"growing at a pace we haven't seen since 2022."
"We continue to see strong demand in AI and core infrastructure,"
"This banner quarter could mark a turning point for investor sentiment and set the stage for Amazon to reclaim a leadership role among large-cap tech stocks heading into year-end,"
"not financially driven"
Amazon's stock rose more than 13% after reporting significant third-quarter growth, including gains at Amazon Web Services. AWS is growing at a pace not seen since 2022, with particularly strong demand for AI offerings and core infrastructure. The results exceeded Wall Street expectations and eased investor concerns after Amazon lagged other large-cap tech names this year. The quarter could mark a turning point for investor sentiment and position Amazon to reclaim a leadership role among large-cap tech stocks heading into year-end. The company announced 14,000 job cuts earlier in the week, described as "not financially driven" and intended to make the company faster after years of head count growth.
Read at Business Insider
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