AWS Crushes Q2 Growth Expectations with 37% Revenue Surge

AWS posted outstanding Q2 results, growing its revenue by 37% to $42.2 billion and increasing its backlog by 154% to $496 billion.

The company's AI business is now at an annualized run rate of $25 billion, while its chip business has reached the same level.

AWS CEO Matt Garman and Amazon CEO Andy Jassy have worked diligently to return the cloud category-king to high growth levels, creating a powerful interplay between AWS's cloud portfolio and AI portfolio.