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Stockreport

Amazon's cloud business is surging — and so is its capital spending [TechCrunch]

Amazon.com, Inc. (AMZN)  More Company Research Source: TechCrunch
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Amazon's cloud business is the latest example. Amazon Web Services, buoyed by its role in fueling the AI boom , saw its net sales increase 28% year-over-year, climbing to $37.6 billion, the company said Wednesday. It was the fastest growth rate for AWS in 15 quarters, Amazon president and CEO Andy Jassy said during the company's earnings call. Jassy attributed AWS' success to its role in providing compute to the AI industry. “It's very unusual for business to grow this fast on a base this large. The last time we saw growth at this clip, AWS was roughly half the size,” Jassy said. “We've never seen a technology grow as rapidly as AI. Amazon is already a leader, and companies continue to choose AWS for AI.” Jassy compared the business unit's growth to the aughts. “To put our growth in perspective, three years after AWS launched, it had a $58 million revenue run rate. [During] the first three years of this AI wave, AWS's AI revenue run rate is over $15 billion — nearly 260 times l [Read more]
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Stockreport

Amazon's cloud business is surging — and so is its capital spending [TechCrunch]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: TechCrunch
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Amazon's cloud business is the latest example. Amazon Web Services, buoyed by its role in fueling the AI boom , saw its net sales increase 28% year-over-year, climbing to $37.6 billion, the company said Wednesday. It was the fastest growth rate for AWS in 15 quarters, Amazon president and CEO Andy Jassy said during the company's earnings call. Jassy attributed AWS' success to its role in providing compute to the AI industry. “It's very unusual for business to grow this fast on a base this large. The last time we saw growth at this clip, AWS was roughly half the size,” Jassy said. “We've never seen a technology grow as rapidly as AI. Amazon is already a leader, and companies continue to choose AWS for AI.” Jassy compared the business unit's growth to the aughts. “To put our growth in perspective, three years after AWS launched, it had a $58 million revenue run rate. [During] the first three years of this AI wave, AWS's AI revenue run rate is over $15 billion — nearly 260 times l [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS