Amazon Stock Surges 5% After Crushing Wall Street Expectations in Q1 Earnings Report
Seattle, Washington – Amazon’s first-quarter earnings have surpassed Wall Street expectations, driving the retail giant’s shares up by as much as 5% in after-hours trading. With a significant boost from its cloud computing segment, Amazon continues to impress investors amidst a wave of strong results from Big Tech companies. The company revealed that its Amazon Web Services (AWS) business is on track to achieve $100 billion in annual revenue, showcasing its dominance in the industry. …