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Amazon Shares Surge on Strong Cloud Business Growth

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Insights by Echo AI

Amazon's shares surged after its cloud business, Amazon Web Services (AWS), grew at its fastest pace in four years. The growth rate was 37%, with the cloud business being a significant driver of the company's overall performance. This strong growth led to a 9.5% increase in Amazon's stock on the Wall Street, marking its best day in over a decade.

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9 Sources

  1. Financial Times avatar

    Financial Times

    RSS / @ft.com/us/rss.xml

    Amazon shares surge after cloud business grows at fastest pace in four...

  2. Financial Times avatar

    Financial Times

    X / Twitter / @FT

    Amazon shares surge higher after cloud business grows 37% https://t.co...

  3. CNBC‑TV18 avatar

    CNBC‑TV18

    X / Twitter / @CNBCTV18Live

    #Amazon shares jump 9% in extended trade on strong results, AWS growth...

  4. Investing.com avatar

    Investing.com

    RSS / @investing.com/rss/news.rss

    Amazon shares rally as cloud growth surges and spending outlook climbs

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