Amazon’s latest earnings surge added more than $20 billion to Jeff Bezos’ fortune in a matter of hours.⁠ ⁠ The company beat Wall Street expectations as Amazon Web Services posted its fastest growth in 18 quarters, sending shares up more than 9% in after-hours trading and sharply increasing the value of Bezos’ stake.⁠ ⁠ Amazon also revealed that both its AI business and custom chip business have surpassed a $25b annualized revenue run rate, offering one of the clearest signs yet that its massive investment in AI is beginning to pay off.⁠ ⁠ (via @Forbes) #jeffbezos #amazon #stock #surge #gain