Analyst: Amazon's cloud business performance growth is not satisfactory, and it may be surpassed by competitors in the future.

date
02/08/2025
Amazon expects its third quarter revenue to exceed market expectations on Thursday, but the performance of Amazon Web Services is disappointing. D.A. Davidson analyst Gil Luria said that Amazon's competitors are performing strongly, but "AWS's growth rate is still stuck at 18%. This is very disappointing, and even if Microsoft's Azure continues to grow at its current pace, it may surpass AWS by the end of next year to become the largest cloud service provider."