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Amazon is the growth laggard of the cloud industry now

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. The companies are teaming up to offer AI tools and services to developers and companies, via the Azure cloud platform.

Rishi Jaluria, an analyst at RBC Capital, thinks that could be understated."While the AI platform shift is early on and monetization still forming, management sounded as bullish as you'd expect on the market opportunity," the analyst wrote in a note to investors."A clear path to reaccelerating cloud is fast forming with AI."

"Management's commentary around AI on the earnings call didn't inspire a lot of confidence like some of AWS' competitors," Bernstein analysts wrote.

 

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