Amazon jumps as AWS growth soothes fears over rising AI spending
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Article Excerpt
Amazon jumps as AWS growth soothes fears over rising AI spending
REUTERS
PUBLISHED 1 HOUR AGO
UPDATED 15 MINUTES AGO
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Amazon (AMZN-Q +3.90%
increase
) shares jumped more than 12 per cent before the bell on Friday after the e-commerce and cloud giant posted its strongest cloud growth in over four years, bolstering investor confidence that its multibillion-dollar AI bets are driving a fresh wave of demand.
The rally put Amazon on track to add about US$30…
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Jul 31, 2026