Amazon Web Services posts $42.2B in revenue for the recent quarter, a 37% increase that beats analysts' forecasts and sends Amazon shares higher in after-hours trading.The cloud unit says artificial intelligence and chip-related businesses each exceed $25B in run rates and that its AI revenue run rate tops $15B, boosted by partnerships with OpenAI, Anthropic, Meta, Pinterest and Snowflake.Chief Executive Officer
Andy Jassy says investments in chips, data centers and network capacity are easing capacity constraints even as
Amazon narrows cash burn to $7.6B and
Prime Day sales exceed $26.4B earlier this month.