Cloud run hits Amazon shares: Stock drops over 7% as AWS trails...

Dununu.com Dununu

Patrocinados

Cloud run hits Amazon shares: Stock drops over 7% as AWS trails Microsoft and Google in AI-driven cloud growth; $170bn market cap erased

RSS Feed Business

Posted

79

Amazon shares experienced a significant drop following the release of its Q2 earnings report, primarily due to the slower-than-expected growth of Amazon Web Services (AWS). While AWS revenue increased, it lagged behind the growth rates of competitors Microsoft Azure and Google Cloud, raising concerns about Amazon's position in the competitive AI-driven cloud market.

Read Full Article

Please log in to like, share and comment!

PM Modi dedicates Operation Sindoor success to Lord Shiva

Prime Minister Narendra Modi, during his Varanasi visit, dedicated Operation Sindoor's success to...

By 0 13

After quiet series a loud finish for Yashasvi with 'Rohit bhai' watching on

Yashasvi Jaiswal thoroughly enjoyed reaching three figures and would have certainly meant the...

By 0 18

Amid Trump tariff threat, PM pledges to protect farmers, MSMEs & youth

Prime Minister Modi, addressing his constituency, emphasized prioritizing farmers' welfare, small...

By 0 27

India inaugurateseight new consular application centres across America

By 0 27

Fans celebrate Bachchan's re-birth day on August 2

Amitabh Bachchan's near-fatal accident on the sets of 'Coolie' in 1982 led to a nationwide...

By 0 28