Amazon’s Cloud Growth Hits Five-Year High, but Profit Miss and Spending Plans Hit the Shares
Amazon’s cloud business is growing faster than at any time in nearly five years. Investors, worried about the cost of that growth, were not impressed....
Tag : big tech
Microsoft Rewarded, Alphabet Punished as Investors Weigh the Cash Cost of Cloud Growth
Two technology giants reported booming cloud businesses on Wednesday, and investors sent their shares in opposite directions. Microsoft rose, while Alphabet slid by around a...
Meta Hit With Record $25 Billion Penalty as It Lifts AI Spending Plans
Meta Platforms has been handed the largest financial penalty in its history, just as it asks investors to keep trusting its rapidly growing bill for...