Amazon shares jump as cloud, advertising units drive revenue beat

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Amazon shares jump as cloud, advertising units drive revenue beat
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Amazon shares jump more than 10% on revenue beat

Here's how other key Amazon segments did during the quarter:$9.5 billion vs. $9.1 billion, according to StreetAccount

For the second quarter, Amazon said revenue will be $127 billion to $133 billion. Analysts had called for sales of $129.8 billion, according to Refinitiv. Jassy said that while AWS continues to navigate more cautious spending from cloud customers, he believes "there's much growth ahead," pointing to the company's investments in large language models.

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