Amazon's AWS posts fastest growth since 2021, citing AI and chip demand
Summary
Amazon Web Services (AWS, Amazon's cloud computing division) experienced its fastest growth since 2021, with revenue reaching $42.23 billion in the second quarter, driven by strong demand for artificial intelligence services and custom chips. AWS's AI business and chip unit each generated over $25 billion in annualized revenue, more than doubling from the previous year, while the company continues to invest heavily in building data centers with AI chips to meet customer demand.
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Original source: https://www.cnbc.com/2026/07/30/aws-earnings-q2-2026.html
First tracked: July 30, 2026 at 08:00 PM
Classified by LLM (prompt v3) · confidence: 85%