“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY,” Andy Jassy, the president and CEO of Amazon, said in the company’s earnings announcement. “We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity — adding more than 3.8 gigawatts in the past 12 months.”

Amazon.com Inc. posted robust cloud growth that reassured investors that the tens of billions of dollars the company and its peers are pouring into artificial intelligence will pay off.

A major outage last week disrupted Amazon's cloud division for 15 hours, affecting hundreds of companies and raising questions about AWS' resilience.

Experts say the incident revealed what can happen when a such a broad spectrum of companies rely on singular cloud provider.

Amazon's AWS is the dominant cloud computing business, but some on Wall Street are concerned that the company isn't as competitive when it comes to artificial-intelligence workloads. Thus, all eyes will be on AWS's growth in the third quarter,

The outage prevented advertisers from accessing the Microsoft Advertising console, but its ad serving was not affected.

User complaints surged on tracking site DownDetector just after noon Eastern time, with most reports concentrated in the company’s US-EAST-1 region.

Amazon's cloud computing division delivered the goods in the third quarter, reporting $33.0 billion in sales for a 20% year-over-year growth rate that investors had been itching to see. The latest performance blew past consensus expectations and marks an acceleration from the June quarter's 17.