Amazon's Cloud Growth Slows as Rivals Gain Share, Though Earnings Top Views

Amazon Web Services revenue grew 12% but fell short of projections as businesses cut spending.

Microsoft Azure and Google Cloud gained market share over Amazon in the cloud sector.

Amazon launched Bedrock service for customers to run AI models like text generation.

Amazon earnings beat forecasts with $143B revenue and 94 cent profit per share.

Amazon's Prime Day sales event in July broke records with over $13B in estimated sales.