Amazon‘s (NASDAQ: AMZN) second-quarter update, released on July 30, was so impressive that the company’s stock has been rising ever since. E-commerce sales were strong during the period, advertising revenue accelerated compared to recent quarters, and the tech giant’s most important segment, Amazon Web Services (AWS), posted a blowout quarter. AWS sales climbed by 37% year over year — its fastest growth rate in 18 quarters — to $42.2 billion. Amazon CEO, Andy Jassy, was full of praise for AWS, and (at least) one thing he said highlights just how impressive this business is.
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AWS is just getting started
Amazon was a pioneer in the cloud…
https://finance.yahoo.com/markets/stocks/articles/amazon-ceo-andy-jassy-says-202000529.html