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 warns of cloud capacity constraints despite $100B AI investment planAmazon cautions investors over cloud capacity troubles in 2025. The company believes it may fail to meet customer demand for ...
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