Amazon Soars on Robust Cloud Growth

3 months ago

Nora Melinda

"Well, of course, this one doing well. We're seeing shares of Amazon soaring for their highest level on record here, up as much as 12%. And this, of course, is due to its cloud business. It posted robust cloud growth. This was really reassess uh reassuring investors rather about the tens of billions of dollars being spent. Uh especially as we think about the AI efforts and whether or not they're paying off."

The commentary points out that Amazon's shares are surging, driven by impressive cloud business performance and investor reassurance around its ongoing AI investments.

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