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Amazon Stock Soars 10% on Strong AWS and AI Performance

Amazon Stock Soars 10% on Strong AWS and AI Performance

Published:
2025-10-31 22:36:02
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BTCCSquare news:

Amazon's stock surged 10.48% to a record $246.22 following a robust Q3 2025 earnings report, driven by accelerating demand for AI infrastructure and cloud services. The company posted $1.95 EPS on $180.2 billion revenue—exceeding Wall Street's $1.58 EPS and $177.8 billion estimates.

AWS revenue grew 20% year-over-year to $33 billion, fueled by AI chip innovations like Trainium2 and Project Rainier. Despite announcing 14,000 corporate job cuts, Amazon's strategic pivot toward AI and cloud scalability reinforced market confidence in its growth trajectory.

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