Amazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw double-digit jump in sales to $30 billion. Ticker Security Last Change Change % AMZN AMAZON.COM INC. 244.22 +21.36 +9.58%

"AWS is growing at a pace we haven't seen since 2022, re-accelerating to 20.2% year-over-year, our largest growth rate in 11 quarters," CEO Andy Jassy told investors . He was even more bullish on future growth.

"Backlog grew to $200 billion by Q3 quarter end and doesn't include several unannounced new deals in October, which together are more than our total deal volume for all of Q3. AWS is gaining momentum. Customers want to be running their core and AI workloads in AWS given its stronger functionality, securit

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