in their cloud businesses, beating analysts' revenue expectations. But both companies said they continue to see organizations moderating their cloud spend.also reports on Thursday, to close out earnings season for the mega-cap tech companies. AI has been a central theme.
Last week, Amazon hosted an AWS Summit, where the company announced updates related to generative AI,Amazon's results will give investors a sense of whether the company's ongoing cost-cutting efforts are beginning to bear fruit.
Also during the quarter, Amazon hosted its annual Prime Day discount bonanza, which it touted as its "biggest ever." Amazon's guidance for the third quarter could give a glimpse into how much Prime Day lifted sales.
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