Amazon beats Wall Street expectations with strong cloud business growth

1. Amazon reported $158.9bn revenue, surpassing analyst expectations of $157.2bn. 2. Cloud business grew 19%, matching analyst forecasts and improving from last year. 3. AI investments expected to generate over $105bn, indicating strong future growth. 4. Traditional retail shows optimism due to improved consumer spending from economic easing. 5. Concerns raised over advertising revenue deceleration and the rollout of Prime Video ads.