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Amazon shares soar as AI demand boosts cloud revenue — and results fire up CEO Andy Jassy

Amazon
New York Post Fews App News Provider
Fews App Post Time 1d ago

Amazon’s cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading. The company projected increased capital spending next year. The online retailer benefited as businesses continue to spend relentlessly on artificial intelligence software development.

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