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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

This Business Could Supercharge Amazon's Growth, and It Is Not AI

Harsh Chauhan, The Motley Fool
·5 min read
This Business Could Supercharge Amazon's Growth, and It Is Not AI

Amazon (NASDAQ: AMZN) has been in the news for the wrong reasons lately. The e-commerce and cloud computing giant's 2022 revenue increased just 9% to $514 billion, which was a substantial slowdown over 2021's full-year revenue growth of 22%. While it's clear there were justifications for downsizing its workforce, it was somewhat surprising that job cuts were even seen in the relatively fast-growing Amazon Web Services (AWS) cloud computing business.

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