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Amazon’s Cloud Revenue Doubles Google’s, Stock Surges on AI Investments

Amazon’s Cloud Revenue Doubles Google’s, Stock Surges on AI Investments

Author:

Global Cryptocurrency

Published:

2025-10-31 19:23:02

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Amazon shares surged nearly 12% in premarket trading following a stronger-than-expected earnings report, fueled by robust growth in its cloud computing division. The company posted $33 billion in quarterly cloud revenue—more than double Google's $15.16 billion—exceeding analyst projections of $32.42 billion. AWS revenue grew 20% year-over-year, alleviating concerns about Amazon lagging in the AI race.

The retail giant also unveiled its $11 billion AI data center, Project Rainier, designed to train models for Anthropic, the creator of Claude. Amazon's $8 billion investment in Anthropic includes plans to deploy 1 million custom Trainium2 chips by 2025. Total revenue hit $180.2 billion, up 13% year-over-year, with EPS of $1.95 outperforming estimates of $1.57.

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