Amazon (AMZN) AWS Revenue Hits $108B as AI Gets 'Triple-Digit' Growth
It has certainly been a struggling year for the US stock market. Amid increased geopolitical tensions and economic frailty, a host of mega-cap stocks are down, with outlooks getting increasingly concerning. However, Amazon (AMZN) has confirmed its impressive growth trajectory, hosting its Amazon Web Services (AWS) business revenue reaching $108 billion, while its AI sector has sported ‘triple-digit’ growth. The update was provided by company CEO Andy Jassy, who recently shared his 2024 shareholder‘s letter. Yet, the biggest question now is just what this means for the company’s stock this year. Can the impressive data set a course correct for the firm? Or will it continue to suffer amid macroeconomic headwinds? Source: Fortune Also Read: Amazon Tells Consumers to Expect Prices to Rise Due to Tariffs Amazon AWS and AI Get Massive Growth Update From CEO: What Does It Mean for the Stock 2025 has not been kind to any of the Magnificent Seven stocks, with no company b...