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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On November 1st ET, $Amazon(AMZN.US)$ had active options trading, with a total trading volume of 1.6 million options for the day, of which put options accounted for 31.81% of the total transactions,
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Express News | U.S. three major indexes collectively closed higher, with intel and amazon leading the technology stocks.
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Amazon's profits far exceed expectations, with the stock price soaring 6% close to a historical high.
Amazon's third-quarter financial report shows profits exceeding market expectations, with stock prices rising 6% and nearing historical highs. Driven by cloud computing, advertising, and generative ai businesses, both revenue and earnings per share are higher than analyst expectations. The company expects revenue to continue to grow in the next quarter, further solidifying its market position.
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