AWS grows 28% with record 13.1% margin as Stord raises $250M
AMZN•Amazon’s Q1 AWS unit grew 28% YoY, achieving a record 13.1% operating margin, while AI commitments with Anthropic and OpenAI totaling $75B bolster its cloud leadership. Meanwhile, logistics startup Stord secured $250M and opened a 10,000-sq-ft R&D lab to develop automation as an e-commerce fulfillment alternative.
1. AWS Strong Q1 Performance and AI Investments
Amazon Web Services grew 28% year-over-year in Q1, achieving a record 13.1% operating margin. The company deepened AI focus through a $25B Anthropic deal and a $50B OpenAI commitment, and custom Trainium chips bolster its cloud infrastructure leadership.
2. Stord's $250M Funding and Logistics Challenge
Logistics startup Stord raised $250M to position as an Amazon fulfillment alternative and opened a 10,000-square-foot R&D lab at its Atlanta HQ. The lab tests robotics, AI slotting, and automation technologies in real warehouse conditions to deploy successful systems across its nearly 100 fulfillment locations processing $15B in annual gross merchandise value.
