Amazon Cloud Growth Lifts Wall Street; Apple Hits Record; Netflix Split: Money Minute

Amazon's Cloud Computing Surge

• ☁️ Amazon Web Services (AWS) experienced its strongest growth in nearly three years, with a 20% increase year-over-year.
• 💡 This growth is attributed to high demand from AI companies utilizing Amazon's cloud computing services.
• 📈 Consequently, Amazon's shares are up 10.5%, significantly boosting the overall Wall Street market.

Market Performance and Apple's Record Quarter

• 📊 The Nasdaq saw a gain of over 1%, the S&P 500 rose two-thirds of a percent, and the Dow increased by a tenth of a percent.
• 🍎 Apple reported a record-breaking quarter with over $102 billion in revenue.
• 🔮 The company predicts blockbuster sales for the iPhone 17 during the upcoming holiday season.

Netflix Stock Split

• 🎬 Netflix shares are up approximately 4% following the announcement of a 10-for-1 stock split.
• 👥 This split is intended to benefit company employees who participate in the stock option program.