Amazon stock rises after AWS launches Europe-only “sovereign cloud” as AI buildout stays in focus
Amazon shares rose 0.7% in after-hours trading after AWS launched a Europe-only “sovereign cloud” and Rio Tinto agreed to supply copper for Amazon’s AI data centers. The cloud service will operate under strict EU rules with no outside control. Amazon also challenged Saks Global’s bankruptcy plan in court and plans to appeal a reduced €752.4 million Italian antitrust fine.