The cloud boom has finally reached a resting altitude, but Wall Street is doing anything but resting. Amazon.com Inc. AMZN, -4.06%, the original pioneer in cloud computing, confirmed Thursday what Read more
Tag: Cloud Computing
Amazon misses on holiday forecast and cloud growth, profit; stock plunges 20%
Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and AWS profit missed expectations by nearly $1 billion, Read more
Amazon misses on holiday forecast and cloud growth, profit; stock plunges nearly 20%
Amazon.com Inc. showed its first quarterly profit of the year Thursday, but predicted that holiday sales and profit would come in well lower than analysts expected while cloud growth slowed, Read more
Microsoft earnings drag down software stocks as results ‘could spark new rounds’ of sector concerns
Microsoft Corp. saw cloud-computing growth slow in the latest quarter, suggesting that even big technology companies aren’t immune to the current macroeconomic storm. Shares of Microsoft MSFT, +1.38% were off Read more
Microsoft stock drops more than 6% as forecast comes up short, cloud growth slows
Microsoft Corp. shares fell more than 6% in after-hours trading Tuesday as the company’s cloud-computing revenue came in lower than expected and executives’ forecast missed expectations by more than $2 Read more
Microsoft stock slips as Azure growth slows and cloud sales miss projections
Microsoft Corp. shares slipped in after-hours trading Tuesday despite an earnings beat, as the company’s cloud-computing revenue came in lower than expected and its core cloud product, Azure, grew at Read more
Opinion: IBM’s expensive and risky pivot to the cloud is finally paying off
International Business Machines agreed to buy open-source enterprise-software company Red Hat for a whopping $33 billion in 2019, its biggest acquisition ever. Critics scoffed that the deal was folly. Everyone Read more
TikTok will use your data to fuel its multibillion-dollar shopping mall — whether you know it or not
If you ask a roomful of people what TikTok is, you’re bound to get a pretty wide array of answers. Is it a hub for teens to show off their Read more
Google faces an advertising slowdown — here’s why earnings may hold up anyway
It’s been a challenging year for digital advertising, and the worst may be yet to come. “We believe the darkest days of this downturn are ahead of us,” Monness Crespi Read more
Xi’s power move punishes Chinese stocks, pushing them down as much as 26% in one day
Investors have made one thing clear: They don’t like Xi Jinping’s moves to consolidate power. Over the weekend, Xi took his third term as China’s communist party leader while sidelining Read more