Amazon (AMZN) Adds to Weakness as Research Points to AWS Deceleration
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Price: $109.56 +3.15%
Rating Summary:
56 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 10
Rating Summary:
56 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 10
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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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