Amazon's stock soars 12% on third-quarter beat and increased spending guidance
1. Amazon shares rose 12% after strong Q3 results and AI spending boost. 2. AWS revenue grew 20% YoY, generating $33 billion in sales. 3. Digital advertising sales jumped 24% to $17.7 billion. 4. Amazon forecasts $125 billion in capital expenditures for 2025. 5. The company announced layoffs of 14,000 employees to streamline operations.