Amazon stock falls 4% amid cloud growth concerns

Amazon’s stock fell 4% in Frankfurt trading on Feb. 7, after disappointing growth in its cloud computing division.

The decline followed a 5% drop in after-hours trading on Feb. 6.

The drop came after Amazon announced lower-than-expected revenue and profit forecasts for the first quarter of 2025.

Investors are increasingly concerned about the cloud unit, which is a key driver to Amazon’s overall business performance.

Recent Amazon developments

Timeline
06-Feb-2025 🤖 Amazon to unveil AI-enhanced Alexa with new features Amazon to launch AI-enhanced Alexa on Feb 26 New Alexa offers multi-tasking; subscription fees later
06-Feb-2025 📉 Amazon plans to cut 15% of middle management by Q1 2025 Amazon cuts 15% of middle management roles Focus on individual contributor roles and skill development
05-Feb-2025 🌱 Amazon expands renewable energy with 476 MW purchase Amazon signs 476 MW renewable energy agreements Projects support planned data centers in Iberia
31-Jan-2025 📉 Amazon cuts jobs in sustainability, communications units Amazon cuts jobs in communications and sustainability. Financial support offered to affected employees.
28-Jan-2025 🛒 Amazon appoints Whole Foods CEO to lead grocery business Jason Buechel to lead Amazon’s grocery business. Focus on Fresh, Go stores, and online grocery services.

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