The Latest Breaking News from AWS

Amazon stock is trading lower today as AWS's Q2 performance and the company's Q3 operating income guidance spooked investors. Should you buy the dip here?

While Amazon’s near-term guidance may appear cautious, its aggressive investments in AI and logistics will secure its dominance for years to come.

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

Azure’s $75B revenue marks a milestone for Microsoft, but UK regulators say the cloud market isn’t competitive and may need stronger oversight.

With headcount inching up to 1.55 million, CEO Andy Jassy said "AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business growth, and I’m excited for what lies ahead."

Ecommerce giant Amazon.com Inc (NASDAQ:AMZN) reported second-quarter financial results after market close Thursday.

The UK authority found that Microsoft and Amazon Web Services have a significant share of the cloud computing market.

It raised concerns over the way Microsoft charges Amazon and Google to use its software, which it said is driving up costs.

Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella has said that working with leading AI startups like OpenAI helps sharpen the company's cloud infrastructure and product development, drawing a parallel to a time when he wished Netflix Inc. (NASDAQ:NFLX) had chosen Azure over Amazon.com, Inc.'s (NASDAQ:AMZN) Amazon Web Services.