Amazon will report second-quarter earnings after the market close on Thursday.
In the first quarter, AWS sales increased roughly 16%, the slowest growth since 2015, when Amazon began breaking out cloud revenue.
AWS rivals Microsoft and Alphabet last week reported solid results in their cloud businesses, beating analysts' revenue expectations.
Last week, Amazon hosted an AWS Summit, where the company announced updates related to generative AI, including a service that uses the technology to transcribe and summarize doctors' patient visits.
Also during the quarter, Amazon hosted its annual Prime Day discount bonanza, which it touted as its "biggest ever."
Persons:
Andy Jassy, it's, Brian Olsavsky, workloads
Organizations:
Amazon, Seattle, Refinitiv Revenue, Web, Services, Evercore, Microsoft, Apple, Meta
Locations:
Seattle, Israel