Amazon's Cloud Expectations Undermined
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cloud growthReuters
•Technology
Technology
Amazon's cloud business faces crucial test after rivals Microsoft, Google stumble
80% Informative
Amazon Web Services , the world's largest cloud services provider, is expected to post its strongest revenue increase in eight quarters at 19.3% , according to data compiled by LSEG .
The company was the first big cloud provider to embrace DeepSeek's AI models last month and has said its capital spending, mostly on AI , would be more than the $75 billion it estimated for 2024 .
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