Alphabet Shares Tumble on Cloud Revenue Shortfall. Is This a Buying Opportunity for the Stock?
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 universal assistant. The model has more advanced multimodal and agentic capabilities and will also be used to power its AI Overviews within search. It said its consumer Gemini app is also gaining traction.
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.
Global cloud revenue totaled $330B last year, up $60B from the year before, according to a new report from Synergy Research ...
According to Fortune Business Insights, the cloud computing market could still grow at a compound annual growth rate (CAGR) ...
Amazon Web Services is grappling with capacity constraints due to AI chip shortages, impacting growth despite strong demand.
Amazon CEO Andy Jassy has said that the company’s cloud computing growth could be tampered due to constraints in obtaining AI infrastructure and electricity to power data centers.
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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 ...
In a rapidly evolving digital landscape, cloud computing has profoundly impacted industries. Innovator Vijay Kumar Adari explores how this transformative technology is revolutionizing banking and ...
By adopting scalable models, advanced deployment strategies, and technologies like AI and edge computing, organizations ...
Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
In this rapidly growing digital world, healthcare technology is undergoing a transformative revolution. Sardar Mohammed, a ...
In today's technological era, cloud computing has become an essential part of life for businesses and individuals alike. As more and more companies shift towards cloud-based solutions, investors ...
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Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.
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