Amazon's stock soars 12% on third-quarter beat and increased spending guidance
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025.Amazon shares soared 12% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services.Cloud was a major driver of revenue and profit growth, with sales at Amazon Web Services climbing 20% from a year earlier to 11.4 b ...