Amazon shares have surged by around 11% in early trading today after the tech giant reported a 20% surge in sales at its cloud computing division, Amazon Web Services (AWS), during its third quarter earnings announcement. The growth was driven by strong demand for computing power from artificial intelligence (AI) applications.
Chief executive Andy Jassy said that AWS is now growing at a pace not seen since 2022, with the company continuing to see strong demand in AI and core infrastructure. This upbeat tone from Jassy has helped boost investor confidence in Amazon's prospects, driving up its shares.
The blue chip S&P 500 index and tech-heavy Nasdaq index are both up today, with the latter experiencing a particularly sharp rise of 1%. However, not all companies are benefiting from the surge in tech stocks. The Bank of England is facing expectations that it will cut interest rates next week, according to analysts at Barclays.
Meanwhile, Southern Water has lifted its three-month hosepipe ban in Hampshire and the Isle of Wight after wet weather helped recover supplies. However, officials have warned that drought conditions could continue into 2026 unless there is consistent rain in the coming months.
In a statement, Southern Water's director of water Tim McMahon said that the company was "incredibly grateful" to its customers for their support during the hosepipe ban and praised them for helping protect the environment.
Chief executive Andy Jassy said that AWS is now growing at a pace not seen since 2022, with the company continuing to see strong demand in AI and core infrastructure. This upbeat tone from Jassy has helped boost investor confidence in Amazon's prospects, driving up its shares.
The blue chip S&P 500 index and tech-heavy Nasdaq index are both up today, with the latter experiencing a particularly sharp rise of 1%. However, not all companies are benefiting from the surge in tech stocks. The Bank of England is facing expectations that it will cut interest rates next week, according to analysts at Barclays.
Meanwhile, Southern Water has lifted its three-month hosepipe ban in Hampshire and the Isle of Wight after wet weather helped recover supplies. However, officials have warned that drought conditions could continue into 2026 unless there is consistent rain in the coming months.
In a statement, Southern Water's director of water Tim McMahon said that the company was "incredibly grateful" to its customers for their support during the hosepipe ban and praised them for helping protect the environment.
also heard southern water lifted their hosepipe ban but like they're still worried drought conditions can come back? that's so random 
anyway, anyone know what's happening with interest rates in the UK? Barclays is saying the Bank of England might cut them next week... 
11% surge in Amazon shares? That's wild! I'm glad to see AWS is killing it with AI demand, it makes sense though since more companies are jumping on the AI bandwagon 
. Andy Jassy's optimism is infectious, hope he keeps that up, it'll be good for investors 
. On a different note, I'm so happy Southern Water lifted their hosepipe ban 
, those customers were so supportive during the drought, kudos to them! Fingers crossed for consistent rain in 2026 
.
. Back in my day, we didn't need some fancy AI thingy to know when to buy a new computer. And what's with these interest rate cuts? It's like the Bank of England is playing a game of catch-up. 
I mean, I'm all for people getting their hands on more affordable stuff, but don't they think this'll just make inflation worse? 
Now it seems like everyone's got an AWS account and wants to be a tech mogul. Not my cup of tea, if you know what I mean... 
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seriously though, folks, let's not forget that everyone needs access to clean water. anyway, back to amazon - if aws is growing at a 20% pace, i'm all for it 
! 20% growth in sales from AWS is crazy, especially with AI applications driving the demand. It's like the world has gone digital mad 
20% surge in sales? That's insane! 
. Amazon shares up by 11% today? No wonder the S&P 500 and Nasdaq indexes are on a roll too 
That's over $100 billion in market value added just because AWS had a good quarter 
Wet weather helped Southern Water recover supplies, but we're not out of the woods yet 
. Interest rates? Who knows? The Bank of England is all like "maybe" next week 
. 2025 is shaping up to be a wild ride! 
! 11% surge in just one day? That's a big deal! 
. Plus, CEO Andy Jassy sounds like a total rockstar 
, always delivering great results. The S&P 500 is on the rise too 
. Southern Water, for instance, finally lifted that hosepipe ban 
! But we should still keep an eye on the drought conditions next year 
! #AmazonSurge #AWSGrowth #InvestorConfidence #TechStocksRising #SouthernWaterLiftsHosepipeBan
️. Wet weather in Hampshire and Isle of Wight must've been a blessing for Southern Water 
i mean, no wonder investors r so hyped, AI apps r takin over everything! 
. wet weather helped them recover supplies, yaaas! Tim McMahon said they're super thankful to customers for supportin during the ban. also, droughts could happen again if it doesn't rain soon... hope not tho 
what's with all this cloud computing business? I mean, don't get me wrong, I love a good game of Fortnite on my console as much as the next guy but come on... AWS and AI, it sounds like something from a sci-fi movie 
. You couldn't even get a decent cuppa at a coffee shop without paying an arm and a leg 
, that's what community is all about 
?