Amazon Falls After Profit Guidance, Cloud Growth Spook Investors

Amazon.com Inc. reported weaker-than-expected operating income guidance, causing its stock to drop in late trading. Investors were concerned about the company's ability to maintain its momentum, particularly in its cloud computing division, where it has faced growing competition from rivals like Microsoft and Google. The e-commerce giant's cloud growth rate trailed that of its competitors, raising questions about the company's strategy and the impact of its massive investments in artificial intelligence. While Amazon remains a dominant player in the industry, the slowdown in its cloud business and the broader economic uncertainty have left investors uncertain about the company's future performance. The article highlights the challenges Amazon faces in sustaining its growth and maintaining its competitive edge, as it navigates the rapidly evolving technology landscape and adjusts to changing market conditions.