Amazon’s $110 billion cloud business is minting profits even amid the expensive Gen AI arms race—but for how long?
Amazon quarterly financial results on Thursday surpassed analyst expectations, powered by strong revenue growth and record operating income in the company’s $110 billion cloud-computing business, sending its stock soaring as much as 6% in after-hours trading. For the quarter, Amazon generated $1.43 in earnings per share on $158.9 billion in overall revenue, beating average analyst […]