Amazon Web Services CEO Andy Jassy
Amazon CEO Andy Jassy says customers are cutting cloud spending. Analysts say Amazon Web Services is seeing slowing growth, but still retains more market share than competitors.
  • The slew of big tech earnings confirmed that cloud growth is slowing and no one is immune.
  • Microsoft, Amazon, and Google all say customers are looking for ways to lower their cloud bills.
  • These charts show just how much cloud growth slowed at the big three cloud providers.

The slew of recent big tech earnings confirmed what investors had been fearing — cloud growth is slowing, especially as companies look to cut costs amid a worsening economic outlook.