Amazon’s cloud sales are growing the most in 15 quarters. Investors sent the stock down on AI capex fears
https://fortune.com/2026/04/30/amazon-earnings-cloud-sales-ai-capex-stock-falls/
Publish Date: 2026-04-30 10:11:00
Source Domain: fortune.com
Here are six key takeaways from the article on Amazon’s fiscal first quarter performance:
– Amazon reported a significant increase in profits and net sales, with strong growth particularly from its cloud computing division, Amazon Web Services (AWS).
– AWS saw a 28% increase in sales during the first quarter, marking the fastest growth in 15 quarters.
– Amazon issued a bullish outlook for current-quarter net sales, surpassing analyst expectations.
– The company’s substantial investments in artificial intelligence, robots, semiconductors, and satellites received attention, despite investors’ initial concerns.
– Major deals were signed with companies like OpenAI, Anthropic, and Meta, bolstering AWS’ momentum and AI capabilities.
– Amazon’s delivery service, Amazon Now, continues to expand, providing ultra-fast delivery options in various countries.
