{"id":14264,"date":"2025-10-31T14:19:04","date_gmt":"2025-10-31T12:19:04","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/amazon-shares-soar-as-ai-boom-fuels-stellar-growth-in-aws-cloud-unit\/"},"modified":"2026-02-27T16:26:53","modified_gmt":"2026-02-27T14:26:53","slug":"amazon-shares-soar-as-ai-boom-fuels-stellar-growth-in-aws-cloud-unit","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/amazon-shares-soar-as-ai-boom-fuels-stellar-growth-in-aws-cloud-unit\/","title":{"rendered":"Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit"},"content":{"rendered":"<p>This was after strong growth at its cloud unit, and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the artificial intelligence (AI) race.<\/p>\n<p>&nbsp;<\/p>\n<p>Revenue at Amazon Web Services (AWS), the hub of the company&#8217;s recent AI investments, rose 20% in the third quarter. Although Microsoft Azure&#8217;s revenue increased by 40% and Google Cloud&#8217;s by 34%, AWS&#8217;s sheer scale magnifies its growth impact.<\/p>\n<p>&nbsp;<\/p>\n<p>Its $33 billion cloud revenue is more than double that of Google&#8217;s $15.16 billion. Wall Street cheered AWS&#8217;s comeback, with analysts noting the earnings marked a potential turning point for Amazon.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;There was definitely concern about AWS losing market share to Microsoft Azure and Google Cloud. Now AWS is aboard the train as well and they&#8217;re seeing a big revenue increase,&#8221; said Jed Ellerbroek, Portfolio Manager at Argent Capital.<\/p>\n<p>&nbsp;<\/p>\n<p>Ellerbroek said investors were expecting an AWS boost in the fourth quarter or early next year. &#8220;But it&#8217;s already come this quarter,&#8221; he said.<\/p>\n<p>&nbsp;<\/p>\n<p>Up until Friday&#8217;s stock surge, Amazon shares had risen just 1.6% so far this year due to market share worries and a lack of solid AI updates, making the company the worst performer in the &#8220;Magnificent Seven&#8221; group of tech giants.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":14265,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14264","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Amazon shares surged more than 11% in early trading on Friday. ","published_date":null,"news_description":"Amazon shares surged more than 11% in early trading on Friday. ","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14264\/revisions"}],"predecessor-version":[{"id":19003,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14264\/revisions\/19003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14265"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14264"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}