AWS growth climbs to 28% as Amazon’s big AI bets start to pay off

Amazon Web Services growth accelerated to 28% in the first quarter — its fastest pace in nearly four years — pushing Amazon’s results past Wall Street’s expectations and validating, at least for now, the company’s controversial $200 billion capital spending plan. Overall, Amazon posted sales of $181.5 billion, up 17%, and operating income of $23.9 billion, up 30%. Both topped guidance and exceeded Wall Street’s expectations of about $177 billion in revenue.