Amazon's Cloud Business Growth Drives Increased Capital Spending

Amazon's cloud computing division, AWS, reported a 28% year-over-year sales increase to $37.6 billion, driven by the AI boom. The growth is attributed to AWS's role in providing infrastructure for AI development, with CEO Andy Jassy highlighting the unprecedented pace of growth. Amazon is also increasing its capital spending to support this expansion.

By Lucas Ropek Thu, April 30, 2026 at 3:14 AM GMT+3 3 min read · Yahoo Finance · April 30, 2026, 00:14 UTC

Tickers: $AMZN

Topics: AI Amazon AWS Capital Spending Earnings Report

Read the full article at Yahoo Finance

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