Stocks
Amazon Stock Soars on AWS Cloud Service Dominance
Amazon's AWS cloud service is its biggest profit driver, accounting for about 21% of revenue in Q2. However, it generated 60% of Amazon's operating income during this period.
AWS is growing significantly faster than other divisions, with a 37% increase in revenue compared to North American commerce sales rising by 16%
Amazon's spending big on data centers to meet the demand for computing power from AI hyperscalers. CEO Andy Jassy noted that Amazon will not have enough computing power available to meet demand in 2026.