AWS exceeds Wall Street's expectations as demand for cloud infra remains high

Amazon’s cloud infrastructure service, Amazon Web Services (AWS), is on track to record its strongest year of growth in three years, fueled by the AI industry’s unprecedented demand for computing power.AWS is growing 20% year-over-year and ended the third quarter with $33.1 billion in sales through the first nine months of the year, Amazon announced in its third-quarter earnings release on Thursday. The business segment’s operating income increased to $11.4 billion in Q3, up from $10.4 billion at the same p ...