Amazon Stock Suddenly Looks Weak: Here's What Investors Should Keep an Eye On
Amazon's (NASDAQ: AMZN) crown jewel suddenly looks tarnished.
Amazon Web Services, the cloud infrastructure juggernaut that has carried the stock for much of the last decade, posted its slowest growth ever in the fourth quarter.
Revenue growth at AWS came in at just 20% in the quarter, a marked deceleration from 27% growth in the third quarter and 40% in Q4 2021. That slowdown wasn't entirely unexpected, as CFO Brian Olsavsky had warned about headwinds in AWS on the third-quarter earnings call, and the company's guidance called for just 2% to 8% overall revenue growth in Q4, implying challenges in AWS.
Source Fool.com