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Benzinga
Benzinga
Business
Rishabh Mishra

Amazon Post-Earnings Decline 'Totally Wrong,' Says Analyst As CEO Points Out AWS Has 'More Demand Than We Have Capacity'

Amazon AWS Andy Jassy Amazon.com Inc. Eric Allen Amazon Web Services Nasdaq Street
Amazon May Pour Billions More Into Anthropic As $13.8 Billion AI Bet Grows: Report

Following its second-quarter earnings report, Amazon.com Inc.‘s (NASDAQ:AMZN) stock experienced a significant sell-off. However, a closer look at the details from the earnings call reveals that the primary reason for the slowdown in Amazon’s cloud business, Amazon Web Services (AWS), is not a lack of demand, but a severe capacity issue, with CEO Andy Jassy specifically identifying power as the “single biggest constraint.”

Check out the AMZN stock price over here.

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