AWS Growth Hits Four-Year High as Amazon Cloud Revenues Skyrocket

Amazon's stock price surged on Friday after the tech giant reported stronger-than-expected second-quarter earnings, with cloud growth reaching its highest rate in over four years.

The standout story was Amazon Web Services (AWS), which grew 37% to $42.4 billion during the second quarter, exceeding prior growth rates and signaling accelerating demand from enterprise customers.

AWS's growth helped investors overlook concerns about Amazon's rising capital expenditure commitments tied to AI infrastructure buildout, a trend seen across major tech platforms.

Amazon's progress in offering custom AI chips and services also positioned it as a serious competitor in the AI economy's infrastructure layer.