Amazon's Cloud Unit Posts Fastest Growth Since 2022
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Microsoft Investigating Azure Outage
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The e-commerce giant’s cloud-computing business has disappointed investors with its growth recently, but that appears to be changing.
Amazon's cloud division AWS faces growing challenges in the age of AI, with recent outages and competition from Alphabet's Google and Microsoft.
The outage prevented advertisers from accessing the Microsoft Advertising console, but its ad serving was not affected.
When it comes to cloud computing, Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are the clear leaders. Both are seeing strong growth, both are leaning heavily into artificial intelligence (AI), and both are investing billions to meet increasing demand.
A major outage last week disrupted Amazon's cloud division for 15 hours, affecting hundreds of companies and raising questions about AWS' resilience.
Google (GOOG) (GOOGL) and Microsoft (MSFT) are likely to benefit from “stable” and “healthy” cloud spending, UBS said. Read for more.