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.
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Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season ...
Amazon (AMZN) will likely be under pressure to deliver strong cloud computing results in its fourth-quarter earnings report ...
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Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
Microsoft MSFT.O on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down more ...
A renowned innovator in cloud computing and AI systems, Sandeep Konakanchi presents a groundbreaking framework for ...
Big tech is known for its explosive hype cycles, and a potential breakthrough in quantum computing could create its fair ...
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