Betting on AI boosts market confidence! amazon's Q3 cloud computing business is growing rapidly, with the stock price aiming for a historical high.
As one of Amazon's core businesses, AWS Cloud Computing's Q3 revenue reached $27.452 billion, hitting a historical high. The year-on-year growth rate has been accelerating for five consecutive quarters. The operating margin of the AWS division has increased from 35.5% to 38.1%, reaching the highest level for Amazon since 2014.
Amazon Q3 earnings conference: expected to have 75 billion in capital expenditures for the full year, with most of next year's AWS business mainly driven by generative ai.
Amazon (AMZN.US) announced strong third-quarter performance in post-market trading on Thursday.
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