Microsoft significantly exceeded earnings expectations for the June quarter and disclosed its standalone annual Azure revenue ...

Azure's performance places Microsoft firmly behind Amazon Web Services, which remains the global leader in cloud ...

Amazon ended Friday’s session 6.83% higher at $127.74, according to Benzinga Pro data. Microsoft added 0.59% before closing at $329.81 and Alphabet’s Class C shares edged down 0.03% to $123.40.

S3 Vectors allows customers to store AI vector data in S3 object storage, a move that potentially allows for much cheaper storage of vectorised data usually held in vector databases.

Recent research suggests Amazon's AWS could maintain dominance in the cloud market over Microsoft Azure. Click here to find out why I rate MSFT stock as a hold.

Microsoft CFO Amy Hood clarified that six percentage points of Azure's 30% growth came from AI services. Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up On AMZN Amazon.com Inc ...

Amazon Wows With Guidance Amazon’s cloud business, Amazon Web Services, or AWS, reported revenue of $23.06 billion in the third quarter. This marked a 12.28% year-over-year gain and a 4.15% ...