Investors love AI, as long as you’re a cloud host | TechCrunch

Amazon reported stronger-than-expected second-quarter earnings, with net sales up 20% and AWS revenue rising 37% year over year, prompting a nearly 10% after-hours stock increase. The article notes that investors are accepting Amazon’s heavy data center and AI infrastructure spending because its cloud business provides a clear revenue source. It contrasts this with skepticism toward companies such as Meta, where large AI-related spending is seen as less directly tied to revenue, while warning that cloud providers still depend on sustained demand from AI customers.

Summary generated July 31, 2026. AI summaries can make mistakes.