AWS's revenue grew to $35.6 billion in the December quarter, while Google Cloud grew 48% to $17.75 billion. Amazon shares closed down 4.4% during regular trading as worries deepened about the enormous cost of the artificial-intelligence boom. The top four hyperscalers - Amazon, Microsoft, Google and Meta - are expected to collectively spend more than $630 billion this year. But investors punished Microsoft's stock last week after its cloud unit growth just squeaked past estimates. But Amazon took $610 million in asset impairments related primarily to its physical stores unit, which includes Amazon Go and Amazon Fresh grocery stores.

Source: The Telegraph February 06, 2026 06:28 UTC