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Barchart
Patrick Sanders

Amazon’s AI Story Is Bigger Than You Think. Here Are 3 Reasons Why.

Amazon Anthropic AWS Andy Jassy Trainium Amazon.com Inc. Artificial Intelligence NVDA Uber

Amazon (AMZN) made a compelling case for itself this earnings season. The company reported its fastest growth in Amazon Web Services (AWS) in 18 quarters, highlighting accelerating momentum in its cloud business. “There’s a lot to be excited about, and we have much more coming for customers in the second half of the year and beyond,” CEO Andy Jassy said in the second-quarter earnings report.

Amazon reported revenue of $200.6 billion. Net income was startlingly high at $62.64 billion, thanks to a $53.39 billion windfall in non-operating income that the company attributed largely to its investment in Anthropic. That helped push EPS to a whopping $5.82.

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