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Amazon's cloud business is surging — and so is its capital spending [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Amazon has rebooted Alexa with artificial intelligence, marking the biggest overhaul of the voice-activated assistant since its introduction over a decade ago. Photographer: Michael Nagle/Bloomberg via Getty Images | Image Credits:Michael Nagle/Bloomberg / Getty Images Amazon was one of several tech giants that on Wednesday beat Wall Street's first-quarter earnings expectations, offering more financial evidence that the AI boom continues to reward companies that supply the picks and shovels. 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
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- Amazon (AMZN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance][Yahoo! Finance]
- Amazon Eyes 2026 Entry to Satellite Internet Market Dominated by Musk's Starlink [CNET News][CNET News]
- Amazon's cloud business is surging — and so is its capital spending [TechCrunch][TechCrunch]
- Amazon's quarterly results exceed expectations [Yahoo! Finance][Yahoo! Finance]
- Amazon the chip company? Tech giant says it may sell AI chips as a product, not just a cloud service [Business Insider][Business Insider]
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