Amazon’s outlook underwhelms as tech giant forecasts ‘lumpy’ cloud growth in years ahead
Amazon shares slid after the online retail and cloud-services giant offered a first-quarter outlook that came up short of Wall Street’s expectations while forecasting bumpy trends in its cloud business.
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.
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.
The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday, ...
NEW YORK – Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite ...
Amazon (AMZN) will likely be under pressure to deliver strong cloud computing results in its fourth-quarter earnings report ...
Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
The brick-and-mortar mainstay has held the top spot in quarterly sales for more than a decade, according to analysts.
DeepSeek has prompted investors to take a closer look at the AI spending plans of the world's biggest tech companies.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback