Finally got to see Amazon's revenue acceleration from AI, says Citi's Ronald Josey

Core Insights - Amazon's stock has increased by over 10% due to signs of reacceleration in AWS growth, driven by significant investments made over the past year and a half [2][4] - The addition of 3.8 gigawatts of power in the last year has alleviated previous limitations, enabling continued growth in AWS and enhancing its competitive position [4][6] - Amazon's retail business is also performing well, with a notable increase in everyday essentials sales, growing at over 20% [9] AWS Performance - AWS has shown signs of reacceleration, which was a key focus for analysts, and the addition of power resources is expected to support ongoing growth [2][4] - The company is enhancing its infrastructure to support new services, particularly in generative AI, which requires more computing power [4][5] - Amazon's ability to solve power limitations positions it favorably against competitors like Google and Azure, potentially attracting more businesses to its platform [7] Retail Business Insights - The retail segment is experiencing growth, with CEO Andy Jassy noting a decent start to the holiday shopping season [8][9] - The use of AI and the Rufus chatbot has led to increased engagement and revenue growth, with Rufus contributing approximately $10 billion in incremental revenue [9][10] - Amazon's approach to agentic commerce is evolving, with the integration of AI tools enhancing customer experience and engagement [10]