$Amazon(AMZN.US) Amazon is following Microsoft's footateps on the way to having a beat trading day since 2022 after posting impressive earnings. YoY growth accelerated from 28% to 37%, reaching $42.2bn. ARR from Anthropic, which spun out of AWS’s ecosystem, is surging and delivering visible tailwinds to AWS. More importantly, unlike most cloud peers, AWS is accelerating both revenue and margin.Capex on the other hand is surging nearly $10bn QoQ in a single quarter, highest among the hyperscalers. The full-year target was raised to $220bn from $200bn on storage price hikes. That implies ~$60bn per quarter in the next two quarters, signaling AI infra spend can keep dancing even after the pullback. On this occasion, increasing Capex didn't spook investors and instead ironically proves that the AI demand is still very much on. @Captain's Treasure