Amazon Says Cloud Growth Is Slowing

The company reported increased sales from the previous quarter, but shares fell in after-hours trading when it was revealed that cloud-computing growth has slowed this month. Inc. has reported a surge in growth after recovering from a stagnant sales following a post-pandemic slowdown. However, its cloud computing business continued to show signs of cooling.

Stronger-than-expected performance in its advertising and international businesses was initially greeted warmly by investors.