Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending
AWS has not been able to match the growth of Amazon’s competitors, with Microsoft Corp.’s Azure and Alphabet Inc.’s Google Cloud seeing cloud-related revenue rise by 31% and 30%, respectively. Even so, AWS remains much bigger than any other cloud infrastructure provider, and it’s notable that those peers also missed expectations this week.
Amazon profits last year soared
Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
Amazon (AMZN) will likely be under pressure to deliver strong cloud computing results in its fourth-quarter earnings report ...
The brick-and-mortar mainstay has held the top spot in quarterly sales for more than a decade, according to analysts.
Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to ...
CEO Jassy said the supply of chips — from third parties and Amazon’s own chip design unit — and power capacity are limiting ...
Amazon investors drove shares down sharply on Thursday due to weakness in the retailer’s cloud computing unit and ...
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