Amazon (AMZN) kicked off the holiday season with steady growth as Amazon Web Services, its cloud division, continues to boom amid the A.I. craze. During the July-September quarter, AWS generated $27.5 billion in revenue, up 19 percent from a year ago, and projects to generate $110 billion in revenue for the full year. AWS’s profits grew 48.6 percent to $10.4 billion, making up the majority of Amazon’s total operating income following North American retail sales. Amazon’s total revenue jumped 11 percent to $158.9 billion, exceeding Wall Street’s estimates.
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“The AWS team continues to make rapid progress in delivering A.I. capabilities for customers and building a substantial A.I. business,” Amazon CEO Andy Jassy........