Amazon Web Services has delivered its most robust performance in nearly three years, with revenue surging 20% year-over-year to $33 billion. This represents the biggest growth spike since late 2022 and comes as a significant relief to investors who had grown concerned about AWS losing competitive ground to rival cloud providers. The results signal renewed momentum for Amazon’s cloud computing division, which remains the company’s most profitable segment.
about AWS Posts Strongest Growth in 3 Years, Easing Investor FearsAndy Jassy
0 posts last weekAmazon Cuts 14,000 Jobs as AI Replaces Workers
Amazon is eliminating approximately 14,000 corporate positions across multiple divisions as the company accelerates its adoption of artificial intelligence. CEO Andy Jassy had previously warned that AI implementation would lead to workforce reductions. This marks the e-commerce giant’s second major round of job cuts in recent years, signaling a fundamental shift in how the company approaches workforce management and technological integration.
about Amazon Cuts 14,000 Jobs as AI Replaces WorkersUPS, UnitedHealth Beat Earnings; Amazon Cuts Jobs
Major corporations are making waves with significant workforce reductions and earnings surprises. UPS shares surged after exceeding profit expectations through massive job cuts, while UnitedHealth raised its outlook following a strong quarter. Amazon also joins the trend with substantial corporate layoffs, highlighting a broader pattern of corporate restructuring amid economic uncertainty and technological transformation.
about UPS, UnitedHealth Beat Earnings; Amazon Cuts JobsBill Ackman’s $1.2B Amazon Bet: Conviction Play Analysis
Billionaire investor Bill Ackman made a bold $1.2 billion move into Amazon during Q2 2024, marking his sole new position while maintaining his massive Uber stake. The Pershing Square founder capitalized on Amazon’s temporary dip, seeing long-term value in the tech giant’s diversified business model. This concentrated bet reflects Ackman’s signature strategy of backing high-conviction picks with massive capital deployment.
about Bill Ackman's $1.2B Amazon Bet: Conviction Play AnalysisCathie Wood Invests in Amazon Amid AI Market Concerns
Cathie Wood has recently purchased over 120,000 shares of Amazon, investing more than $28 million across her ETFs, despite a significant drop in the stock due to concerns over a new AI model from Chinese start-up DeepSeek. Wood remains optimistic about Amazon’s heavy investment in AI infrastructure, particularly for AWS, viewing the current dip as a buying opportunity for long-term investors.
about Cathie Wood Invests in Amazon Amid AI Market Concerns