Amazon’s Strategic Pivot: Betting Big on AI and Enterprise Services

While Amazon built its empire on e-commerce, the technology giant is now channeling massive resources toward two rapidly expanding sectors that have surpassed its traditional retail operations in profitability. Recent strategic moves—including a $700 million land acquisition, key cloud partnerships, and significant advertising developments—signal a fundamental corporate transformation.

Amazon’s quarterly results released on October 30 revealed impressive momentum across all business segments. Revenue climbed 13% to reach $180.2 billion, exceeding market expectations. The company’s share price responded by hitting unprecedented levels, reflecting investor confidence in Amazon’s strategic direction.

Amazon Web Services demonstrated particularly strong performance, with revenue advancing 20% to $33 billion. CEO Andy Jassy highlighted this as the division’s Read more...