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 ...
It had been growing a lot slower than Microsoft Azure and Google Cloud for a period of time, but we believe that as Amazon has caught up on its AI offering, it may have less of a deceleration ...
The massive capex comes as Amazon's cloud and AI rivals up their spending. Google-parent company Alphabet, said on its most recent earnings call that it expects to spend $75 billion on capital ...
However, growth in the closely watched Amazon Web Services cloud unit was slightly lower than expected, with sales of $28.8 billion, an increase of just under 19%, compared with expectations of 19 ...
(GeekWire File Photo / Todd Bishop) Amazon’s cloud growth rate has been increasing steadily in recent quarters, and investors are looking for the trend to continue when the company reports ...