Reported about 14 hours ago
Amazon Web Services (AWS) reported a remarkable 20% year-over-year growth, largely driven by unprecedented demand for computing power from the AI sector. In its third-quarter earnings, AWS achieved $33.1 billion in sales and an operating income of $11.4 billion. CEO Andy Jassy highlighted the strong demand for AI and core infrastructure, announcing new capacity expansions. AWS continues to secure significant partnerships, indicating a competitive landscape despite concerns over future cloud infrastructure needs.
Source: YAHOO