Amazon's cloud warning rattles investors

By Aditya Soni

FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo

(Reuters) - Growth in Amazon.com Inc's lucrative cloud business is slowing and investors are worried.

Shares fell nearly 4% on Friday as Amazon's cloud business slowed in April after posting its weakest quarterly growth since the company began breaking out the unit's sales in 2015.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News
Many young drivers admit instant messaging at the wheel, survey finds
AI bellwether Broadcom shares fall 5% a day after results
Social media ban: Should you enforce your own mini-Australia at home?
Beloved, long forgotten social media app set to make huge comeback
Restaurant chain in US removes order number due to viral trend, chaos
Open AI, Microsoft face lawsuit over ChatGPT's alleged role in US murder-suicide
Taiwan opens new cloud centre to bolster 'sovereign AI' effort
Meta’s new AI superstars are chafing against the rest of the company
AI's US$400bil problem: Are chips getting old too fast?
US to mandate AI vendors measure political bias for federal sales

Trending in Tech

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.