Amazon Web Services generated $45.98 billion in revenue in the third quarter, up 39% year over year and above the $45.29 billion forecast by analysts. The growth rate, compared with about 37% in the second quarter, was the fastest recorded since the fourth quarter of 2021. AWS produced $17.77 billion in operating income, up 55%, and now accounts for almost 23% of Amazon’s revenue. Major cloud providers are accelerating their expansion in response to artificial intelligence demand, while Amazon plans to make its Trainium chips available outside AWS in late 2027.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
