Amazon’s Cloud Acceleration Calms Investor Fears of AI Bubble

Attendees walk through an expo hall at an AWS conference in Las Vegas. Photographer: Noah Berger/Getty Images Amazon.com Inc. posted robust cloud growth that reassured investors that the tens of billions of dollars the company and its peers are pouring into artificial intelligence will pay off. In the third quarter, Amazon Web Services generated $33 billion in revenue, a 20% increase from a year earlier, the company said in a statement on Thursday. The gain exceeded the 18% growth that analysts had expec ...