Amazon’s stock price surged more than 10 percent on Friday morning following the release of its latest earnings report, which highlighted the impressive growth of its cloud computing division, Amazon Web Services (AWS). AWS caused a significant portion of the internet to crash just over a week ago, causing concern for current and potential customers alike.

CNBC reports that Amazon’s shares skyrocketed in early trading on Friday, as investors reacted positively to the company’s strong third-quarter earnings report, particularly the exceptional performance of its cloud computing business, Amazon Web Services (AWS). The tech giant’s stock price climbed by more than 10 percent, reaching its highest level since early 2023.

The standout figure in Amazon’s earnings report was the 37 percent y

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