Amazon Stock Soars as AWS Growth Accelerates

Amazon's stock surged 15% after its second-quarter earnings report. The company's cloud computing division, Amazon Web Services (AWS), is driving this growth.

AWS contributed 60% of profit, despite making up only 21% of total sales. This showcases AWS' superior profit profile compared to commerce.

Amazon is investing heavily in its computing capabilities, with a $220 billion data center capital expenditure plan for the year. As this capacity comes online, AWS' revenue will increase significantly.