Amazon Stock Rises Despite AWS Outage, Highlighting Cloud Dependency
Amazon Web Services (AWS) suffered a major outage on Monday, disrupting platforms like Snapchat, Reddit, and Venmo. The incident originated at the US-EAST-1 data center in Virginia due to a DNS error affecting DynamoDB, a critical AWS database. Most services were restored by afternoon, though lingering delays impacted Config, Redshift, and Connect.
Investors shrugged off the disruption, sending Amazon shares up 1.6% to $216.48. The market reaction underscores confidence in AWS's long-term resilience despite this being its third significant outage in five years. The event starkly illustrates the global economy's reliance on cloud infrastructure.