Analyst: Amazon's cloud business competitiveness is declining.

D.A. Davidson analyst Gil Luria stated that Amazon's leading position in the cloud business is gradually weakening, appearing to be falling behind in the competition with Microsoft Azure and Google Cloud. Therefore, the stock rating has been downgraded to neutral, with the target price significantly reduced from $300 to $175. "Although AWS growth has slightly accelerated to 24%, Google Cloud's growth has accelerated to 48%, and Azure still achieved 39% growth despite limited resource allocation." Luria pointed out that Amazon has failed to establish a strong position in cutting-edge artificial intelligence labs, which is dragging down its performance; meanwhile, Google's self-developed TPU chip outperforms Amazon's Trainium, "which also affects customer preferences".