Amazon and Alphabet Shares Surge Amid Cloud Industry Developments
On Monday, shares of Amazon.com (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL, GOOG) rose following positive news in the cloud computing sector. Amazon is raising prices by up to 20% for access to advanced GPUs at Amazon Web Services (AWS), signaling strong demand for cloud services.
AWS serves as one of Amazon’s highest-margin business lines, boosting revenue growth as the company aims to offset rising costs associated with AI infrastructure. Meanwhile, Alphabet’s stock benefitted from its inclusion in the Dow Jones Industrial Average, where it replaced Verizon, likely increasing investor interest.
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