Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
AWS surpasses Wall Street forecasts as strong demand for cloud infrastructure continues

AWS surpasses Wall Street forecasts as strong demand for cloud infrastructure continues

Bitget-RWA2025/10/31 20:21
By:Bitget-RWA

Amazon Web Services (AWS), the cloud division of Amazon, is set to achieve its fastest growth rate in three years, driven by the soaring need for computing resources in the AI sector.

According to Amazon’s third-quarter financial report released Thursday, AWS has expanded by 20% compared to last year, reaching $33.1 billion in revenue for the first nine months. The segment’s operating profit climbed to $11.4 billion in Q3, up from $10.4 billion during the same period in 2024.

“AWS is expanding at a rate we haven’t experienced since 2022, accelerating to 20.2% year-over-year,” stated Andy Jassy, Amazon’s president and CEO, in the earnings statement. “Demand remains robust for both AI and our core infrastructure, and we’ve prioritized scaling up capacity — adding over 3.8 gigawatts in the last year.”

During the quarter, AWS opened a new infrastructure region in New Zealand and has plans for three additional regions in the near future.

In the third quarter, AWS also landed multiple new contracts across different sectors, including several prominent clients in the AI field. In July, AWS teamed up with Perplexity to launch the AI browser company’s enterprise offering. AWS also formed a partnership with Cursor during the same period.

The substantial infrastructure needs of AI have also benefited AWS’s rivals. In September, OpenAI and Oracle reportedly signed a massive $300 billion cloud computing agreement set to begin in 2027. The arrangement also includes OpenAI paying Oracle $30 billion annually for data center services. Just last week, Google and Anthropic revealed a cloud partnership valued at tens of billions of dollars.

Such enormous contracts are being made even as doubts linger about the actual future demand for cloud infrastructure and whether the industry is entering a bubble. Nonetheless, it is logical for cloud providers like AWS to capitalize on a market where clients are prepared to spend heavily for their offerings.

“You’ll continue to see us invest aggressively in expanding capacity because the demand is there,” Jassy commented on AI infrastructure investments. “We’re monetizing new capacity as quickly as we can bring it online.”

This update follows Amazon’s announcement two days earlier that it would cut 14,000 corporate positions as it shifts more resources toward its AI initiatives.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: Trump's Pause on China Tariffs Triggers Worker Protests Over Future of U.S. Shipyards

- Trump administration suspends China tariffs on shipbuilding imports, drawing labor union criticism over domestic industry risks and worker refunds. - 175 H-1B visa abuse investigations reveal $15M+ potential refunds, as unions warn of wage suppression and corporate favoritism in trade policies. - Square enables Bitcoin payments for 4M U.S. merchants, advancing crypto adoption while Trump dismisses inflation concerns and vows meatpacking crackdowns.

Bitget-RWA2025/11/11 06:14
Bitcoin News Update: Trump's Pause on China Tariffs Triggers Worker Protests Over Future of U.S. Shipyards

Bipartisan Legislation Assigns Crypto Regulation to CFTC to Clarify Oversight Uncertainty

- U.S. lawmakers propose shifting crypto regulation from SEC to CFTC via a bipartisan bill, reclassifying most digital assets as commodities. - The draft aims to resolve regulatory ambiguity stifling innovation, building on stalled House CLARITY Act efforts during the 38-day government shutdown. - Market optimism surged as shutdown relief pushed Bitcoin above $105k, with ETF outflows persisting amid anticipation of clearer CFTC-led oversight. - Critics warn of CFTC resource constraints, while proponents hi

Bitget-RWA2025/11/11 05:40
Bipartisan Legislation Assigns Crypto Regulation to CFTC to Clarify Oversight Uncertainty

Solana News Update: DevvStream Invests in SOL Despite $11.8M Deficit, Shows Strong Confidence in Sustainable Blockchain Prospects

- DevvStream Corp. (DEVS) disclosed holding 12,185 SOL and 22.229 BTC, staking SOL for 6.29% annualized yield amid a $11.8M fiscal 2025 loss. - The company launched a digital asset treasury via BitGo/FRNT Financial, securing $10M liquidity from a $300M convertible note facility. - Plans include a 2026 tokenization platform for carbon credits and Solana staking, aligning with its de-SPAC/Nasdaq listing strategy. - Despite crypto market outflows, DevvStream's staked SOL attracted inflows, contrasting broader

Bitget-RWA2025/11/11 05:28