Amazon Reports Record Profits and Revenue Growth, Fueled by AI and Holiday Sales

The e-commerce giant's strategic investments in AI and efficient holiday sales strategies lead to a significant increase in profits and market share.

Amazon's fourth-quarter earnings surpass expectations with a 14% year-over-year revenue increase to $170 billion.
Net income soars to $10.6 billion, marking a significant turnaround from the previous year's performance.
Amazon Web Services (AWS) and advertising services report robust growth, with AWS revenue climbing 13% to $24.2 billion.
The company's focus on generative AI and efficient delivery systems contributes to its strong financial results.
Amazon's stock rises in after-hours trading, reflecting investor confidence in its growth trajectory.