Amazon beats expectations with cloud and AI growth

Biztoc.com·July 30, 2026·1 min read

AI Summary

Amazon reported a 20 percent increase in overall revenue, surpassing $200 billion in the second quarter. The company's growth was particularly strong in its cloud, artificial intelligence, and chips divisions.

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Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its cloud, artificial intelligence and chips divisions. Its revenue increased 20 percent to more than $200 billion in the second quarter, comp…

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