Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit

Core Insights - Amazon shares experienced a nearly 12% increase in premarket trading, driven by strong growth in its cloud unit and a positive sales outlook [1] Company Performance - The growth in Amazon's cloud unit has alleviated concerns regarding its competitive position in the AI sector [1] Market Reaction - The significant rise in Amazon's stock price reflects investor confidence following the announcement of robust performance metrics [1]