Amazon is trading 12.3% up at $264.43 in pre-market following a powerful post-earnings reaction driven by cloud and AI strength.
- The company reported sharply accelerated AWS growth and record demand for AI and custom chips.
- Management signaled a strategic shift toward heavy infrastructure and AI silicon investment, which investors view as a primary long-term growth driver.
- The bullish sentiment surrounding AI scaling has offset slightly below-consensus revenue guidance.