Amazon’s cloud just cleared. The company posted $180.2 billion in revenue, a $1.95 EPS, and 20% growth in Amazon Web Services (AWS) — its strongest pace in more than a year. The beats landed across the board: revenue up 13% from a year earlier, profit above expectations, and guidance for the holiday quarter steady to slightly higher. Shares jumped around 13% in after-hours trading as Wall Street recalibrated: Maybe the world’s largest retailer is also back to being one of its most formidable cloud compani ...

Amazon.com Inc.'s (NASDAQ:AMZN) massive artificial intelligence push took a major step forward as its Project Rainier supercomputer, powered by nearly 500,000 Trainium2 chips, officially went live.AMZN is having a challenging session. Get the scoop here.The new Rainier system marks a turning point for Amazon Web Services, positioning it to capture a larger share of booming AI training and inference demand that could add billions in revenue growth through 2026.Bank of America Securities analyst Justin Post m ...

Andy Jassy, CEO of Amazon, arrives at The Sun Valley Resort for the Allen and Company Sun Valley Media and Technology Conference in Sun Valley, Idaho, U.S., July 8, 2025.Amazon shares jumped more than 10% in extended trading Thursday after the company posted third-quarter earnings that exceeded expectations, along with strong growth in its cloud-computing unit.Here's how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: $1.95 vs. $1.57 estimatedRevenue: $180.17 billio ...

公司评级与市场表现 - 富国银行将亚马逊股票评级从“均配”上调至“超配” [1] - 评级上调主要基于对“Rainier项目”可能显著加速亚马逊云服务增长的信心 [1] - 亚马逊股票年初至今下跌不到1%，是“七巨头”中表现最弱的股票之一，但过去52周回报率为17% [4] - 亚马逊当前远期市盈率为32.92倍，高于行业中位数但低于其自身历史平均水平 [6] 公司业务与市场地位 - 亚马逊是一家全球科技和电子商务巨头，业务涵盖云服务、数字流媒体、订阅服务、广告、实体零售和消费电子等 [3] - 公司多元化的增长模式使其成为全球最有价值的上市公司之一，市值达2.3万亿美元，并稳居“七巨头”之列 [3] Rainier项目战略意义 - Rainier项目是亚马逊在专有人工智能和云基础设施方面的战略押注，可能重塑其未来多年的盈利轨迹 [2] - 该项目标志着其云计算战略的关键转变，旨在将亚马逊云服务置于人工智能基础设施的前沿 [7] - Rainier项目涉及构建一个由数十万个定制Trainium2芯片驱动的大型人工智能超级计算机 [7] - 该系统的计算能力预计将达到Anthropic当前最大训练集群的五倍 [7] 市场情绪与前景 - 尽管近期表现相对疲软，但市场情绪可能因对亚马逊云服务人工智能投资和Rainier项目的乐观情绪而转变 [5] - 分析师普遍看好该公司前景 [5]

文章核心观点 - 亚马逊CEO安迪·贾西认为公司应现在积极投资AI以在未来获得丰厚财务回报 [1] 投资必要性 - 跟上AI创新步伐和客户对AI产品需求需投入“大量资金”，亚马逊若希望未来获得强劲投资回报现在也需投入资金 [1] - 公司认为AI是一生一次的重塑一切的机会，现在积极投资能让客户、股东和业务受益 [3] 投资计划 - 亚马逊在2月第四季度财报电话会议上宣布2025年资本支出超1000亿美元，“绝大部分”将用于AWS的AI能力建设 [2] 投资成本 - 目前最大的AI开支是数据中心和芯片，但随着时间推移这些基础设施成本将降低 [3] - AWS需求增长越快，需采购更多数据中心、芯片和硬件，且AI芯片比CPU芯片贵很多，虽资产可用多年但需提前投入资金 [4] 价格趋势 - 未来随着AI训练成本下降，资金将转向推理环节，公司迫切希望降低客户推理成本 [5] - 未来几年通过模型蒸馏、提示缓存、计算基础设施和模型架构的改进，推理将更高效 [5] 产品情况 - Trainium2芯片于2024年末发布，其性价比比目前通用的GPU计算实例高30%-40%，说明AI基础设施价格会随时间下降 [4] 业务进展 - 亚马逊目前正在构建超1000个生成式AI应用 [5] - 亚马逊AI收入同比呈三位数增长，年营收达数十亿美元 [5]