OpenAI signs $38B deal with Amazon
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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 analysts highlight the company's accelerated growth for its AWS cloud segment in the third quarter and strong guidance ahead.
Amazon shares surged more than 11% in early trading on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.
Amazon.com, Inc. stock is undervalued, with AWS leading the AI-driven cloud market and the OpenAI deal set to boost long-term performance. Click for my AMZN update.
On Wednesday Amazon announced the completion of its data-center initiative Project Rainier, which will primarily be used to service Anthropic's compute needs. The company expects Anthropic's Claude to be using over one million of Amazon's custom Trainium2 chips by year-end.
AWS was the star of the retail giant's Q3 earnings report, with sales in the cloud business growing 20% year-over-year.
Amazon extended CloudWatch with automatic incident report generation. This is supposed to take only a few minutes, which, however, didn't work during its outage.
Amazon reported its third-quarter 2025 earnings Thursday, revealing revenue rose 13% for the June-September period. For the Amazon Web Services (AWS) segment, Amazon saw a 20% increase in sales compared to Q3 2024 with revenue standing at $33 billion.
Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction. An Amazon spokesperson ...