Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its cloud, artificial intelligence and chips divisions.
Its revenue increased 20 per cent to more than $200 billion in the second quarter, compared to last year, with its cloud business, Amazon Web Services, jumping 37 percent to reach $42.2 billion.
The company said two of its AI-related divisions also grew by "triple-digit percentages": its AI cloud and chips businesses each "exceeded" $25 billion annual revenue run rates, which is a measure of recurring sales.
Its stock jumped by more than 6 percent after hours.
The company is working to show that its heavy investments in artificial intelligence, alongside the rest of the tech sector, are paying off.
Read: Meta's AI spending spree lays bare its compute dilemma
Amazon will hold an earnings call with analysts later Thursday afternoon.
Meta's shares dropped as much as 12 percent during after-hours trading Wednesday after it reported results that missed Wall Street's expectations.
The maker of Facebook and Instagram closed down another 8 percent on Thursday.
Microsoft shares soared over 15 percent on Thursday after reporting results on Wednesday that beat expectations.
The maker of LinkedIn and Xbox showed growth in revenue and profits, and said that its AI-powered business productivity tool, called Copilot, also grew to over 30 million paid users.
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