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Wall Street Is Rewarding AI Results, Not Just AI Spending
['Patrick Sanders', 'August', 'Min Read']
Yahoo Finance
The release made one thing clear: Amazon's AI strategy is paying off in a big way.
Amazon also recorded a $25 billion annual run rate for its chips business, which includes its custom-built Trainium AI chip.
Amazon Beats on EarningsAmazon's earnings report was solid across the board.
North America sales increased 16% year-over-year (YOY) to $116.2 billion, while International segment sales increased 15% YOY to $42.2 billion.
AWS sales also climbed to $42.2 billion, up 37% YOY, while AWS operating income was strong at $16.6 billion.