Amazon Surges as AWS Delivers Strongest Growth in 18 Quarters

This earnings season, investors are scrutinizing corporate reports for tangible business results from massive AI spending. Amazon's quarterly report was a major beneficiary of this trend, with its shares rising by approximately 27% over three trading sessions after releasing the report.

The increase pushed Amazon's market capitalization up to $3.06 trillion, making it the fifth corporation to cross that mark, following Apple, Microsoft, Nvidia, and Alphabet.

The main growth driver behind Amazon's rise was Amazon Web Services (AWS), with sales increasing by 37% year over year, beating expectations and marking the fastest expansion in 18 quarters. This strong performance reassured investors that Amazon can monetize its rapidly expanding AI infrastructure.