Amazon's After-Hours Rally Driven by Cloud Growth

3 months ago

Denita Sakova

"Obviously, Amazon is on the move. I'm looking now at more than 11% gain. Of course, it's all about the cloud. Cloud unit posted the strongest growth rate in almost three years. The ticker of course is AMZ and Amazon Web Services posted revenue 33 billion at 20% increase. Analysts were expecting about the 18% growth, so this is well above expectations."

The speaker highlights Amazon's impressive after-hours rally driven by its cloud unit beating growth expectations, emphasizing strong revenue performance and a notable 11% gain. This suggests investor optimism in the earnings results.

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