OpenAI turns to Amazon in $38B cloud services deal
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Here’s hoow AWS, Microsoft Azure and Google Cloud fared during the third-quarter 2025 in terms of cloud revenue, cloud sales growth, operating income and parent company revenue.
Overall, Amazon's revenue rose by 13% year over year to $180.2 billion, which came in above the $177.8 billion analyst consensus, as compiled by LSEG. Earnings per share climbed 36% to $1.95, which easily surpassed analyst expectations of $1.57.
Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading.
Partners with AWS to build fiber network connecting data centers for AI applications, expanding existing collaboration as AI demand grows.
Amazon Web Services (AMZN) plans to build a trans-Atlantic subsea fiber optic cable system to help address the rising demand for cloud computing and artificial intelligence.
CNBC's MacKenzie Sigalos reports on Amazon’s record-setting rally after signing a $38 billion cloud deal with OpenAI.