Amazon(US:AMZN) 美股研究社·2025-10-31 02:17Core Viewpoint - Amazon's cloud computing business has achieved its fastest revenue growth in nearly three years, leading to higher sales forecasts for the next quarter, which has significantly boosted the company's stock price by 14% in after-hours trading [3][4][5]. Group 1: Cloud Business Performance - Amazon Web Services (AWS) reported a 20% year-over-year revenue growth in Q3, surpassing market expectations of 17.95% [7]. - Despite a recent outage affecting several popular websites, Amazon's overall performance remains strong [7]. - AWS typically accounts for about 15% of Amazon's total revenue but contributes approximately 60% of its operating profit [16]. Group 2: Financial Outlook and Capital Expenditure - The company anticipates a capital expenditure of around $125 billion for the current year, with plans for further increases next year [5][4]. - As of Q3, Amazon has invested approximately $89.9 billion in capital expenditures, primarily for AI-related projects [5]. Group 3: Market Position and Competitive Landscape - Amazon's stock performance has lagged behind other tech giants, partly due to perceptions of slow progress in AI development [10]. - The CEO expressed confidence in maintaining growth momentum across various sectors, including advertising and retail sales [11]. Group 4: Advertising Revenue - Amazon's advertising business saw a 24% year-over-year revenue increase, reaching $17.7 billion [17]. - The company is actively enhancing its advertising space, including on platforms like Echo Show and smart shopping carts [17]. Group 5: Workforce and Corporate Adjustments - Amazon has announced layoffs totaling approximately 14,000 positions, with a total plan to reduce around 30,000 jobs [17]. - The layoffs are attributed to cultural adjustments rather than financial or AI-related factors, aiming to streamline management layers [17].