Amazon’s stock tumbled 4%, erasing nearly $100 billion in market value after AWS reported $28.79 billion in revenue—just shy of analyst expectations. The cloud slowdown mirrors similar struggles at Microsoft and Google, raising concerns about AI-driven growth. Despite short-term setbacks, Wall Street remains bullish, with analysts maintaining strong buy ratings. As the AI race heats up, investors are watching whether Amazon’s aggressive spending will pay off.
Alibaba Cloud is ramping up its AI offerings with advanced tools, expanded infrastructure, and support programs for developers worldwide. Its Model Studio now features upgraded large language models like Qwen2.5 and AI coding assistant Tongyi Lingma. New cloud solutions, including high-efficiency ECS instances and the ACS container platform, aim to boost AI workloads. The GenAI Empowerment Program further accelerates innovation with cloud credits and industry collaborations.
