Amazon's cloud business faces crucial test after rivals Microsoft, Google stumble


FILE PHOTO: The logo of Amazon is pictured at the company logistics center in Carquefou near Nantes, France, October 15, 2024. REUTERS/Stephane Mahe/File Photo

(Reuters) -The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday, after Microsoft and Google's lackluster reports jolted investor faith in Big Tech's billion-dollar investments in AI.

Shares of major tech companies surged in the past two years on the belief that massive datacenter needs for artificial-intelligence technologies would power investment for years.

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

Next In Tech News

Why AI means animal testing is not always needed to trial new medicines
Day of reckoning arrives for social media after US court loss
Teens get probation after using AI to create fake nudes of classmates
Revolut to base 40% of its global workforce in India by 2026
Apple rolls out age checks for UK users
Munich Re: AI making cyber attacks costlier and more effective
Nanya Technology shares surge 10% after $2.5 billion fundraising
Nvidia-backed Reflection AI eyes $25 billion valuation, WSJ reports
Hundreds of teens to trial social media bans in UK pilot project
Apple plans AI reboot with Siri app, new look and ‘Ask Siri’ Button in iOS 27

Others Also Read