Amazon’s Stock Appeal Hit by Intensifying Cloud Competition

Amazon.com Inc.’s cloud-computing business has helped propel its shares for almost two decades, but increasing pressure from rivals like Microsoft Corp. and Oracle Corp. is sapping some of the stock’s appeal. Most Read from Bloomberg The proliferation of artificial intelligence has led to an explosion of demand for cloud hyperscalers, where Amazon Web Services has the biggest market share. It’s followed by Microsoft’s Azure and Alphabet Inc.’s Google Cloud Platform, with Oracle’s huge growth suggesting t ...