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Why Shouldn’t Amazon Spinoff AWS And Annapurna Labs?
['Timothy Prickett Morgan']
The Next Platform
That Annapurna Labs chips business has been transformative for AWS and for Amazon, which its one of the largest users of AWS services in the world.
It is hard to know if the value of Annapurna Labs is baked into the Amazon stock price or not.
In the quarter, the AWS business had $42.23 billion in revenues, up 36.8 percent year on year and up 12.4 percent sequentially from Q1.
The interesting bit about this GenAI boom is how it has revived growth for AWS overall and for compute in particular.
It is not anywhere near the growth that AWS had when it was a startup, of course, but it is the fastest growth that AWS has seen in four and a half years.