Overview
- Amazon stock set another all-time high this week and is up about 44% for the year.
- First-quarter results showed net sales rose 17%, the fastest growth in nearly five years.
- AWS led the performance with roughly 28% sales growth and $14.2 billion in operating profit, which was more than half of Amazon’s total.
- Amazon plans to spend $200 billion this year to expand data centers, networks, and its in-house chips.
- New AI commitments include Meta adopting Amazon’s Graviton processors and Anthropic pledging over $100 billion to AWS over the next decade.