Amazon's Cloud Growth Slows as Rivals Gain Share, Though Earnings Top Views
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Amazon Web Services revenue grew 12% but fell short of projections as businesses cut spending.
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Microsoft Azure and Google Cloud gained market share over Amazon in the cloud sector.
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Amazon launched Bedrock service for customers to run AI models like text generation.
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Amazon earnings beat forecasts with $143B revenue and 94 cent profit per share.
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Amazon's Prime Day sales event in July broke records with over $13B in estimated sales.
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