Amazon shares jump more than 9% as AWS revenue rises 37% and AI demand lifts results
Amazon posted a major earnings and revenue beat, led by AWS revenue growth of 37% and accelerating AI services demand, reinforcing confidence in hyperscaler AI monetization. The quarter benefited from a large unrealized gain on its Anthropic stake, while raised capex guidance signals sustained infrastructure buildout despite pressured free cash flow. After-hours strength suggests near-term support for megacap tech and cloud-exposed peers.
AI Insight · NCSKAMZN2USD/USDTAI Insight
▲ Bullish
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Amazon reported a sharp earnings beat, with profit of $5.75 per share versus Wall Street’s $1.82 estimate. Revenue totaled $200.61 billion, up 20% year on year, while Amazon Web Services brought in $42.2 billion, up 37%. Net income reached $62.6 billion, helped by a $53 billion unrealized gain tied to its stake in AI lab Anthropic. The results underscore accelerating commercialization of the company’s cloud and AI strategy.