The e-commerce giant’s cloud-computing business has disappointed investors with its growth recently, but that appears to be changing.

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.

Experts say the incident revealed what can happen when a such a broad spectrum of companies rely on singular cloud provider.

Amazon's AWS is the dominant cloud computing business, but some on Wall Street are concerned that the company isn't as competitive when it comes to artificial-intelligence workloads. Thus, all eyes will be on AWS's growth in the third quarter,

A problem at Amazon’s cloud computing service disrupted internet use around the world. The outage on Monday took down a broad range of online services, including social media, gaming, food delivery, streaming and financial platforms.

Amazon said its cloud computing service was recovering from a major outage that disrupted online activity around the world.

NEW YORK — Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.

A massive internet outage stemming from errors in Amazon cloud services on Monday morning demonstrated just how many people rely on the corporate behemoth's computational infrastructure everyday — and laid bare the vulnerabilities of an increasingly concentrated system.