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Zenger
Zenger
Technology
Shanthi Rexaline

Andy Jassy Thinks AI Can Save Amazon’s Troubled Cloud Business

Andy Jassy Amazon AWS Amazon Web Services
Amazon Web Services branding, during day three of Web Summit Rio 2023 at Riocentro in Rio de Janeiro, Brazil. EOIN NOONAN/BENZINGA

Amazon, Inc. (NASDAQ:AMZN) stock continues to bounce around the bottom and the first-quarter earnings did little to lift sentiment.

Seattle, Washington-based Amazon reported first-quarter sales and earnings per share that exceeded expectations. Investors, however, were worried about slowing growth in the Cloud segment, which is the e-commerce giant’s fastest-growth and high-margin business.

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