Amazon (AMZN) released its Q2 earnings after the close last night on Thursday, July 31, and the stock is trading lower today as the company’s guidance came in lighter than consensus estimates. Moreover,

Shares of Amazon.com dropped by more than 8.6% in premarket trading on Friday, as investors responded with concern to the company’s second-quarter results, which showed cloud computing unit Amazon Web Services (AWS) growing slower than key rivals Microsoft and Google.

A Market Misstep and a Buying Opportunity? Amazon’s (NASDAQ:AMZN) latest quarterly report delivered a mixed bag that sent its stock tumbling 8.3% on Friday. Despite exceeding expectations with strong earnings and revenue,

Amazon.com Inc. dropped in premarket trading after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off.

Amazon reported earnings Thursday afternoon in the wake of upbeat cloud results from its major rivals that suggested healthy AI demand. MarketWatch will be breaking down the results.

Amazon’s (AMZN) latest earnings report provides insight into the company's various branches and subsidiaries, including Amazon Web Services. AWS has been a huge revenue-driver for years, and this quarter is no different.