Amazon Shares Soar Most Since 2012 on Cloud Sales Growth

Amazon's stock price has surged by its largest margin since 2012, following the company's announcement of accelerating cloud-computing revenue growth.

The news eased investors' concerns that Amazon would not generate a return on its significant investments in artificial intelligence technology.

Amazon's cloud business has seen rapid expansion in recent years, driven by increasing demand for AI and other technologies. The company's cloud sales have been growing at an accelerating rate, with revenue up significantly from the same period last year.