“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY,” Andy Jassy, the president and CEO of Amazon, said in the company’s earnings announcement. “We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity — adding more than 3.8 gigawatts in the past 12 months.”

A major outage last week disrupted Amazon's cloud division for 15 hours, affecting hundreds of companies and raising questions about AWS' resilience.

Experts say the incident revealed what can happen when a such a broad spectrum of companies rely on singular cloud provider.

AWS was the star of the retail giant's Q3 earnings report, with sales in the cloud business growing 20% year-over-year.

Amazon analysts highlight the company's accelerated growth for its AWS cloud segment in the third quarter and strong guidance ahead.

Amazon has multiple strong economic moats. Its cloud and e-commerce businesses have tremendous growth prospects. The company is also continually looking for new markets to conquer. Amazon is no longer the scrappy start-up it was in 1997.

Amazon's cloud computing division delivered the goods in the third quarter, reporting $33.0 billion in sales for a 20% year-over-year growth rate that investors had been itching to see. The latest performance blew past consensus expectations and marks an acceleration from the June quarter's 17.

SAN FRANCISCO (Reuters) -Amazon.com cloud service returned to normal operations on Monday afternoon, the company said, after an internet outage that caused global turmoil among thousands of sites, including some of the web's most popular apps like Snapchat and Reddit.

Shares of Amazon.com Inc. (NASDAQ:AMZN) surged more than 11% in early trading Friday after the tech giant reported better-than-expected third-quarter results, fueled by renewed growth in its Amazon Web Services (AWS) division and soaring demand for artificial intelligence (AI) infrastructure.