Investors worried about the financials of the technology giant’s cloud computing business, compounding broader worries about a sky-high stock boom.
Category: Cloud Computing
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What Oracle’s Surge Says About the A.I. Boom
Shares in the tech giant are on a torrid run, stunning Wall Street, even as its profit outlook puzzles some analysts.
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Amazon Reports $18.2 Billion in Profit Amid Strong Retail Demand
Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important cloud computing division.
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Amazon Says Operating Profits May Decline Amid Economic Uncertainty
The company reported overall mixed results, sending share prices down in after-hours trading.
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Figma in Talks With Bankers to Explore an I.P.O. This Year
The design tech company is exploring a public offering after regulators stymied its $20 billion sale to the software giant Adobe in 2023.
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Apple Faces Lawsuit Over Child Sexual Abuse Material on iCloud
Victims of abuse are seeking more than $1.2 billion in damages, arguing that the company abandoned a 2021 system it developed to find abusive material.
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Amazon Reports Record $15.3 Billion Profit
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.
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What’s at Stake in a Strained Microsoft-OpenAI Partnership
The alliance between the technology giant and the company behind OpenAI has been hugely consequential — but a disruption could shake up the A.I. race.
