Amazon reported quarterly results that far exceeded expectations, with revenue of $200 billion, up 20% year over year, and operating income of $27.46 billion, rising 43%. Shares jumped about 10% in after-hours trading, driven by 36.8% growth at Amazon Web Services (AWS), its fastest pace in 18 quarters. CEO Andy Jassy convinced investors by explaining how its massive AI investments would generate attractive returns. Capital expenditures guidance for 2025 was raised by $20 billion to $220 billion.
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