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Why Fastly Just Popped, but Amazon and Microsoft Dropped

Why Fastly Just Popped, but Amazon and Microsoft Dropped

As of 1:37 p.m., ET, shares of cloud computing company Fastly (NYSE: FSLY) were up by 7% while both Amazon.com (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) were retreating on worries about the health of their cloud computing businesses, down 2.2% and 2.1%, respectively. Big picture, tech investors are worrying Tuesday about an International Monetary Fund (IMF) report forecasting only moderate 3%-ish global gross domestic product growth over the next five years.