Amazon reported its largest quarterly revenue growth in more than four years, and the market responded the way markets do when existential fears get resolved: it bought everything in sight.
The numbers that moved markets
AWS posted revenue growth of 37% year-over-year, clearing analyst expectations of around 31% by a wide margin.
Amazon shares jumped over 15% in the session following the report.
The company also raised its full-year capital expenditure guidance to $220 billion, an increase of $20 billion from prior projections, with nearly all of that incremental spending earmarked for AI infrastructure.
