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Amazon jumps as AWS growth soothes fears over its AI spending — Blankdot

thenextweb.com4 days ago

Amazon jumps as AWS growth soothes fears over its AI spending

Amazon jumps as AWS growth soothes fears over its AI spending

Amazon shares jumped more than 12% after its cloud division posted its fastest growth in over four years, easing investor fears that the company’s ballooning AI spending was running ahead of the payoff. Amazon Web Services grew 37% in the second quarter, well past the roughly 31% analysts expected,…

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