Amazon’s AWS Posts Fastest Growth in Nearly Five Years as AI Demand Accelerates Cloud Expansion - Tekedia

Amazon Web Services reported its fastest growth in nearly five years, with second-quarter revenue up about 37% year over year to $42.23 billion, topping expectations.

Amazon said both its AI business and custom AI chips have each crossed $25 billion in annualized revenue.

AWS generated $16.62 billion in operating income, while Amazon sharply increased capital spending to build out AI-capable cloud infrastructure.

The results underscore how AI demand is boosting cloud growth and reinforcing AWS as Amazon’s key profit engine.