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Amazon beats Wall Street expectations with strong cloud business growth

Amazon became the latest of the “Magnificent Seven” tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose in after-hours trading.The company reported revenue of 158.9bnagainstanalystexpectationsof158.9bn against analyst expectations of 157.2bn, and earnings per share of 1.43,comparedto1.43, compared to 1.16 expected by Bloomberg analysts.Amazon reported $27.5bn for the previous three months, a 19% increase, in line with analy ...