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AWS is growing thanks to the AI boom.
AWS earned $26.3 billion in net sales during Amazon’s second quarter — a jump of 19 percent over last year. In Amazon’s Q2 earnings press release, CEO Andy Jassy lauded AWS as a top choice for its AI offerings.
But Amazon’s stock price is down after hours due to lower revenues than expected and disappointing Q3 guidance, CNBC reports.
Amazon.com Announces Second Quarter Results
[businesswire]
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