An updated edition of the Sept. 12, 2025 article. With improved flexibility, scalability, cost savings and accessibility, cloud computing has generated a significant buzz across the length and breadth of the business enterprise ecosystem,

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Matt Day sizes up Amazon’s place in the changing cloud computing market.

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.

From a garage in Bellevue, Washington, in 1995, Jeff Bezos started Amazon (NASDAQ: AMZN). Now, 30 years later, this tech giant still calls the Evergreen State home. And you may be surprised to know that the stock could still be a smart buy today.

Microsoft said on Wednesday it spent nearly $35 billion on artificial intelligence in its fiscal first quarter, surpassing market expectations and overshadowing blockbuster growth in its cloud-computing business.

Amazon said its cloud computing service was recovering from a major outage that disrupted online activity around the world on Monday.

Spectro Cloud, a Goldman Sachs–backed (NASDAQ:GS) startup valued at about $750 million, announced on Tuesday that it entered a strategic partnership with Nvidia (NASDAQ:NVDA) to address one of the biggest challenges in artificial intelligence: approximately 70% of computing power that often sits unused.

Microsoft's AI infrastructure spending to meet growing cloud services demand is outpacing Wall Street expectations, deepening investor fears about the costs of sustaining the boom.