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Amazon Reports Strong Cloud Unit Sales on Rising AI Demand

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April 30, 2024, 8:12 p.m. | Matt Day

Bloomberg Technology bloomberg.com

Amazon.com Inc.’s cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects. The shares rose in extended trading.

amazon amazon.com businesses cloud demand growth nms:amzn projects reports resume sales shares spending technology trading

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