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Amazon's AI Ambitions Are Growing: Can the Cloud Provider Deliver?
ZACKS· 2025-06-06 22:41
Key Takeaways Amazon invests $10 billion in North Carolina cloud infrastructure to support AI growth and innovation. AWS revenues hit a $117 billion run rate with 17% growth as the AI business shows triple-digit expansion. Custom Trainium 2 chips and Bedrock services are central to AMZN's strategy amid capacity challenges.Amazon's (AMZN) AI strategy is gaining momentum with a substantial $10 billion commitment to expand cloud computing infrastructure in North Carolina, signaling the company's aggressive p ...