cloud business
Coverage of cloud business in the Nexus archive.
- Meta money grab is a plea to investors: Stick with us
Meta launched a cloud business to sell excess compute capacity, shifting from prior claims of compute shortages. The move follows investor concerns over stock performance and AI spending, with Meta's shares rising 9% after the announcement. The strategy contrasts with competitors like Amazon and Alphabet, whose cloud revenues have grown alongside AI investments.
- Amazon’s cloud business is surging — and so is its capital spending
Amazon's cloud business, AWS, is generating more revenue than expected, but the company is also increasing its capital spending, as stated by its chief executive. The e-commerce giant plans to maintain this spending pattern in the near term.
- Microsoft reports sinking Xbox revenue as its cloud business climbs
Microsoft's Xbox hardware revenue fell by 33%, with a 5% drop in content and services, while cloud and productivity businesses drove overall revenue to $82.9 billion. The company also experienced executive turnover, including the retirement of Xbox chief Phil Spencer.