Amazon shares soar 11% on strong cloud growth, easing investor fears over AI spending
1. Amazon shares rose 11% after robust cloud growth exceeded expectations. 2. Cloud revenue increased by 20.2%, surpassing the 18.1% forecast. 3. Amazon plans to invest $125 billion by 2025, signaling confidence in growth. 4. Job cuts of 30,000 were announced to reduce bureaucracy, not financially motivated. 5. Amazon expects revenue of $206-$213 billion, higher than analysts anticipated.