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Amazon rallies on cloud recovery as it chases Microsoft for AI business
Credit: IndiaTimes- Published on October 27, 2023
Amazon.com saw a 7% increase in its stock price on Friday, driven by growth in its cloud business and its focus on the artificial intelligence market. The company's CEO, Andy Jassy, expressed optimism about the cloud business and the potential for AI to generate significant revenue. This positive outlook led to an increase in...
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