Business

Amazon stock is a victim of Microsoft’s gloomy outlook



Microsoft

Its outlook was so worrisome, it crashed the shares of other cloud companies, including

Amazon

com.

While Microsoft’s latest quarterly results show strength in its cloud business, a bleak outlook is drawing attention on Wednesday and weighing on stocks in the region. whole industry. After such a devastating period of stress for technology and with Nasdaq still in a bear market, who can blame investors for being a bit pessimistic?

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