Amazon shares rise 10 percent

The strong growth in Amazon's cloud computing services revenue caused its stock to rise by more than 10% at the opening of trading, reflecting investor confidence in its investments in artificial intelligence. Amazon recorded its strongest growth in cloud services in over four years, with a 37% increase in revenue during the second quarter, and plans to allocate $220 billion for capital expenditures in 2026. The results indicate that investments by major technology companies in artificial intelligence are beginning to pay off and are supporting rapid growth, despite concerns about increased spending without immediate returns.

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