Amazon Exceeds Cloud Sales Expectations Amid Strong AI Demand, Shares Dip

Amazon reported cloud sales growth above Wall Street expectations, driven by strong AI demand, but shares fell after the company projected a wider-than-expected range for current-quarter operating income. Alphabet's cloud division outperformed Amazon, contributing to the decline in Amazon's stock.

By Deborah Mary Sophia and Greg Bensinger Wed, April 29, 2026 at 11:04 PM GMT+3 3 min read · Yahoo Finance · April 29, 2026, 20:04 UTC

Tickers: $AMZN $GOOG

Topics: AI demand Alphabet Amazon AWS capital expenditures cloud computing earnings stock performance

Read the full article at Yahoo Finance

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