Amazon is the growth laggard of the cloud industry now

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

. 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Crash: JPMorgan Warns Recession is 'Far From Priced In''The risk of recession is far from priced in': JPMorgan warns stocks are set up for a 'bearish outcome' as investors crowd into the top names in the market at rates last seen in the 2000 and 2008 bubbles
Source: BusinessInsider - 🏆 729. / 51 Read more »