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Amazon cloud surge beats expectations but AI spending pressures profits
Business
Published on 29 April 2026
AWS revenue jumps as AI bills mount
Amazon Web Services outperformed Wall Street’s cloud forecasts, powered by rising enterprise spending on AI adoption. AWS revenue grew strongly as Amazon deepened AI partnerships and expanded infrastructure. Yet the stock fell after a weaker-than-expected outlook for the coming quarter’s operating income, highlighting how heavy AI investments may weigh on near-term profits before monetization arrives.
- AWS cloud revenue beat expectations on AI-driven enterprise demand
- AI partnerships and infrastructure buildout accelerated growth
- Shares dipped after Amazon projected lower operating income
- Investments aim to monetize AI spending in later years
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times