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Amazon (AMZN) Surges as AWS Growth Hits 37% on Massive AI Chip Deals

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Amazon's AWS revenue surged 37% year-over-year, its fastest growth in 18 quarters, driven by a $496 billion backlog.
  • CEO Andy Jassy highlighted massive multi-gigawatt Trainium chip commitments from Anthropic and OpenAI, including Project Rainier featuring over 500,000 Trainium2 chips.
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AMZN price history

252.06 +9.75% over the displayed period

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