Amazon’s stock surged ten percent premarket after beating expectations with a blockbuster Q2, driven by explosive growth in AWS—its cloud division. AWS is not only dominating traditional cloud services but also powering Amazon’s AI ambitions, with both AI and custom chip operations generating over $25 billion annually. Despite ramping up capital expenditures to $220 billion, investors are thrilled, calling it a “home run” quarter. Demand is so high that Amazon is already planning expansions through 2028, with most capacity booked—clearly betting big on AI’s future.
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