Amazon's AWS revenue rose 37% to $42.2bn in Q2, beating consensus growth of 31.21% amid a surge in corporate AI spending. Total Q2 revenue w

Amazon's AWS revenue rose 37% to $42.2bn in Q2, beating consensus growth of 31.21% amid a surge in corporate AI spending. Total Q2 revenue was $200.6bn versus $196.42bn expected. Q3 revenue guidance of $197.0bn—$202.0bn missed the Street's $204.07bn estimate. Strong AWS results may ease some concerns about tech giants' heavy AI investment this year (industry spend forecast >$700bn); Amazon shares rallied over 8% in after-hours trading.