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Sam Quirke

Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case

Amazon AWS Apple

For most of this year, Amazon.com Inc. (NASDAQ: AMZN) has been dogged by a single nagging question: would its enormous spending on artificial intelligence (AI) infrastructure ever translate into faster growth?

Its Q2 earnings report, delivered Thursday night, offered the most emphatic answer yet, and the market is responding in kind - Amazon shares were trading up roughly 12% in Friday's pre-market session.

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