Amazon: AWS grows 39%, shares fall after fourth-quarter forecast
Amazon's cloud business is accelerating, but investors were concerned by rising spending on AI infrastructure, negative cash flow and a cautious forecast for the holiday season.
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Amazon's cloud business is accelerating, but investors were concerned by rising spending on AI infrastructure, negative cash flow and a cautious forecast for the holiday season.
Amazon and Alphabet are spending more cash on AI infrastructure than they earn, and the stock market has clearly punished them for it. The costs of this race will also reach companies: through cloud, hardware, and memory prices.
Damage to three facilities of a single provider was enough to knock out more than 80 services in Russia, from search to banking. War is an extreme scenario, but an outage unfolds similarly during a fire or a widespread power failure, so it concerns every company in the cloud.
Two facilities stopped operating, and the outages were felt by companies using Yandex Cloud, from a bank to the railways. Yandex advised customers to activate their own disaster recovery plans.
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