Amazon Shares Drop as Weak Cloud Growth and Disappointing Forecasts Concern Investors
Amazon (NASDAQ:AMZN) shares fell over 4% in extended trading on Thursday, wiping out nearly $90 billion in market value. The decline followed weaker-than-expected revenue forecasts and sluggish cloud growth in Amazon
Microsoft Azure, Google Cloud and AWS cloud sales for fourth quarter 2024 includes global market share, total revenue, ...
According to Fortune Business Insights, the cloud computing market could still grow at a compound annual growth rate (CAGR) ...
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.
Microsoft reported that its flagship cloud computing business experienced a slowdown in growth amid constraints on data ...
The company is also seeing a slowdown in its Azure cloud services business, triggered by capacity constraints. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
Amazon’s increased spending comes after a few years of cost-cutting from the company. Jassy announced layoffs in 2022 that ...
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Meanwhile, the company expects the launch of its new Gemini 2.0 AI model to help drive growth as it moves closer to being a ...
Burned by astronomical cloud bills, enterprises need a strategic road map that balances flexibility and control to unlock the ...
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