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News Reporter@lemmy.wtfB to Economy@lemmy.world · 3 months ago

Amazon joins Google, Microsoft in cloud weakness, shares slide 3%

economictimes.indiatimes.com

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Amazon joins Google, Microsoft in cloud weakness, shares slide 3%

economictimes.indiatimes.com

News Reporter@lemmy.wtfB to Economy@lemmy.world · 3 months ago
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Amazon shares fell 3.72% to $229.95 following disappointing cloud revenue growth. The company's cloud unit reported a 19% revenue rise, missing expectations slightly. Analysts raised concerns over Big Tech's AI investments and infrastructure constraints. Despite this, some noted Amazon's cloud growth acceleration compared to Microsoft and Google, indicating potential market share gains. Market valuation could drop significantly if losses persist.
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    3 months ago

    Consequences of Zucking the orange dicktator off

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