Amazon forecasts 40% annual cloud growth in 2027 and 2028
Amazon forecast 40% annual growth for its cloud business in 2027 and 2028. The report also cites modest AWS results and weak advertising growth in its third-quarter earnings report.
By Christine JiModest AWS results and weak advertising growth leave Wall Street disappointed by Amazon's third-quarter earnings reportAmazon forecasts that its cloud business will grow 40% annually in 2027 and 2028.Similar to how Alphabet's earnings played out on Wednesday, Amazon.com's cloud comme…