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Amazon AI Boom Powers AWS Surge | Raleigh News
Amazon’s stock is soaring after a blockbuster earnings report, fueled by explosive growth in AWS cloud services and AI investments paying off. AWS revenue jumped 37%, backed by a $500 billion sales backlog and $25 billion in annual AI-related revenue. While cash flow took a hit due to heavy infrastructure spending, analysts like JPMorgan see this as a temporary hurdle — they’ve raised their price target to $365, betting on AWS’s long-term dominance. Despite slower growth than rivals, Amazon’s scale and momentum make Wall Street bullish on its AI-driven future. Listen in comfort:Get a discount…
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