Amazon soars as cloud revenue surge allays fears over ballooning AI bets

Source: The Times of India· Reuters· August 1, 2026
Amazon soars as cloud revenue surge allays fears over ballooning AI bets

Amazon shares surged after robust cloud sales growth validated AI investments. The company posted its strongest cloud growth in over four years. This performance justifies a significant increase in planned capital spending for 2026. Unlike some rivals, Ama…

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