Amazon (AMZN.US) Q1 revenue and net profit both exceeded expectations! AI bet pays off: AWS surged 28% to a three-year high, with the annual AI budget aiming at 200 billion US dollars.

The Zhitong Finance and Economics App noted that Amazon (AMZN.US) exceeded expectations in its spending on expanding data center capacity this quarter, leading to its cloud business achieving the fastest sales growth in over three years. The financial report shows that Amazon's revenue in the first quarter reached 181.52 billion US dollars, a year-on-year increase of 16.6%, exceeding expectations by 4.35 billion US dollars; earnings per share were $2.78, exceeding expectations by $1.13.