Amazon shares rise after cloud growth exceeds expectations

October 31, 2025 11:21 AM

Amazon shares rise after cloud growth exceeds expectations

Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading on Thursday. The company projected increased capital spending next year. The online retailer benefited as businesses continue to spend relentlessly on artificial intelligence software development. Massive cloud demand is helping the tech company ease the pressure from softer growth at its e-commerc...

Many websites, apps go dark as Amazon’s cloud unit reports global outage

October 20, 2025 2:24 PM

Many websites, apps go dark as Amazon’s cloud unit reports global outage

Amazon's cloud services unit AWS was hit by an outage on Monday, causing connectivity issues for many companies around the world and disrupting services for several popular websites and apps including Fortnite and Snapchat. "We can confirm increased error rates and latencies for multiple AWS Services in the US-EAST-1 Region," AWS said in an update on its status page. AI startup Perplexity, cryptocurrency exchange Coinbase and trading app Robinhood attributed the outages to AWS. "Perplexity is...