Amazon Beats Cloud Growth Estimates

Amazon's Q3 report reveals a mixed performance: retail sales are down, but AWS is thriving. AWS's 20% revenue growth, driven by AI spending, offsets retail's struggles. Despite a lower-than-expected holiday sales projection, Amazon's stock surges. AWS, contributing 60% of operating income, remains the cloud leader amidst intense competition. The future hinges on retail's recovery and AWS's continued growth. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.