Why did Amazon stock accelerate on Thursday? Optimism on AWS from the CEO
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Amazon (NASDAQ:AMZN) shares rose sharply on Thursday after an annual letter from CEO Andy Jassy highlighted a promising growth trajectory for the cloud business despite near term headwinds.

He highlighted the AWS as a key revenue driver, reaching an $85B annualized revenue run rate even as the unit is âstill early in its adoption curve.â He explained that the short-term headwinds confronting the segment at present drag on profitability, but should serve to keep customers onboard as the business continues to grow. Overall, he downplayed the need to âoptimize for any one quarter or year,â instead focusing on longer term relationships.

âWeâre not close to being done innovating here, and this long-term investment should prove fruitful for both customers and AWS,â Jassy wrote. âAWS is still in the early stages of its evolution, and has a chance for unusual growth in the next decade.â

Amazon (AMZN) stock rose 4.67% on Thursday. 
Read more on the AWS tools outlined in the shareholder letter.