Amazon Web Services is set to benefit from the increasing demand for AI inference workloads. Amazon’s advertising business is growing rapidly through partnerships. The e-commerce giant is focusing on improving retail margins. With solid financial results, AWS saw a 17.5% revenue growth to $30.9 billion, and advertising revenues increased by 22% to $15.7 billion in the second quarter. Management expects third-quarter revenues to range from $174 billion to $179.5 billion. AWS leads the cloud infrastructure market with a 30% share and is positioned to capitalize on the shift to cloud-based systems and AI inference workloads. AWS is lowering AI costs and has an impressive revenue run rate of $123 billion. Amazon’s advertising offerings reach over 300 million people in the U.S. Amazon is enhancing its retail margins by reorganizing its logistics network and incorporating automation. Analysts predict Amazon’s revenues will reach nearly $1.15 trillion by 2030, potentially leading to a market capitalization of $5.75 trillion.
Read more at Yahoo Finance: It’s Not Nvidia or Apple)
