surging 20% to $33 billion, fueled by massive demand for AI.
A massive AWS outage that disrupted the internet for over 15 hours is raising questions about the impact of recent layoffs and the company's growing reliance on AI.
Amazon Web Services experienced a major outage originating from its Northern Virginia data centers, causing widespread disruptions for global online services.
Internal Amazon documents show AI startups are shifting spending to AI models and tools, delaying investment in traditional AWS cloud services.
Amazon Web Services (AWS) has launched Quick Suite, an advanced AI tool for businesses. It offers chatbots and AI agents for data analysis, reporting, and content summarization, costing $20 per user p
Amazon Web Services has released the AgentCore MCP Server, a new tool designed to automate and accelerate the development of generative AI agents on its Bedrock platform.
Wells Fargo upgraded Amazon stock to "buy," citing strong potential for its AWS cloud division driven by a multi-billion dollar investment in AI firm Anthropic.
