RESOLVING THE LEDGER
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Amazon (NASDAQ: AMZN) delighted investors with 20% year-over-year revenue growth in the second quarter. Its cloud platform did particularly well, capturing headlines with 37% year-over-year revenue growth. It was only a few quarters ago that Amazon Web Services' revenue growth rate was decelerating and in the low double digits.
The narrative has shifted tremendously thanks to artificial intelligence, but it wasn't just cloud computing that drove results. These are some of the other big wins from Amazon's second quarter that investors may be overlooking.
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