Amazon profits surge 35% but forecast sinks share price

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Amazon Web Services (AWS), the company's world leading cloud computing division, led the charge with sales jumping 17.5% to $30.9 billion. This was despite a stellar second quarter that exceeded analyst expectations, much like it did for its AI focused rivals Google, Microsoft and Meta, which posted bumper results for the period. ...