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Amazon jumps as AWS growth soothes fears over its AI spending

The Next Web

TechnologyThe Next Web·Jul 31, 2026·1 min read

Amazon jumps as AWS growth soothes fears over its AI spending

Amazon shares jumped more than 12% after its cloud division posted its fastest growth in over four years, easing investor fears that the company’s ballooning AI spending was running ahead of the payoff. Amazon Web Services grew 37% in the…

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