Amazon (AMZN) Adds to Weakness as Research Points to AWS Deceleration

May 18, 2022 9:59 AM EDT
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Amazon (NASDAQ: AMZN) adds to weakness on research from a boutique that AWS data is implying a infrastructure deceleration in April. Shares are now down 4%. Earlier weakness was tied to Target's results.

"AWS Y/Y infrastructure growth decelerated, driven in large by AsiaPac," the firm noted. Microsoft's Azure infrastructure growth accelerated, while Google Workspaces hostnames were flat, the firm also noted.

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