Browsing: Amazon

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Aug 3 (Reuters) – Amazon’s market value topped $3 trillion for the first time on Monday, helped by a sharp rally following strong earnings and signs that the ‌AI boom is driving fresh demand for its cloud-computing services, the company’s main profit engine

Open weight models have become powerful enough to handle complex tasks such as multi-step agentic workflows, advanced reasoning, and long-horizon coding. However, as these models grow in capability, they also grow in size and hosting multi-trillion parameter architectures requires purpose-built infrastructure, high-end GPU compute, and optimized serving frameworks. On July 27, 2026, Moonshot AI released…

What’s behind the move:The e-commerce and cloud giant topped second quarter expectations as accelerating cloud growth at Amazon Web Services (AWS) helped drive strong results. Amazon also said its AI and custom chip businesses have each surpassed a $25 billion annualized revenue run rate

What’s behind the move:The e-commerce and cloud giant topped second quarter expectations as accelerating cloud growth at Amazon Web Services (AWS) helped drive strong results. Amazon also said its AI and custom chip businesses have each surpassed a $25 billion annualized revenue run rate

Amazon shares surged 14% on Friday while Apple dropped 9% as investors reacted starkly differently to their June quarter earnings reports

The world’s biggest technology companies – including Microsoft, Meta, Google, Apple and Amazon – updated Wall Street this week on their finances

Amazon said it will be increasing this year’s capital spending on technology, mostly artificial intelligence, by an additional 10% after the tech and e-commerce giant delivered strong profits and net sales during for fiscal second quarter, helped by surging growth in its prominent cloud computing unit

Amazon (AMZN) reported its second quarter results after the bell on Thursday, beating expectations on the top and bottom lines, as its AWS AI and chip units both surpassed annual run rates of $25 billion

Amazonreported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading