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Amazon AWS Surges 37% as Oracle Sparks Cloud Pricing War

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

News Summary

  • Amazon's AWS reaccelerated revenue growth to 37% year-over-year at a 39.4% operating margin, backed by a $496 billion backlog.
  • However, Oracle is aggressively expanding its AI cloud footprint and undercutting AWS pricing through flexible bring-your-own-GPU customer models.
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