Amazon's AWS business has been one of its biggest drivers of growth in recent years. The company has been a market leader in cloud storage and enterprise storage solutions. In the most recently reported second quarter, Amazon saw revenue for AWS hit $22.1 billion, up 12% year-over-year. "Our AWS growth stabilized as customers started shifting from cost optimization to new workload deployment, and AWS has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases," Amazon CEO Andy Jassy said.